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Aluminium futures prices increase marginally
12 Jun

Aluminium futures prices increase marginally

Business CorrespondentBusiness, News
New Delhi, June 12: Aluminium prices on Thursday rose marginally by 45 paise to Rs 243.45 per kg in futures trade as speculators created fresh positions amid positive trend in the spot market. Aluminium contracts for July delivery rose by 45 paise, or 0.19 percent, to Rs 243.45 per kg on the Multi Commodity Exchange in a business turnover of 1,166 lots. Analysts said fresh positions created by traders amid demand from consumer industries supported aluminium prices in the futures market.
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Gold futures prices inflation due to spot demand
11 Jun

Gold futures prices inflation due to spot demand

Business CorrespondentBusiness, News
New Delhi, June 11: Gold prices rose by Rs 154 to Rs 97,056 per 10 grams in futures trade on Wednesday as speculators created fresh deals due to strong spot demand. On the Multi Commodity Exchange, the price of gold contracts for August delivery rose by Rs 154, or 0.16 percent, to Rs 97,056 per 10 grams in a business turnover of 13,323 lots. Analysts said fresh buying by participants led to the rise in gold prices. Globally, gold futures rose 0.49 percent to $3,359.90 an ounce in New York.
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Two-wheeler sales to upsurge 8-9% in FY26
10 Jun

Two-wheeler sales to upsurge 8-9% in FY26

Business CorrespondentBusiness, News
Mumbai, June 10 Domestic two-wheeler sales are expected to grow 8-9 percent this fiscal, surpassing pre-Covid-19 levels, a report said on Monday. This includes several other factors including moderating inflation and the possibility of a favourable monsoon.The CareEdge Ratings report also mentioned that the domestic two-wheeler industry has maintained a healthy growth of 8 percent, 10 percent and 11 percent in FY23, FY24 and FY25, respectively.Sales growth in FY25 was supported by a 21 percent export recovery and a 9 percent growth in domestic sales. It said the improvement in exports was led by stability in key markets impacted by…
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Maharashtra and Karnataka drive FDI jump with 51% share in FY25
09 Jun

Maharashtra and Karnataka drive FDI jump with 51% share in FY25

Business CorrespondentBusiness, News
Maharashtra and Karnataka have emerged as the top destinations for foreign direct investment (FDI) in India during FY2024-25, accounting for more than half of the country's total inflows, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).Maharashtra topped the FDI table with foreign inflows of USD 19.6 billion, accounting for 31% of India's total FDI during April-March FY2025.Karnataka stood second with foreign investments of USD 6.62 billion, helping the two states collectively grab 51% of the total inflows. DPIIT data shows Delhi ranked third with USD 6 billion, followed by Gujarat (USD 5.71 billion),…
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Silver futures price gain: Prices rise in India
07 Jun

Silver futures price gain: Prices rise in India

Business CorrespondentBusiness, News
New Delhi, June 6: Silver prices rose by Rs 80 to Rs 1,01,460 per kg in futures trade on Thursday as participants increased their bets. At the Multi Commodity Exchange, the price of silver contracts for July delivery rose by Rs 80, or 0.08 percent, to Rs 1,01,460 per kg in a business turnover of 17,560 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.10 percent lower at $34.46 per ounce in New York.
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Coforge shares increase 2% on record date for 1:5 stock split
06 Jun

Coforge shares increase 2% on record date for 1:5 stock split

Business CorrespondentBusiness, News
Coforge stock split: Coforge shares rose nearly 2% on the National Stock Exchange (NSE) on Wednesday to hit an intra-day high of ₹1,730. However, on some platforms, the stock price saw a drop of nearly 80%. This is due to Wednesday, June 4, being the pre-split date for the company's stock split proposal. In early May, the IT company fixed June 4, 2025, as the record date to determine the "rights of equity shareholders for the purpose of subdivision or division of the existing equity shares of the company". The board of directors of Coforge had given the green signal…
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Coal transportation growth: 34% increases in FY25
05 Jun

Coal transportation growth: 34% increases in FY25

Business CorrespondentBusiness, News
New Delhi, June 5 State-owned CIL on Thursday said eco-friendly coal transportation grew 34 percent year-on-year to 102.5 million tonnes in FY25. This was made possible through 20 First Mile Connectivity (FMC) projects connected to the Indian Railways network. In comparison, it was 76.5 MT through 17 such projects in FY24, Coal India Ltd (CIL) said in a statement. A total of 19 FMC projects with a capacity of about 150 million tonnes per annum are planned to be commissioned during FY26. The FMC initiative is an automated coal evacuation process that ensures eco-friendly coal transportation from the mine to…
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Aluminium futures prices increase on speculators’ bets
04 Jun

Aluminium futures prices increase on speculators’ bets

Business CorrespondentBusiness, News
New Delhi, June 4 Aluminium prices rose by Rs 2.05 to Rs 242.55 per kg in the futures market on Wednesday as speculators created fresh deals amid a positive trend in the spot market. The price of aluminium contract for July delivery rose by Rs 2.05, or 0.85 per cent, to Rs 242.55 per kg on the Multi Commodity Exchange in a business turnover of 415 lots. Analysts said fresh bets by traders amid demand from consumer industries supported aluminium prices in the futures market.
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Cottonseed cake futures prices gain on higher demand
03 Jun

Cottonseed cake futures prices gain on higher demand

Business CorrespondentBusiness, News
New Delhi, Cottonseed cake prices rose by Rs 14 to Rs 2,987 per quintal in futures trading on Monday as speculators created fresh deals amid higher demand. The price of cottonseed cake contract for June delivery on NCDEX rose by Rs 14 or 0.47 percent to Rs 2,987 per quintal in which 84,000 lots were traded. Market sources said cottonseed cake prices rose mainly due to participants increasing the size of their deals amid rising demand for animal feed.
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Ola Electric share price drops nearly 10%, net loss widens to ₹870 crore, revenue drops 62%
31 May

Ola Electric share price drops nearly 10%, net loss widens to ₹870 crore, revenue drops 62%

Business CorrespondentBusiness, News
Shares of electric two-wheeler maker Ola Electric Mobility fell nearly 10% on Friday, May 30, a day before the company released its financial results for the fourth quarter of FY2024-25. The stock fell 9.72% to ₹48.06 on the National Stock Exchange (NSE). At 11:02 am, it was down 5.4% at ₹50.35 per unit. Ola Electric reported a consolidated net loss of ₹870 crore in the fourth quarter of FY2025 as against a net loss of ₹416 crore in the same quarter a year ago. The company said it is targeting profitability in the current financial year. Revenue from operations declined…
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