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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...

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.

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.