Hareesh VTrade war worries that fanned fears of a possible recession adversely hit the global economy, particularly that of the US and China. The prolonged uncertainty about trade policies between the world’s two largest economies also hit global trade and demand for commodities.Escalation of hostilities has led to most industrial metals lose ground, suppressing prices in a tight range near its multi-year lows.Close Chinese industries are the key consumers of all base metals. The trade dispute has roiled the Chinese manufacturing sector and demand for industrial commodities. related news Silver futures rise Rs 171 to Rs 44,043 per kg Crude oil futures slip on weak global cues The industrial red metal, copper, gained in the first four months of the year on optimism that the two sides would resolve the dispute and spur demand.But, prices dropped to a two-year low later as there were no signs of a breakthrough.Aluminium, a widely used industrial metal in the automobile … [Read more...] about Should one bet on aluminium, zinc, copper amid trade disputes, slowdown gloom?
Adventures in the screen trade
Gone are the days of multiplexes. Now, it is time for Superplex, where you will find many screens of multi formats, all under one roof.PVR once again has indulged in a mega property venture by bringing up Delhi’s biggest Superplex which houses as many as 12-screens and four formats including IMAX, 4DX, Playhouse, and two Luxe auditoriums which are high-end auditoriums.The property will open for audience on November 15.Close In 2014, PVR had launched the then new concept of a Superplex with the launch of Logix theatre, a 15-screen property in Noida with multiple formats. related news Tata Starbucks pushes for gender parity, targets 40% representation of women in workforce by 2022 Hero Future Energies get $150 mn strategic investment from Masdar Hindustan Copper board to consider raising borrowing limit Defining a Superplex, Sanjeev Kumar Bijli, Joint Managing Director, PVR Ltd, said, “Anything beyond 10 to 11 screens by definition becomes a Superplex. Also within … [Read more...] about Get over multiplex, Superplex is here: PVR launches 12-screen property in Delhi
The rupee on Monday tumbled by 19 paise to a near one-month low of 71.47 against the US dollar as fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy.Investors also played their bets cautiously in view of India's rating outlook cut by Moody's investors Services last week.Opening marginally lower, the Indian currency dropped to a low of 71.54 to the US dollar before settling at 71.47, showing a fall of 19 paise.Close This is the lowest closing level for the domestic unit since October 15. related news Adidas shifts German, US smart factories to Asia China's Jingye Group in talks to buy British Steel Forex traders said that rupee loss was somewhat checked by lower crude prices and a weaker dollar against major currencies overseas.The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.14 per cent to 98.21.Global crude oil benchmark Brent Futures fell 1.22 per cent to trade at USD 61.75 … [Read more...] about Indian rupee skids 19 paise amid renewed global trade tiff concerns
The Indian rupee is trading lower by 12 paise at 71.36 per dollar on November 11, with selling seen in the domestic equity market.It opened lower by 8 paise at 71.36 per dollar versus Friday's close 71.28.The Sensex is down 120.32 points or 0.30% at 40203.29, and the Nifty down 38.30 points or 0.32% at 11869.90.Close "Moody's decision to change its outlook to negative from stable is a matter of concern. But it is unlikely to have major impact on the rupee in the near term," said Rushabh Maru, Research Analyst - Currency and Commodity, Anand Rathi Shares and Stock Brokers. related news Indian rupee falls 31 paise after Moody's lowers India’s outlook to ‘Negative’ Rupee trades lower at 71.16 per dollar "There is lot of optimism regarding the trade deal between the US and China. Hence this may provide relief to the rupee.""Domestic and global equities remain strong. This may also support the rupee. Focus will now shift to India's macroeconomic data to be … [Read more...] about Rupee trades at day’s low 71.40 per dollar
Future Consumer’s dairy brand Dreamery will now be available in general trade in addition to Future Group retail outlets like Big Bazaar and Easy Day, a company source told Moneycontrol.Dreamery is the dairy brand of Future Consumer Ltd (FCL) launched in partnership with New Zealand-based dairy major Fonterra.In June, Fonterra Future Dairy, a joint venture (JV) between New Zealand-based Fonterra and Future Consumer, launched its dairy brand Dreamery.Close Under this brand, the Fonterra Future Dairy launched ultra-high temperature (UHT) toned milk, Dahi (Curd), chocolate and strawberry-flavored milkshakes, Greek Yoghurt (in strawberry and mango flavours) and cheese slices.Himadri BuchAssistant Editor|Moneycontrol.com Mutual funds wrap: SIP AUM crosses Rs 3 trillion mark, but will the momentum sustain?Road to $5 trillion economy: Uday Kotak feels tackling these 3 challenges keyAadhaar as e-KYC for MFs: Industry gives SEBI move a thumbs-upDreamery products will be available in … [Read more...] about Dreamery to be sold in general trade, Future Consumer’s dairy brand increases reach