Commodity trading in India primarily takes place through the Multi Commodity Exchange (MCX), which facilitates trading in precious metals, base metals, energy, and agricultural commodities. Like equity markets, the MCX also remains closed on certain days due to public holidays, religious observances, or government-mandated non-working days. These MCX holidays play a crucial role in shaping [...]
For years they tiptoed around each other but now the groups led by billionaires Mukesh Ambani and Gautam Adani will for the first time be in direct competition when they later this month participate in the auction of airwaves capable of providing fifth generation or 5G telecom services. But the rivalry between the two politically [...]
Steel product prices -- which were continuously rising in the domestic market -- are expected to fall by 10-15 per cent due to duty-related measures taken by the government, industry body Engineering Export Promotion Council (EEPC) on Monday said. Reacting to the government's move to levy export duty on some steel items, EEPC India Chairman [...]
Foods & Inns Limited, one of the largest pioneers of food processing industry in India has announced robust financial numbers in FY22. HIGHLIGHTS OF STANDALONE BUSINESS Standalone Financials FY22 vs FY21 (Y-o-Y basis) 1. The Revenue from Operations of the Group has increased to INR 616.49 Crores from INR 356.57 Crores in FY'21. The Revenue [...]
Gold price declined Rs 360 to Rs 50,127 per 10 grams in the national capital on Friday, reflecting an overnight slump in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal ended at Rs 50,487 per 10 grams. Silver fell Rs 252 to Rs 58,916 per [...]
Crude oil prices on Friday rose by Rs 87 to Rs 8,261 per barrel as participants widened positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 87 or 1.06 per cent at Rs 8,261 per barrel in 5,601 lots. Analysts said the raising of [...]
New Delhi, May 12 (PTI) Crude oil futures on Thursday dropped by 1.57 per cent to Rs 8,027 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for May delivery fell by Rs 128 or 1.57 per cent to Rs 8,027 per barrel with a business volume [...]
