As demand outstrips supply and imports become expensive, black pepper prices have risen, prompting growers to resort to hoarding in anticipation of bigger profits. That in turn is increasing prices even more.
According to experts, companies do not appear to be making any changes to their work arrangements currently but many said they are open to reconsidering remote work if the situation worsens.
Spot gold was up 0.5% to $1,844.58 per ounce by 10:56 a.m. ET (1556 GMT) after hitting its highest since Feb. 15 earlier in the session. Prices have risen about 1.9% so far this week. U.S. gold futures rose similarly to $1,850.10
The country's coal output was at 681.5 MT in the year-ago period, as per provisional figures of the coal ministry.
The dollar index rose 0.557% after the Institute for Supply Management said its non-manufacturing PMI edged up to a reading of 56.9 last month from 56.7 in July, the second consecutive monthly increase after three months of declines.
Spot gold was down 0.2% at $1,706.70 per ounce as of 10:30 a.m. EST (1430 GMT), after hitting its highest since Aug. 30 at $1,726.49 in the Asia trading session.
Spot gold fell 0.2% to $1,743.89 per ounce by 09:49 ET (1349 GMT). It rose as much as 1% in the previous session.
Spot gold rose 0.9% at $1,750.59 per ounce by 10:33 ET (1433 GMT). Prices slipped in the last six sessions and hit $1,727.01 on Monday, the lowest since July 27.
The recent hike in retail milk price by Rs 2 per litre will limit the slide in profitability of the organised dairy sector to 50 basis points year-on-year this fiscal, despite a higher than anticipated rise in procurement prices and transport and packaging costs, Crisil Ratings said in a report.
The All India average retail price of wheat has risen by over 22 per cent to Rs 31.04 per kg as of August 22 compared to Rs 25.41 per kg in the year-ago period, according to the data maintained by the Consumer Affairs Ministry.
With Delhi witnessing an increase in swine flu cases, they have also advised people to follow the mask mandate and adhere to social distancing norms.
Consumer prices rose 9.4% this year through June, up from 9.1% the previous month, the Office for National Statistics said on July 20. The new figure is the highest since 1982, when inflation peaked at 11%.
Most of the cases were reported in Europe and Africa
The gross market borrowing of the state governments is likely to rise from Rs 3.7 trillion in 2016-17 to Rs 4.5 trillion in 2017-18 which would exert an upward pressure on state development loans (SDL) yields in the next fiscal, rating agency ICRA said.
Giving interest subsidy to micro and small enterprises (MSEs) can lead to nearly three-time rise in indirect taxes for the Government, according to a report by rating agency Crisil.
Indiabulls Housing Finance today reported a 25 percent rise in net profit at Rs 751 crore for the December quarter and said it has not been affected by the note-ban at all.
The start-up ecosystem in the country, which for long depended solely on angel investors and venture capitalists, has today been buoyed by a slew of initiatives, like the central government‘s Startup India. Along with R
Wholesale prices of vegetables in Delhi-NCR region have risen by 35-40 per cent in the last one month with supply being affected due to rains in several parts of the country, industry body Assocham said Tuesday.
Arundhati Bhattacharya, Chairman of State Bank of India (SBI) says non-performing assets (NPAs) to rise in Q4 as well, profitability will get impacted.
Infrastructure firm NCC on Thursday reported a huge jump in its consolidated net profit at Rs 51.98 crore for the quarter ended March 31, 2015.
During the April-February period of the last fiscal, the government had collected Rs 5.53 lakh crore under this head.
Wang Tao, a market analyst at Reuters, said Brent would test resistance at USD 63.40.
The company sold 4 056 units of the range it offers in South Africa, maintaining a consistent upwards sales trend with a four per cent increase on the previous year. "We are very happy with our performance in a very competitive market," said the CEO of Mahindra SA, Ashok Thakur.
Copper cathode production at its India unit fell about 6 percent to 82,000 tonnes in the second quarter. Mined metal production at its Zambia unit fell 26 percent to 34,000 tonnes.
Talking to CNBC-TV18, Anand Tandon, CEO, JRG Securities says the market is range bound, and as there are no obvious domestic or international triggers, there is no reason why there would be a significant rally. He says there is no reason Infosys should cut its FY14 revenue guidance of 6-10 percent.