Stay updated with the latest commodity news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on commodity topics.
New Delhi [India], April 9 (ANI): India's Basmati rice export sector has remained resilient despite tensions in the West Asia region, with exporters saying the impact of the conflict has been far less severe than initially feared due to alternative supply routes and timely policy support from the government. According to Dev Garg, Vice President of the Indian Rice Exporters Federation (IREF), the sector faced initial disruptions after the conflict began, but has since stabilised and is currentl ...Read More >
New Delhi, Apr 9: Silver prices declined by Rs 7,800 to Rs 2.43 lakh per kilogram in the national capital on Thursday, while gold fell to Rs 1.54 lakh per 10 grams as investors booked profits amid concerns over the durability of the fragile ceasefire in West Asia. Sharp decline in domestic bullion prices According to the All India Sarafa Association, the white metal depreciated by Rs 7,800, or 3.10 per cent, to Rs 2,43,200 per kg (inclusive of all taxes) from Wednesday's closing level of Rs 2, ...Read More >
New Delhi, Apr 9 (PTI) Silver prices declined by Rs 7,800 to Rs 2.43 lakh per kilogram in the national capital on Thursday while gold fell to Rs 1.54 lakh per 10 grams as investors booked profits amid concerns over the durability of the fragile ceasefire in West Asia. According to the All India Sarafa Association, the white metal depreciated by Rs 7,800, or 3.10 per cent, to Rs 2,43,200 per kg (inclusive of all taxes) from Wednesday's closing level of Rs 2,51,000 per kg. Gold of 99.9 per cent ...Read More >
New Delhi [India], April 9 (ANI): India's Basmati rice export sector has remained resilient despite tensions in the West Asia region, with exporters saying the impact of the conflict has been far less severe than initially feared due to alternative supply routes and timely policy support from the government. According to Dev Garg, Vice President of the Indian Rice Exporters Federation (IREF), the sector faced initial disruptions after the conflict began, but has since stabilised and is currentl ...Read More >
Maryland operations advancing with first patients seen following recent Medicaid and Medicare in-network expansion Dr. Suzanne Caccamese has been appointed Maryland Medical Lead, bringing clinical training from Penn State College of Medicine and academic and clinical leadership experience from Towson University, MedStar and the University of MarylandThe expansion underscores Rocket Doctor's U.S. growth strategy, advancing access to high-quality, technology-enabled care in underserved and high-de ...Read More >
New Delhi, Apr 9 (PTI) India's diversification of energy sources and enhancing access to critical minerals are crucial for the country's economy, but this shift has introduced new challenges, Tata Steel CEO and Managing Director T V Narendran said on Thursday. Addressing the AIMA Leadership Conclave, Narendran termed India's energy and critical minerals diversification move as a "layered vulnerability". "The challenge is obvious while we are diversifying our sources of energy and critical mine ...Read More >
DEFENCE MINISTER Rajnath Singh on Wednesday chaired the third meeting of the Informal Group of Ministers (IGoM), which was briefed about the easing of energy prices in the backdrop of the ceasefire that was agreed upon by Iran and the US on Wednesday after weeks of tensions in West Asia. In a statement issued late Wednesday, the Ministry of Defence said the Ministers in the IGoM - formed to take stock of India's readiness in view of the recent developments in West Asia - were informed that key ...Read More >
Mumbai, April 9 (SocialNews.XYZ) Gold and silver prices declined on Thursday despite fresh geopolitical tensions following reports of Israel attacking Lebanon's Hezbollah. On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 0.74 per cent or Rs 1,129 to Rs 1,50,647, hitting an intraday low at around 10:40 AM. The yellow metal was later trading at Rs 1,51,113, down Rs 663 or 0.44 per cent. It touched an intraday high of Rs 1,51,452. Meanwhile, silver futures (May 5) also ...Read More >
New Delhi [India], April 9 (ANI): The consumer durable industry is navigating a challenging period where top-line growth is likely to be offset by thinning margins and regulatory shifts. Q4FY26 is expected to be a soft quarter for the sector, due to modest demand and rising input costs, noted a report by Centrum. The report estimated that the sector will see a 9 per cent year-on-year sales growth, reaching Rs 480 billion for the quarter. "For Q4FY26, we expect our coverage universe to see 9% Yo ...Read More >
India's presence in global markets for apples, walnuts, almonds and saffron remains limited, with increasing import dependence and stagnant or declining exports, the Aayog said, in its report released on Wednesday. The Aayog said the mission project 'Operation Golden Greens' should be launched and implemented in a phased manner to improve the productivity of these commodities and make India globally competitive. NITI Aayog has proposed a mission project 'Operation Golden Greens' for horticultur ...Read More >
New Delhi: An informal group of ministers headed by Defence Minister Rajnath Singh on Wednesday reviewed India's preparedness in view of the continuing crisis in West Asia, with the government asserting that adequate stocks of fuel, fertilisers and foodgrains are being maintained to cushion any fallout. At the meeting of the Informal Empowered Group of Ministers (IGoM), the Centre said it was closely monitoring the evolving situation and had taken steps to ensure uninterrupted supplies of LPG, ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Informal Group of Ministers (IGoM), chaired by Defence Minister Rajnath Singh, held its third meeting to assess India's readiness in the face of the evolving situation in West Asia. The high-powered group reviewed measures to ensure energy security, food supply stability, and overall economic resilience. Defence Minister Rajnath Singh directed all ministries to remain vigilant and focus on preparedness, coordination, and resilience building. He stated t ...Read More >
Chennai: In a major trend reversal in price movements on the two-week ceasefire announcement, crude prices crashed 15 per cent and natural gas prices fell 3 per cent, while gold and silver rose by 2-4 per cent. Platinum and copper, too, gained from the development, while prices of some of the agricultural commodities like wheat and soyabean eased. Dollar index edged lower, and rupee made some gains. WTI crude plunged over 15% to below $95 per barrel after US President Donald Trump announced a t ...Read More >
Chennai: The announcement of a ceasefire in Iran has reversed trends in the commodity and currency markets. While gold, silver, platinum and copper have moved up, crude oil and natural gas prices have declined. The US dollar has weakened, and the rupee has made some gains. However, the reversal in commodity prices remains uncertain as the ceasefire and broader peace in West Asia lack clarity, says Jateen Trivedi, VP, Commodities and Currencies, LKP Securities. Q) The ceasefire announcement has ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent. RBI Governor Sanjay Malhotra shared the estimate during a press conference after the Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent. He added that the crude oil price assumption for FY 2027-28 is $75 per barrel. Also Read | Purple C ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent. RBI Governor Sanjay Malhotra shared the estimate during a press conference after the Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent. He added that the crude oil price assumption for FY 2027-28 is $75 per barrel. The projection follo ...Read More >
New Delhi [India], Apr 8 (ANI): Real estate developers and property consultants on Wednesday welcomed the Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent, saying the move will keep home loan rates stable and support housing demand amid global uncertainties. Industry players said the RBI's decision provides predictability for both developers and homebuyers at a time when construction costs remain under pressure due to global geopolitical tensions. Shrini ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
Consequently, the standing deposit facility (SDF) rate remains at 5 per cent and the marginal standing facility (MSF) rate and the bank rate remain at 5.5 per cent. The committee, which held its 60th meeting from April 6 to 8 under the chairmanship of RBI governor Sanjay Malhotra, also decided to continue with the neutral stance, the monetary policy statement released after the meeting said. Elevated energy and other commodity prices coupled with supply shock due to disruptions in the Strait o ...Read More >
The Reserve Bank of India forecasts a slowdown in India's GDP growth to 6.9% due to the West Asia crisis and global supply chain disruptions, impacting commodity prices and export routes. Photograph: Anushree Fadnavis/Reuters Key Points RBI projects India's GDP growth at 6.9% for the current financial year, lower than the previous estimate. Disruptions in key shipping routes due to the West Asia crisis are expected to adversely impact merchandise exports. Sustained momentum in the services sect ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India kept its key policy rate unchanged on Wednesday, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. The central bank's six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 5.25 per cent, flagging heightened uncertainty after the West Asia conflict drove crude prices sharply higher, weakened the rupee and di ...Read More >
New Delhi [India], April 8 (ANI): Real GDP growth for the current year is projected at 6.9 per cent, the Governor of Reserve Bank of India, Sanjay Malhotra, said on Wednesday. The Governor projected that the growth trajectory for the year showed a steady pattern across all four quarters. The central bank estimated first-quarter growth at 6.8 per cent, followed by 6.7 per cent in the second quarter. Projections for the third and fourth quarters stood at 7 per cent and 7.2 per cent, respectively. ...Read More >
The room air-conditioner industry anticipates a challenging summer. Rising costs from global events and delayed heat are impacting sales. Despite these hurdles, a double-digit growth is projected. Consumers might consider budget-friendly options. Demand is expected to pick up as summer progresses, with projections of above-normal temperatures in many areas. New Delhi, This summer season is not going to be easy for the room air-conditioners industry, as it faces several challenges, including ris ...Read More >
Stating that the city had 15.20 lakh domestic piped natural gas (PNG) connections, Gujarat State Petroleum Corporation Ltd (GSPCL) Managing Director Avantika Singh stated that people applying for new connections by June 30 were eligible for a discount of Rs 500. "There are 15.20 lakh domestic PNG (piped natural gas) connections in Surat city. The government is in constant coordination with oil and gas companies to ensure that they do not face any problems in obtaining a regular gas supply. In a ...Read More >
Mumbai, April 7: Stock market benchmark indices Sensex and Nifty ended higher on Tuesday, as a drop in crude oil prices and a rally in global markets calmed investors' sentiment. Also, buying in IT stocks aided recovery in the markets after early losses. The 30-share BSE Sensex jumped 509.73 points, or 0.69 per cent, to settle at 74,616.58. During the day, it hit a high of 74,686.32 and a low of 73,282.41, gyrating 1,403.91 points. The 50-share NSE Nifty climbed 155.40 points, or 0.68 per cent ...Read More >
As Puducherry heads for Assembly polls on April 9, the battle for its 30 seats is increasingly being shaped by competitive populism, with all three major players -- the ruling All-India NR Congress (AINRC)-led NDA, the Congress alliance, and actor Vijay's Tamilaga Vettri Kazhagam -- rolling out expansive welfare promises in a high-stakes triangular contest. At the forefront is the ruling AINRC alliance, though only the BJP among the constituents has unveiled a manifesto packed with voter-focuse ...Read More >
Government faces higher subsidy costs due to rising oil prices India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and ...Read More >
NEW DELHI: India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritize capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government sees as critical to su ...Read More >
New Delhi: India has decided to import crude oil from Venezuela after a gap of around 11 months. In April, Indian ports are expected to receive about 10 to 12 million barrels of crude oil from the South American country. This comes at a time when global energy markets are facing uncertainty. Move Driven By Supply Concerns The decision comes as tensions in West Asia, especially around the Strait of Hormuz, have disrupted oil supplies. India is now looking at alternative sources to ensure steady ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.