Latest Updates Around The World
Noel Tata, Chairman of Tata International Global commodities trading house Mercuria will form a joint venture with Tata International to expand its presence in India and help the conglomerate trade a diversified basket of commodities, the pair said in a statement on Friday. “By combining the reach and credibility of Tata International with the global […]
Domestic copper prices rose 1.6% to touch a day’s high of Rs 1,334.70 on Tuesday, inspired by international red metal prices hitting a new record high after supply concerns surfaced following disruptions at new mines.The strike at Capstone Copper’s copper and gold mine in Mantoverde in northern Chile has fueled supply problems, Reuters reports. In […]
After being trapped within a narrow trading band for several weeks, silver appears to be preparing for another potential breakout. After a sharp rally earlier this year from $37 to $54, prices consolidated within a wide range between $46 and $54.This prolonged consolidation phase is now attracting renewed attention from market participants, especially as global […]
Groww posted strong revenue growth and sharp margin expansion last quarter, with operating margins reaching nearly 60%, thanks to its predominantly fixed-cost model, said Ishan Bansal, co-founder and CFO of Groww, in an interview with ET Now. 90% of the costs are fixed: turnover growth flows directly to the operating result Bansal explained that roughly […]
Gold and silver prices rose marginally in early trading on Wednesday, November 19, breaking their two-day losing streak this week, even as fading hopes for a US interest rate cut continued to dampen sentiment for the precious metals. Attention now turns to the delayed US jobs figures due tomorrow. The lack of new data for […]
Domestic copper prices fell on Tuesday, following international market prices in early trade, amid concerns about a slowdown in manufacturing activity in key consumer country China. Additionally, a stronger dollar weighed on sentiment, with the dollar index hovering around 100 against a basket of six major currencies.The November copper contracts on the MCX were trading […]
