India’s largest bio energy plant commissioned in Punjab

Sangrur (Punjab), Oct 18 (IANS) Punjab Chief Minister Bhagwant Mann, along with Union Petroleum Minister Hardeep Puri, on Tuesday dedicated India’s largest bio energy plant, constructed at a cost of Rs 230 crore, over 20 acres of land. Describing it as a red-letter day for the state, he said this step will go a long … Read more

Suzlon Energy Bags Repeat Order From Mega-Cap Adani Green, Shares Jump

By Malvika Gurung — Shares of the renewable energy company Suzlon Energy jumped almost 6% on Tuesday and were last seen trading 4.7% higher at Rs 7.8 apiece after it announced securing a repeat order from the Adani (NS:) Group major Adani Green Energy (NS:). The mid-cap company announced in a regulatory filing, receiving an … Read more

Energy & Precious Metals – Weekly Review and Outlook

By Barani Krishnan — Crude prices fell last week for a fifth week in seven over what analysts said were concerns that U.S. inflation was just not slowing as the Federal Reserve expected, to the extent that it was now affecting consumer sentiment and retail sales as well. That may well be the case … Read more

Expect Pressure from Energy Costs and FX on Packaging, Paper/Forest Stocks

© Reuters. By Sam Boughedda In a note on packaging and paper/forest products on Thursday, BofA Securities analysts upgraded Amcor plc (NYSE:) and Sonoco (NYSE:) to Buy from Underperform and lowered Greif Inc (NYSE:) and Boise Cascade (NYSE:) to Underperform from Buy and Neutral, respectively, while moving Avery Dennison (NYSE:) to Neutral from Buy. “Packaging … Read more

Key Stocks to Watch: TCS, IDBI Bank, HDFC, Star Health, Suzlon Energy & More

By Malvika Gurung — Tata Consultancy Services (NS:): The IT behemoth will kick off the Q2FY23 earnings season by releasing its results on Monday. Power Grid Corporation of India (NS:): Subsidiary Bhind Guna Transmission has successfully commissioned a transmission system for Intra-State Transmission Work associated with the construction of a 400KV substation near Guna … Read more

Key Stocks As Nifty Opens Lower: Suzlon Energy, Coal India, Mcleod Russel & More

By Malvika Gurung — The domestic market opened the new week lower, tracking weak cues from Asian markets, while prices surged almost 3.5% on Monday following reports of the OPEC+ to consider supply cuts at an upcoming meeting in the week after plummeting 11.2% in September. At 9:37 am, traded 0.62% lower and declined 0.7% … Read more

Energy & Precious Metals – Weekly Review and Outlook

By Barani Krishnan — The dollar tumbled last week, giving bulls across commodity markets much-needed relief from the weight of a super strong greenback in five of the six previous weeks. The Bank of England’s counter move against the Truss administration’s lunacy of slashing taxes and boosting expenditure at the same time was what … Read more

Energy & Precious Metals – Weekly Review and Outlook

By Barani Krishnan – Oil bears have a ‘love-hate relationship’ with Abdulaziz bin Salman. They love to taunt the Saudi Energy Minister and he loves to hate them.  Crude’s short-sellers, of course, find nothing personal in what they do; to them, it’s just business – like the Corleones. But it’s different with AbS. The … Read more

Pound, Gilts Weaken as Truss Energy Package Fuels Debt Fears

By Geoffrey Smith — The hit a new low and U.K. government bond prices slumped as markets took fright at the rising cost of getting the country through an energy crisis in the coming winter. The pound tested $1.13 against the dollar, a level it hasn’t seen since 1985, before recovering a little later … Read more

Energy & Precious Metals – Weekly Review and Outlook

By Barani Krishnan – Moves in oil were as riveting as those on the Ukraine front this week. Given that Vladimir Putin has turned global energy prices into a referendum on his war, perhaps it shouldn’t be surprising. Yet it was. After nearly seven months into the invasion of Ukraine, the fortunes of both … Read more