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The proposed exchange would facilitate trading in minerals and metals under rules framed by the central government.
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The Tata group firm exports no steel from its Indian operations to the United States, and the company expects any secondary impact- from exporter-manufacturers using its steel, to be limited, MD and CEO TV Narendran told Moneycontrol
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Silver has quietly outperformed gold with a 3.5x surge since pandemic lows, driven by industrial demand from electric vehicles and solar panels, tight supply conditions, and growing investment interest.
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Temporary headwinds in the international market persist while forward integration and robust domestic demand will improve the financial metrics
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The US Labor Department released its employment report on Friday, which showed an unexpected rise in US jobs in December. The unemployment rate also fell to 4.1%.
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They want a streamlined visa process to address foreign manpower issues, as with PLI beneficiaries
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It has highlighted the scarcity of copper, a metal whose use in electric vehicles, data centres and power lines puts it at the heart of the energy transition
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The company plans to spend Rs 20,000 crore on capex in FY25, funded mainly by cash generation. It does not plan to raise funds via equity issue, like group company JSW Energy.
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Gold prices are at an all time high above $2,250/oz after gaining 10% in Q1 of 2024. Strong gold retail buying in China & Turkey is one of the prominent reasons behind the price surge. Catch Manisha Gupta with more details
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The rally in gold continues with prices hitting an all-time high. Strong physical demand for gold is also fueled by its appeal as a safe-haven asset and investors looking to diversify amid lackluster performances in other asset classes. Catch Manisha Gupta with more details
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Gold surged to record high this week in MCX as weak US economic data and US regional banking jitters have given bulls the boost needed to break out from the last 2 months consolidation. The breakout has been spectacular and has baffled many traders with the ferocity of the move. Gold hits record high at near $2200 an oz
India Gold hits all time high above Rs 66,000/10gms .Biggest weekly percentage rise since Mid October .Prices +4% over week, +8% on month. Traders see near 70% chance of 25bps rate cut. Catch Manisha Gupta with more details
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Gold hits all time high of $2,152/oz. India Gold surges at record above Rs 65000/10gms. Gold gained 19% in the last one year and 6% in the last one month. Catch Manisha Gupta in conversation with Surendra Mehta of IBJA as they discuss surging gold prices. Watch here
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Silver prices trade at a two-month high. Markets price in US Fed rate cuts in June. Support from Industrial metals, rising global equities. Global Silver industrial demand estimate for 2024. Catch Manisha Gupta in conversation with Renisha Chainani - Head of Research - Augmont gold as they discuss different ways to invest in Silver. Watch to know more
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It seems that the ‘bonanza’ period for Bitcoin is not showing signs of a halt. Bitcoin hits $68,800 level, nearly all time high. From what it’s understood, the cryptocurrency crossed the price mark for a second time within a week, since it was last recorded on February 28, 2024. Is the Crypto craze back? Catch Manisha Gupta with more details
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Natural Gas Prices Rise As Colder Weather Forecasts Increase Heating Demand. Upside remains limited due to record-high domestic natural gas production in US. Robust production has kept inventories well-supplied. Catch Manisha Gupta in conversation with Kunal Shah, Head of research commodities, Nirmal bang
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India, ranking as the third-largest global consumer and importer of oil, is actively pursuing a reduction in crude oil consumption by transitioning to eco-friendly alternatives like biofuels. The nation aims to increase the blending of ethanol with gasoline to 20% by 2025. The Assam biorefinery, developed at a cost of 40 billion rupees in collaboration with NRL and Finnish partners Chempolis and Fortum, marks India's pioneering use of bamboo as a feedstock. Catch Manisha Gupta in conversation with Bhaskar Phukan, Managing Director, India's Numaligarh Refinery and KPJ Reddy, Prof-IISc
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In November, gold continued its upward trajectory, marking its second consecutive monthly gain and reaching a seven-month high. The month saw a 2.7% rise in gold prices, following a substantial 6.8% surge in October. Copper is also in fovus as it touches 10 week high.. Catch Manisha Gupta in exclusive conversation with Ajay Kedia , Director , Kedia Commodities
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The markets started the session on a firm note and as the day progressed, the Index kept compounding its gains under the leadership of the Metal and select heavyweights to settle at 19,783.40 with gains of 89.40 points. Catch Yatin Mota on Bajar Gupshup.
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Silver imports were highly restricted, with only nominated agencies being allowed to handle them, as designated by RBI for banks and DGFT for other agencies. Refineries could also import silver doré under certain conditions.However, the new rules are more inclusive. Importation is now open not only through nominated agencies as identified by RBI (for banks) and DGFT (for other agencies) but also by qualified jewelers designated by the International Financial Services Centres Authority (IFSCA). These changes apply to imports through the India International Bullion Exchange (IIBX), where silver doré can still be imported by refineries. Catch Manisha Gupta in conversation with Ashok Gautam, MD & CEO , IIBX
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For the fiscal year (FY) 2022-23, bank credit jumped to Rs 3.43 lakh crore.
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Indian shares rose on Friday, led by metal stocks on China’s measures to support its housing sector, while risk aversion ahead of a key U.S. jobs report capped gains.
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The revised prices of different grades of manganese ore and other products are effective from August 1, 2023.
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Hindalco Industries (HNDL) is a global low-cost quartile aluminum producer, thanks to its fully integrated bauxite to aluminum business model and 100% captive power.
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The EU is introducing the carbon border adjustment mechanism (CBAM) from October 1 this year. CBAM will translate into a 20-35 per cent tax on select imports into the EU starting January 1, 2026.
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On the Multi Commodity Exchange, zinc contracts for February delivery traded lower by Rs 1.20 or 0.44 per cent at Rs 273.40 per kg in 1,060 lots.
