Business

New Delhi: Vedanta shares fell more than 1 percent on Wednesday after the National Company Law Tribunal (NCLT) postponed the hearing on the company's ambitious disinvestment proposal until October 8. The Ministry of Petroleum and Natural Gas had objected to the plan, citing lack of necessary disclosures. The company's shares fell 3.78 percent to ₹443.90 during the day's trading on the BSE. Later, it recovered some of its losses and closed at ₹456.05 per share, down 1.15 percent. On the NSE, the company's shares fell 1.11 percent to close at ₹456.15 per share. During the day's trading, the company's shares fell 3.75 percent. The NCLT's Mumbai bench also directed Vedanta and the ministry to submit written arguments within five days. The Ministry of Petroleum and Natural Gas's la...

New Delhi, Guar gum prices rose by Rs 16 to Rs 9,311 per quintal in futures trade on Tuesday 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 16, or 0.17 per cent, to Rs 9,311 per quintal in a business turnover of 50,010 lots. Analysts said that in view of the strong spot market trend, traders increased their deal size, leading to a rise in guar gum prices.

New Delhi, Crude oil prices rose by Rs 36 to Rs 5,562 per barrel in futures trade on Monday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for October delivery rose by Rs 36 or 0.65 per cent to Rs 5,562 per barrel in a business of 8,064 lots. Analysts said crude oil prices rose in futures trade as traders increased the size of their deals. Globally, West Texas Intermediate crude was trading 0.38 per cent higher at $62.93 per barrel in New York, while Brent crude rose 0.36 percent to $67.23 per barrel.

Shares of HFCL gained over 4% on Friday, September 12, after the State Investment Promotion Board approved the acquisition of 1,000 acres of land in Andhra Pradesh for setting up defence manufacturing facilities. The Andhra Pradesh Industries and Commerce Department has announced that the State Investment Promotion Board has approved the company's proposal to acquire 1,000 acres of land in Madakasira mandal of Sri Sathya Sai district for setting up defence manufacturing facilities. In the first phase, Andhra Pradesh Industrial Infrastructure Corporation Limited (APIICL) will provide 329 acres of land. Further, in the next phase, another 671 acres of land will be allotted. The proposed facilities will manufacture artillery shells, TNT-filled warheads, multi-mode hand grenades and ...

New Delhi, Copper futures on Friday rose 0.53 percent to Rs 923 per kg on increased spot demand. At the Multi Commodity Exchange, copper contracts for October delivery rose by Rs 4.90, or 0.53 per cent, to Rs 923 per kg in a business turnover of 2,303 lots. Analysts attributed the rise in copper prices to higher bets by participants.

New Delhi, Gold prices fell by Rs 226 to Rs 1,08,760 per 10 gram in the domestic futures market on Thursday following weakness in the international market. On the Multi Commodity Exchange (MCX), the most-traded gold futures for October delivery fell by Rs 226, or 0.21 percent, to Rs 1,08,760 per 10 gram in a business turnover of 16,883 lots. "Gold prices have fallen below the Rs 1,09,000 level in the domestic market due to profit booking as investors booked nearly 10 percent gains in just two weeks," said Deveya Gaglani, senior research analyst (commodities) at Axis Securities. Besides, silver futures for December delivery on MCX fell by Rs 478, or 0.38 percent, to Rs 1,24,702 per kg. Globally, gold futures for December delivery on Comex were trading 0.38 percent lower at $3,6...

New Delhi, Silver prices continued to rise in the domestic futures market on Wednesday and rose by Rs 671 to Rs 1,25,132 per kg on rising tensions in the Middle East and a weak US dollar. At the Multi Commodity Exchange, futures prices of this white metal for December delivery rose by Rs 671 or 0.54 per cent to Rs 1,25,132 per kg in a business of 17,714 lots. According to commodity market experts, silver prices continued to rise amid rising tensions in the Middle East region after Israel's attack on Hamas senior leadership in Doha, Qatar. "Traders will be focused on US macroeconomic data, including producer price inflation data to be released later and consumer price inflation data to be released on Thursday, which may provide guidelines for the Federal Reserve's interest rate cy...