Oil, grains rise; aluminium at record high, nickel up on Russian supply worries, fears of food inflation as wheat, corn, edible oil prices rally
Commodity prices shot up after sanctions imposed on Russia. Crude oil surpassed $100 a barrel, aluminium prices touched lifetime highs. Gold prices also went up. Will this rally continue this week?
How will the Ukraine crisis affect Asian economies? Will commodity price rally sustain this week? What is Sanjiv Bajaj's plan to digitise his business? What is Vande Bharat mission? All answers here
The Reserve Bank of India projects the retail inflation rate to average 4.5 per cent in FY23
Freight costs had only recently started to stabilise, which were on the rise during the pandemic.
Based on the existing value-added tax (VAT) structure and taking Brent crude price of $100 - $110 per barrel, SBI believes diesel and petrol prices should have been higher by Rs 9-14 each by now
According to the report, the ongoing results season is behaving largely on expected lines as far as topline growth is concerned
Stating that the Union Budget does not stoke any inflationary pressure, NITI Aayog Vice Chairman Rajiv Kumar said the rise in international fuel and commodity prices may not continue going forward
A cut in subsidy in FY23 comes on the back of an equally sharp cut in FY22
Manufacturers, however, remain watchful of inflationary trend, even as their prices hikes begin to outpace incremental costs
In terms of order inflows, the sector is expected to have witnessed weakness in the period under review
Of late, prices of metals, such as copper, steel, and aluminium, and crude oil have come off by up to 15 per cent from their October peaks
With the pandemic risk still lurking around the fringes, global growth is yet to attain a structural foothold, Garg said
Promoter's stake buy positive, but prices of aluminium, copper, steel, natural gas, crude oil, etc are all down in the past month
Combined net profit of 42 Nifty50 companies increases 19.2% YoY in Q2
Demand-supply scenario is favourable and should keep prices elevated
Crackdown on property market, energy crunch to hamper growth
Strains in China are particularly evident, where factory-gate prices rose at the fastest pace in almost 26 years in September
Rising costs for households and companies are hitting confidence while pushing inflation faster than economists had expected only a few months ago
Says 2022 going to be difficult year on higher commodity prices