Lockdown relief to agricultural activities lifts sentiment of farmers and investors

The ease of lockdown for farmers and agricultural sector has made not only farmers happy, investors were thrilled too by the government’s move. Stocks of agriculture-related firms — such as fertilisers, chemicals, seeds, and equipment makers — were on the up, after the government provided relaxation to farming and rural activities after April 20. The […]

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Chinese commodities traders bet on metals, oil as uncertainty rises

Investors are breaking trading records on China’s commodities exchanges looking towards metals and energy futures products such as stainless steel, tin and crude oil, as they hedge risks amid the global coronavirus outbreak or take speculative positions. Activity has soared over the past month, pushing open interest and trading volumes in the futures markets to […]

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BPCL buys 2 million barrels extra oil as Saudi cuts price, plans to hike output

Indian refiner Bharat Petroleum Corp has bought 2 million barrels of extra Saudi oil for loading in April after the Saudi Kingdom slashed the selling price and announced plans to raise output to record 12.3 million barrels per day (bpd), as per a Reuters news report.  “We will be taking two additional cargoes of Arab mix…we have […]

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Vedanta says its Anglo American stake buy meets India’s criteria

Vedanta, the natural resources company controlled by Anil Agarwal said  its foreign subsidiary Cairn India Holdings’ $200 million investment in Anglo American met all governance requirements. The company, India’s largest miner and No. 1 iron ore exporter, said the deal was made on an arms-length basis in December 2018, adding it provided “significantly higher” returns compared […]

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Polls show confidence in India’s growth prospects; uncertainty over banking, power sectors, says Moody’s

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Some of the largest investors, intermediaries and issuers in Asia Pacific, polled by Moody’s Investors Service and its Indian affiliate, ICRA Limited, say they are confident about India’s stable economic growth prospects. More than 60% of market participants that the two surveyed in Mumbai and Singapore believe that India’s GDP growth rate will range between […]

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Precious metal streaming: how does it work

Miners seeking new capital have always had a variety of options: they could issue new shares, take out a loan, enter into joint-venture agreements, or divest non-core assets. However, in the last decade, a new option has emerged called “precious metals streaming” – in which streaming companies essentially offer capital up front to mining companies in […]

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