Good monsoon, larger sowing area, bumper crops. As on 30 July, 2020, actual rainfall received in the country is 447.1 mm against normal of 443.3 mm, a 1 per cent rise in two months of this year against the same period last year. As per a report from the Central Water Commission (CWC), the live […]
Gold is now at an all time high of $1,922 – a level last seen on September 6 2011. This rise has been complemented by strength (at last) in silver, up 39% in the last few weeks, and by bitcoin which breached the important $10,000 level. Still, gold remains the ultimate hedge against uncertainty. The […]
In a bleak post covid manufacturing environment, India’s metals sector appears to be holding steady in the near term, thanks to surprisingly robust export demand. Production of metals and metal products is expected to be moderate during the first quarter of this fiscal year, while capacity utilisation during the period is in line with the year […]
At the RIL annual general meeting held last week, Chairman Mukesh Ambani said that there might be a delay in the proposed deal with Saudi Aramco, raising concerns if the Reliance Industries-Saudi Aramco transaction is less desirable now. “Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed according to […]
The global economy is bleeding thanks to the COVID-19 pandemic that continues to spread and kill people in thousands across the world, hitting newer countries and sometimes reappearing for a second wave in places it was believed to have walked away from after its earlier dance of destruction. However, there is a ray of hope […]
Gold has had a sizzling run since last year, rising by over 25% through 2019 and then adding another 17% since the start of the year till date. As the Covid-19 pandemic has prompted a widespread reassessment of global economic prospects, investors have rotated into safe-haven assets, including gold, the World Gold Council said in a recent […]
Oil prices have surged to two-month highs – $31 a barrel yesterday – on growing signs of a rebound in oil demand, as the easing of lockdowns spread worldwide. At its peak in April, global lockdown measures affected around 3.9 billion people. But an estimated 3.7 billion people are now living in areas that are experiencing […]
India’s Finance Minister Nirmala Sitharaman recently announced a slew of reforms and financial initiatives to kickstart the economy ravaged by the Covid -19 pandemic and subsequent lockdown of the country. As part of the government’s stimulus package, a one-time liquidity injection of Rs 900 billion has been earmarked for power distribution companies (discoms), which have […]
Gold prices hitting the roof with each bad news during this pandemic crisis is evident. The well-accepted theory that the yellow metal shines when real interest rates are very low or even negative is coming true for gold. So far this year, the gold price has gone up by over 12% on the back of a surge in […]
The COVID-19 virus shows all indications of disrupting every individual’s life habits. While social isolation is largely voluntary so far, the fear of the disease is also coercing some to ostracise others who may show related symptoms, Pawanexh Kohli writes. The helplessness factor has also initiated a blame-game of sorts, with a few even allocating […]
