Edible oil duty cut may ease input costs for biscuit, noodle and snack makers BENGALURU: The cut in edible oil import duties could ease costs for makers of biscuits, noodles and fried snacks, but cheaper packs may not follow immediately. Analysts said the benefit would take time to flow through to manufacturers, with companies likely…
For the week ahead, crude oil, Treasury yields, Fed communication and US-Iran negotiations are likely to remain the principal drivers. Gold price prediction today: Gold prices are falling and multiple global factors are likely to continue adding pressure, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Let’s take a look:Gold…
Oil remains elevated as Trump rejects Iran proposal Oil prices rose on Monday as Middle East tensions kept markets on edge after US President Donald Trump rejected Iran’s proposal to end the conflict and reopen the Strait of Hormuz. With this, oil markets have continued to remain volatile for seven months now, since US and…
Gold remains under pressure as both bond yields and crude oil prices moved higher. Gold price crash today: The start of the week saw both the precious metals, MCX Gold and MCX Silver, crash on Monday as the rise in oil prices fuelled inflation worries and increased expectations that the US Federal Reserve could raise…
Both indices crashed over 1% amid the intensifying Iran-US conflict. Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmarks tanked in morning trade on Monday as persistently high crude oil prices and a spike in US bond yields added to investors’ woes. Both indices crashed over 1% amid the intensifying Iran-US conflict.While…
Rupee falls 20 paise against US dollar Rupee began Monday in red, slipping 20 paise to 95.95 against the US dollar in early trade. The decline came as a strengthening greenback, continued foreign fund outflows and elevated crude oil prices added pressure on the domestic currency amid the ongoing Middle East conflict.The currency began the…
Gold prices fell sharply on Monday, extending losses to more than 2%, as a surge in oil prices stoked inflation concerns and strengthened expectations that the US Federal Reserve could keep interest rates higher for longer.Spot gold fell 2.1% to $4,198.10 an ounce as of 9:35 am IST, putting it on track for its biggest…
Dalal Street began the week on a negative note, with BSE Sensex declining falling over 1% and NSE Nifty50 trading below the 22,900 mark. The sharp fall came as investors assessed rising crude oil prices, geopolitical cues and continued foreign selling.BSE Sensex fell 851.82 points, or 1.15%, to 73,043.92, while Nifty 50 declined 277.55 points,…
Aashirvaad eyes dairy growth in eastern India on rising demand for branded milk BENGALURU: ITC is strengthening its presence in the fresh dairy segment in Eastern India through its flagship Aashirvaad brand, betting on rising demand for branded milk and value-added dairy products across Bihar, West Bengal and Jharkhand. The diversified conglomerate entered the fresh…
The UFBU agreed to defer the agitation programmes and strike actions that had been planned, its statement said. Bank customers dreading a delay in transactions due to the proposed three-day bank strike have reason to cheer as the United Forum of Bank Unions (UFBU) has decided to defer the move.This means that all banks across…
