Crude oil prices were up last week. Despite the sell-off in the last two sessions, oil prices ended up positive on a weekly basis. Brent crude oil futures on the Intercontinental Exchange (ICE) ($69.70/barrel) was up 3 per cent and the crude oil futures on the MCX (₹5,887/barrel) gained 4.2 per cent. Brent futures ($69.70) Brent … Read more
Gold steadied last week whereas silver depreciated. Gold ($3,363/ounce) was up 0.8 per cent but silver ($37/ounce) lost 3 per cent. Similarly, in the domestic market, gold futures (Oct) (₹99,754/10 gm) gained 1 per cent whereas silver futures (Sep) (₹1,10,258/kg) was down 2.5 per cent. MCX-Gold (₹99,754) The October gold futures was largely flat until … Read more
Union Commerce & Industry Minister Piyush Goyal said in a series of social media posts that he held meetings with the textiles, steel producers in Mumbai and those from the engineering goods sector to discuss strategies for exports. In a post on X, Goyal said, “Held an engaging and forward-looking interaction with the champions of … Read more
The performance of FMCG companies in Q1 FY26 was adversely impacted by erratic weather and unseasonal rains, which affected key summer-centric categories. | Photo Credit: iStockphoto The performance of Fast-moving consumer Goods (FMCG) makers was affected by erratic weather conditions and unseasonal rains in Q1 FY26. While analysts projected an impact on the summer portfolio … Read more
The 25 per cent US tariff on Indian exports places domestic auto component industry and tyre makers in an unfavourable position as compared with Asian peers like Japan, Vietnam, and Indonesia, which face lower duties, rating firm Icra said on Saturday. The US administration has announced imposition of the tariff on all goods coming from … Read more
U.S. President Donald Trump boards Air Force One on his way to New Jersey from Joint Base Andrews, Maryland, U.S., August 1, 2025. | Photo Credit: REUTERS/Ken Cedeno United States President Donald Trump on Friday (local time) suggested that India may cease purchasing Russian oil, calling it “a good step” if confirmed, while India has … Read more
Cost of materials consumed during the period witnessed a 15.31 per cent y-o-y increase at ₹6,171.10 crore. | Photo Credit: REUTERS ITC Ltd on Friday posted a marginal year-on-year (y-o-y) decline in its standalone net profit in the first quarter (Q1) of this fiscal at ₹4,912.36 crore, as profitability of its non-cigarette FMCG business, and … Read more
The Central Electricity Regulatory Commission (CERC) has initiated ‘market coupling’ of electricity prices on power exchanges — to what end, is less than clear. Under ‘market coupling’ the price at which electricity will be traded will be common for all the exchanges; a market coupling operator (MCO) will aggregate orders from all the power exchanges … Read more
Soyabean acreages are up by about 2 per cent in kharif 2025 at 119.69 lakh hectares, according to the trade body – Soyabean Processors Association of India (SOPA). This increase is mainly witnessed in parts of Maharashtra and Karnataka, offsetting a marginal decline in Madhya Pradesh, where a section of farmers have switched over to … Read more
President Donald Trump unveiled a slew of new tariffs that boosted the average US rate on goods from across the world, forging ahead with his turbulent effort to reshape international commerce. The baseline rates for many trading partners remain unchanged at 10 per cent from the duties Trump imposed in April, easing the worst fears … Read more