Business

New Delhi, May 16: Petrol consumption rose nearly 10 percent in the first fortnight of May, as summer travel boosted fuel demand, according to provisional sales data from state-owned fuel retailers.Petrol consumption rose to 1.5 million tonnes during May 1-15, as against 1.37 million tonnes sold a year ago. Its demand was 10.5 percent higher than the 1.36 million tonnes consumed during May 1-15, 2023, and nearly 46 percent higher than the Covid-hit first fortnight of May 2021. Diesel sales rose 2 percent to 3.36 million tonnes, data from three state-owned fuel retailers that control nearly 90 percent of the fuel market showed. Consumption of the most widely used fuel in India has risen again from the previous month.Demand for diesel, the lifeline of transport and the rural agricultural...

New Delhi, May 16: Silver prices rose marginally by Rs 15 to Rs 96,520 per kg in futures trade on Friday as participants increased their bets. At the Multi Commodity Exchange, the price of silver contracts for July delivery rose marginally by Rs 15, or 0.02 percent, to Rs 96,520 per kg in a business turnover of 20,481 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.61 percent lower at $32.44 per ounce in New York.

New Delhi, May 15: Passenger vehicle deliveries from factories to company dealerships in the country witnessed a 4 percent rise in April to 3,48,847 units, industry body SIAM said on Thursday.The dispatch stood at 3,35,629 units in April last year.However, total two-wheeler deliveries declined 17 percent year-on-year to 14,58,784 units in April, SIAM said in a statement.Wholesale sales of bikes, scooters and mopeds stood at 17,51,393 units in April 2024.

New Delhi, May 14: Guar gum prices rose marginally to Rs 9,761 per quintal in futures trade on Wednesday as speculators increased their deal size amid strong spot demand.Guar gum contracts for June delivery rose marginally by Rs 1, or 0.01 percent, to Rs 9,761 per quintal on the National Commodity and Derivatives Exchange, with open interest of 49,480 lots.Analysts said traders increased their deals in view of strong spot market trend, which led to rise in guar gum prices.

Tata Steel Q4 results: Steel giant Tata Steel Ltd will announce its earnings for the quarter ended March 2025 on Monday, May 12. In an exchange filing, the firm said its board meeting will be held on Monday to "consider and approve the annual audited financial results of the company for the period ended March 2025 and dividend/other business". The Mumbai-headquartered company said it will hold its earnings discussion call for investors and analysts on Tuesday, May 13, from 2 pm to 3:30 pm to discuss Q4 and FY25 results. Tata Steel Q4 results: Date and timeFor the past three quarters, the Tata Group firm has been announcing its results after market close. However, it has not given any specific timing. Tata Steel share priceThe stock is trading 3.35% higher at ₹147.56 at 11:25 a...

New Delhi, May 12: Copper futures rose 0.06 percent to Rs 855.50 per kg on Tuesday due to increased spot demand.Copper contracts for June delivery rose 55 paise, or 0.06 percent, to Rs 855.50 per kg on the Multi Commodity Exchange in a business turnover of 949 lots.Analysts attributed the rise in copper prices to higher bets by participants.

New Delhi, Bakery foods company Britannia Industries Ltd has reported a 4.2 percent rise in consolidated net profit to Rs 559.13 crore for the March quarter of FY25 despite weak demand and challenging operating environment.According to a regulatory filing by Britannia Industries late on Thursday, the company had reported a net profit of Rs 536.61 crore in the same quarter a year ago.Britannia Industries' revenue from product sales rose 9 percent to Rs 4,375.57.30 crore in the March quarter.Its revenue from operations rose 8.9 percent to Rs 4,432.19 crore in the March quarter from Rs 4,069.36 crore in the same period last year.Commenting on the results, Vice Chairman and Managing Director Varun Berry said, “With high single-digit price growth of 9 percent during the last quarter of the yea...

New Delhi, May 9: Gold prices on Friday rose by Rs 220 to Rs 96,388 per 10 grams in futures trade as speculators created fresh deals amid strong spot demand.Gold contracts for June delivery on the Multi Commodity Exchange rose by Rs 220, or 0.23 percent, to Rs 96,388 per 10 grams in a business turnover of 14,385 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures in New York rose 0.55 percent to $3,323.89 an ounce.