Business

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.

New Delhi: Coriander prices rose by Rs 14 to Rs 7,682 per quintal in futures trade on Tuesday as speculators increased the size of their deals following a firm trend in the spot market. At the NCDEX, the price of coriander contract for September delivery rose by Rs 14, or 0.18 percent, to Rs 7,682 per quintal with a turnover of 9,380 lots. Market analysts said coriander prices rose due to a firm trend in the spot market and restricted supplies from producing regions.

New Delhi: Zinc prices on Monday rose by Rs 1.95 to Rs 273.25 per kg in futures trade amid a rise in spot demand. At the Multi Commodity Exchange, the price of zinc contract for September delivery rose by Rs 1.95, or 0.72 per cent, to Rs 273.25 per kg in a business turnover of 3,446 lots. Zinc prices rose in futures trade as participants increased their deal sizes following a rise in demand from consumer industries, market sources said.