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13 Oct

Vodafone Idea shares drop 3% after AGR

Purbalee DuttaNews

On Monday, October 13, shares of Vodafone Idea Ltd. fell by 3% after the Supreme Court once again postponed hearing the company’s plea regarding additional adjusted gross revenue (AGR) dues. The Centre, represented by the Solicitor General, requested more time, prompting the court to defer the hearing to October 27, after Diwali. This marks the fourth deferral in a month. Timeline of PostponementsOn September 19, the Centre stated it didn’t oppose Vodafone Idea’s plea but emphasized a resolution was necessary. The hearing was pushed to September 26. On that day, the Solicitor General again requested time, and the hearing was…

11 Oct

Tata Capital IPO allotment status finalised

Purbalee DuttaNews

The highly anticipated initial public offering (IPO) of Tata Capital Ltd, a subsidiary of Tata Sons Pvt Ltd, saw moderate investor interest and has now concluded. The IPO bidding window was open from October 6 to October 8. The share allotment was finalized on October 9, and Tata Capital is set to be listed on both BSE and NSE on October 13. Following the allotment, equity shares will be credited to successful applicants' demat accounts, while refunds for unsuccessful bidders will be processed on October 10. Investors can check their allotment status on the BSE and NSE websites or through…

23 Sep

Gold prices hit record highs amid rupee depreciation

Business CorrespondentBusiness, News

New Delhi, Gold prices in the national capital rose by ₹2,700 to a new peak of ₹1,18,900 per 10 grams amid continued growth in global demand for safe havens, while the rupee hit a new low due to a hike in US H-1B visa fees. According to the All India Sarafa Association, gold of 99.9 percent purity had closed at ₹1,16,200 per 10 grams in the previous market session. In the local bullion market, gold of 99.5 percent purity rose by ₹2,650 to a record high of ₹1,18,300 per 10 grams (including all taxes). It had closed at ₹1,15,650 per…

22 Sep

Crude oil futures prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi: Crude oil prices rose by Rs 23 to Rs 5,550 per barrel in futures trade on Monday as participants increased their positions following strong spot demand. At the Multi Commodity Exchange, the price of crude oil for October delivery rose by Rs 23, or 0.42 percent, to Rs 5,550 per barrel with a turnover of 12,565 lots. Analysts said that crude oil prices rose in futures trade as participants increased their positions. Globally, West Texas Intermediate crude oil was trading 0.48 percent higher at $63.16 per barrel in New York, while Brent crude oil rose 0.57 percent to…

20 Sep

Metropolis Healthcare shares upgrade 5% after acquiring Ambika Pathology

Business CorrespondentBusiness, News

Metropolis Healthcare share price: Shares of Metropolis Healthcare rose 5.02% to an intraday high of ₹2,150 per share on the National Stock Exchange (NSE) on Friday, September 19. At around 3:04 pm, the stock was trading 4.01% higher at ₹2,129.20 per share. Metropolis said in a regulatory filing on Thursday that the diagnostic chain has completed the acquisition of Kolhapur-based Ambika Pathology Laboratory through a business transfer agreement, its fourth acquisition in the last 10 months. With the completion of this acquisition, Ambika Pathology has joined the Metropolis network. The filing further states that the company plans to develop the…

19 Sep

Copper futures increase on spot demand

Business CorrespondentBusiness, News

New Delhi, (News) - Copper futures rose 0.35 percent to Rs 912 per kilogram on Friday due to increased spot demand. At the Multi Commodity Exchange, copper contracts for October delivery rose by Rs 3.20, or 0.35 percent, to Rs 912 per kilogram, with a turnover of 4,653 lots. Analysts attributed the rise in copper prices to increased trading by participants.

18 Sep

Zinc futures prices downgrade due to weak demand | Price Analysis

Business CorrespondentBusiness, News

New Delhi: Zinc prices fell by 0.48 percent to Rs 281.25 per kg in futures trade on Thursday as speculators reduced their positions following negative cues from the spot market. At the Multi Commodity Exchange, zinc contracts for October delivery fell by Rs 1.35, or 0.48 percent, to Rs 281.25 per kg with a turnover of 1,739 lots. Analysts said that zinc prices were pressured by participants cutting their positions due to weak demand from consuming industries in the spot market.

17 Sep

Cottonseed oil cake futures prices increase on demand

Business CorrespondentBusiness, News

New Delhi: Cottonseed oil cake prices rose by Rs 2 to Rs 2,914 per quintal in futures trade on Wednesday as speculators created fresh positions amid strong demand. On the National Commodity Exchange (NCDEX), cottonseed oil cake contracts for December delivery rose by Rs 2, or 0.07 percent, to Rs 2,914 per quintal with a turnover of 12,560 lots. Market sources said the rise in cottonseed oil cake prices was mainly driven by participants increasing their bet sizes amid rising demand for animal feed.

16 Sep

Tyre industry revenue to increase 12 times by 2047

Business CorrespondentBusiness, News

New Delhi: Domestic tyre industry revenue is expected to grow 12 times to Rs 13 lakh crore by 2047, driven by premiumisation and increased exports, a report released on Tuesday said. Indian tyre industry production is expected to grow nearly four times by 2047, driven by a strong domestic original equipment manufacturer (OEM) sector, demand for replacement tyres and rapid growth in vehicle exports, according to a joint report by ATMA and PwC India. "During this period, revenue is expected to grow 12 times to Rs 1,300 thousand crore by 2047," the report said. The sharp rise in revenue growth…

15 Sep

India’s vegetable oil imports rose, palmolein declines

Business CorrespondentBusiness, News

New Delhi, India's vegetable oil imports in August rose 7 per cent to 16.77 lakh tonnes compared to the same month last year, despite a sharp drop in refined palmolein shipments following changes in import duty, industry body SEA said on Monday. Total vegetable oil imports stood at 15.63 lakh tonnes in August 2024. The country imported 16.21 lakh tonnes of edible oil and 55,821 tonnes of non-edible oils in August, the Solvent Extractors Association of India (SEA) said. Among edible oils, crude oil imports rose to 16.13 lakh tonnes in August, while refined palmolein shipments declined to 8,000 tonnes…