Business

New Delhi Crude oil prices rose by Rs 46 to Rs 5,537 per share in trade on Tuesday following strong demand and an increase in the size of your claim. The price of crude oil contract for September stock on the Multi Commodity Exchange rose by Rs 46 or 0.84 per cent to Rs 5,537 per share in a turnover of 10,542 lots. "Geopolitical tensions, especially the Ukraine-Russia conflict, have led to a sharp rise in crude oil volumes in Taiwan," Mirae Asset Sharekhan research said. On the market outlook, he said, "Crude oil production in overseas industry is expected to trade in a limited range of $60-65 per share, and the bearish trend will remain till the end of the year as long as supply risks are contained." As demand soared, Asia has become an attractive region - India's crude portf...

New Delhi, Copper futures prices rose 0.11 percent to Rs 904 per kg on Monday due to increased spot demand. At the Multi Commodity Exchange, copper contracts for October delivery rose by Rs 1 or 0.11 percent to Rs 904 per kg in a business turnover of 1,703 lots. Analysts attributed the rise in copper prices to higher bets by participants.

Vodafone Idea shares jumped nearly 13%, the biggest jump in a day since April 1. It reached an intraday high of ₹ 7.45 per share. There are reports that the central government is looking for an investor who is willing to invest about ₹ 8,800 crore in this debt-ridden telecom company. The Economic Times quoted sources related to the matter as saying that the central government will invest about $ 1 billion (₹ 8,800 crore) to help the telecom company by buying 12-13% stake in Vodafone Idea. The report further said that promoter Aditya Birla Group (ABG) and UK's Vodafone will have the option to sell their stake, as the government wants to stay invested for some more time. Currently, the government holds a 48.99% stake in the debt-ridden company, which has converted some of its past ...

New Delhi: Guar gum prices rose by Rs 14 to Rs 9,393 per quintal in futures trade on Thursday as speculators increased their deal size amid strong spot demand. At the National Commodity and Derivatives Exchange, the price of guar gum contract for October delivery rose by Rs 14, or 0.15 per cent, to Rs 9,393 per quintal in a business turnover of 39,395 lots. Analysts said that tracking the strong spot market trend, traders increased their deal size, leading to a rise in guar gum prices.

New Delhi: Cottonseed oil cake prices rose by Rs 3 to Rs 2,962 per quintal in futures trade on Wednesday as speculators created fresh positions amid rising demand. At the NCDEX, cottonseed oil cake contracts for December delivery rose by Rs 3, or 0.10 per cent, to Rs 2,962 per quintal with a turnover of 3,280 lots. Market sources said cottonseed oil cake prices rose mainly as traders increased their positions amid rising demand for animal feed.