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Oil prices upsurge on reports of OPEC+ delaying plans to increase production

editorOctober 30, 2024October 30, 202402 mins

Oil prices rose more than 2 percent on Wednesday after Reuters reported that OPEC+ may delay oil production increases scheduled to be implemented in December by a month or more due to concerns about low oil demand and rising supplies.Brent crude futures rose $1.41, or 2 percent, to $72.53 a barrel by 1236 GMT. US…

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Assam CM assures on preserving old heritage trees in Dighalipukhuri

editorOctober 30, 2024October 30, 202402 mins

Massive protest have emerged out in the city Guwahati regarding cutting down of trees in Dighalipukhuri area. These trees have been serving the city in keeping the echo system balanced especially during the summers by providing necessary shades and fresh air. Cutting down of trees for flyover construction in the city has impacted alot leading…

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SpiceJet launches 32 new flights for winter schedule, shares upsurge over 3%

editorOctober 29, 2024October 29, 202402 mins

Shares of low-cost carrier SpiceJet Ltd rose over 3% on October 28 after it announced 32 new flights for the winter schedule starting October 27 to expand domestic and international connectivity.“With 30 of these flights operating in the domestic sector and 2 connecting Delhi to Phuket with a daily non-stop service, SpiceJet aims to enhance…

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Gold prices downgrade 0.48% a day ahead of Dhanteras, US dollar rally and macro data contributed to the fall

editorOctober 28, 2024October 28, 202401 mins

According to MCX data, spot gold prices fell 0.48% to ₹77,622.00 per 10 gram around 10 am on Monday, October 28, 2024. This has happened after prices have been steadily rising for most parts of the year. Meanwhile, gold futures prices for December 05, 2024 on MCX fell 0.42% or ₹332 to ₹78,200. Meanwhile, gold…

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L&T shares lapse 2%; UBS downgrades rating to ‘neutral’ citing near-term headwinds

editorOctober 26, 2024October 26, 202402 mins

Shares of Larsen & Toubro (also known as L&T) had a weak opening on October 25. It fell 2 per cent to Rs 3,378 after UBS downgraded the stock to ‘neutral’ and cut its target price in view of several challenges in the upcoming quarters.The brokerage has highlighted an upside potential of 16 per cent…

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Crude oil futures inflation on spot demand – PTI

editorOctober 25, 2024October 25, 202401 mins

New Delhi, Oct 24 (PTI) Crude oil prices on Thursday rose by Rs 68 to Rs 6,044 per barrel in futures trade as participants widened their bets following strong spot demand.On the Multi Commodity Exchange, crude oil for November delivery expansion by Rs 68, or 1.14 per cent, to Rs 6,044 per barrel in a…

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Ahom body seeks govt intervention in protecting historical sites of Assam

editorOctober 24, 2024October 24, 202401 mins

A meeting held under the presidentship of Pulin Phukan, president of the Jorhat Zila Ahom Sabha seeking government’s intervention in protection of historical sites and taking necessary measures to remove encroachments in the state. Also the sabha passed a resolution to prevent from carrying illegal activities in the historical sites and not to use the…

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NMDC shares jump 5% after second hike in price of lump ore and fines in October

editorOctober 24, 2024October 24, 202403 mins

Shares of public sector company NMDC or National Mineral Development Corporation witnessed a surge on October 23 after the company announced a hike in the price of its lump ore and fines, which was the second price hike by the company in October.NMDC has raised the price of lump ore by Rs 600 to Rs…

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Onion prices increase ahead of Diwali due to heavy rains and supply problems

editorOctober 23, 2024October 23, 202405 mins

The price of onion in retail markets is currently between Rs 60-80 per kg and is expected to remain high till Diwali. The surge in onion prices is mainly due to heavy rains in major onion producing states like Maharashtra, Karnataka, Telangana and Andhra Pradesh, which have damaged crops and disrupted supplies.As a result, prices…

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Ola Electric shares inflation 4%, 99% customer complaints resolved before deadline

editorOctober 22, 2024October 22, 202402 mins

Shares of Ola Electric Mobility made a strong debut on the stock market and rose 4 per cent to Rs 85.3 on October 22. This after the company announced that it has resolved about 99.1 percent of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA).In a document filed with the stock exchange,…

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