Commodities

Commodities Recent News

Commercial LPG Cylinders Get Cheaper By Nearly ₹100
|These prices are adjusted on the first day of each month. After the last hike on March 1, prices went down by ₹91.50 per cylinder in April, ₹171.50 in May and ₹83.50 in June.
Reliance Fine Relief, Ola Electric's Losses, Vedanta Chip Partner And More: Top Stories From Weekend You Can't Miss
|Here are all the top stories from over the weekend to start a new week.
Petrol And Diesel Prices Could Climb Again — Thanks To Russia
|India's refiners could face higher costs for importing oil if Russia implements quotas on oil exports.
India Bans Most Rice Exports: What It Means For Prices Of Your Meals
|The ban may reduce India's local rice prices, but could potentially increase global costs, especially as climate changes and geopolitical tensions in the Black Sea region already threaten crop yields.
HCL Group Plans $300M Foray into Semiconductor Sector: Report
|The group is reportedly preparing to submit a proposal to the Centre to establish an assembly, testing, marking, and packaging (ATMP) unit for semiconductors, with the project estimated to cost between $200 million-$300 million.
India Opts Out of Imposing Anti-Subsidy Tax On Some Chinese Steel Imports
|CVDs are additional taxes imposed on imported goods that are subsidised in their home country, thus potentially damaging the industries in the importing country.
India Tightens Rules on Gold Jewellery Imports to Plug Trade Loopholes: Report
|The government has moved the import of gold articles from the free category to the restriction category.
Reliance, Adani Total Gas May Spend Up To ₹5,000 Cr On Biogas Plants
|RIL plans to set up five CBG plants in Gujarat and five in other locations across the country.
Foxconn Likely On Hunt For Fresh Semiconductor Partner As Vedanta Battles Debt
|Government officials, worried about Vedanta Group's financial stability, have reportedly suggested that Foxconn find a new partner.
India, US Agree To Drop 6 WTO Disputes Amid Modi Visit
|As part of the resolution, India has agreed to scrap tit-for-tat tariffs on specific U.S. products, including chickpeas, lentils, and other goods.
Debt-Ridden Vedanta May Sell Tamil Nadu Copper Plant For ₹4,500 Cr
|The group had sought expressions of interest for the plant in June 2022 but did not receive satisfactory bids.
Why Are Coal India Shares Falling After This Government Move?
|In an earlier OFS this month, the government raised ₹4,185 crore by selling a 3% stake in Coal India, resulting in its ownership declining to 63.13%.
Reliance Power Sweetens Debt Settlement Offer For Vidarbha's Lenders
|CFM ARC recently upped its offer to ₹1,220 crore, and Reliance Power revised its offer to ₹1,260 crore, with support from Varde Partners, which acquired a 15% equity stake in the firm by investing ₹930 crore in September last year.
Feathers Ruffled: Expect To Pay Sky-High Prices For Chicken This Summer
|Several factors contribute to this price surge, including increased summer demand for animal protein, a 45-day fishing ban in Kerala, and the high cost of mutton.
India's Bid To Scrap US Tariffs On Steel, Aluminium Likely To Fall Flat
|India is reportedly unlikely to get the US to roll back tariffs on steel and aluminium during Prime Minister Narendra Modi's planned visit to Washington later this month.
Coal India's Massive Mine Expansion In Trouble From Local Protests
|The Gevra coal mine in March hit an output of 50 million tonnes, making it one of the most productive coal mines in Asia. The expansion to 70 million tonnes would set it up to be one of the largest in the world.
India's Chip Ambitions Hit Another Snag: This Time An Intel Takeover Is To Blame
|The development arrives at a time when simultaneously, a joint venture between India's Vedanta and Taiwan's Foxconn to build a $19.5 billion (₹1,60,796 crore) local chip manufacturing unit is progressing slowly.
Anil Agarwal's Chipmaking Plans Set To Suffer Major Setback
|The rejection could add to Vedanta Group's woes as its mining unit scours for funds to pay back debt worth $500 million by the end of this month and another $2 billion in 2024.
SGX Nifty Is Moving To GIFT City: What Changes For Traders?
|The SGX Nifty, a derivative of the Nifty, will be renamed as GIFT Nifty from July 3.
Why Value Investor D. Muthukrishnan Is Not Convinced With Reliance's FMCG Entry
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Planning To Buy Gold Even As It Hits Record Highs? Legendary Investor Mark Mobius Says Think Again
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Jindal Steel And Power Surges After Q3 Report: Analyst Says 'Exciting Prospects Ahead'
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