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Govt Evaluates Phased Shift To Higher Ethanol Blends
The shift towards higher ethanol blending is part of the government's broader strategy to reduce dependence on imported crude oil.
NTPC Green Energy to raise ₹2,500 crore via 10-year NCDs through private placement
The company will raise ₹2,500 crore through 10-year non-convertible debentures to fund expansion and other corporate needs, while also commissioning a 50.4 MW wind project in Gujarat.
IOC Allows Russia's Olympic Return While Retaining Flag And Anthem Ban
Russia has faced sweeping sporting sanctions since the invasion of Ukraine in 2022.
Gold, silver prices today: Comex gold and silver edge lower amid Middle East tensions, firm US dollar
Precious metals declined on 7 July amid rising tensions in the Middle East and ahead of Federal Reserve meeting minutes. Gold and silver futures fell sharply, continuously influenced by international geopolitical concerns and fluctuations in the US dollar and crude oil prices.
China's DeepSeek Developing Own AI Chip To Cut Reliance On Nvidia: Report
The report also said DeepSeek is preparing for its first external fundraising round.
Reliance's Strand Life Sciences secures Indian patent for blood-based early cancer detection
The patented platform combines genome sequencing, methylation analysis and machine learning to detect cancer and identify its tissue of origin from a single blood sample.
Market Pulse: Key triggers to watch before the July 8 trading session
Indian investors will track the continuing attacks on tankers by Iranian forces, which are increasing concerns among shipowners. Oil marketing companies, including Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, may remain on investors’ radar amid developments in crude markets. Also, the government has decided to exercise the entire green shoe option in the Cochin Shipyard Offer for Sale (OFS) after strong investor response on the first day. Further, US markets are trading higher as investors rotate away from artificial intelligence-linked stocks. Oil prices remain in focus after vessel attacks in the Persian Gulf, with potential supply concerns keeping crude markets under watch.
US stock market today: S&P 500, Nasdaq futures edge lower as chip stocks retreat; crude oil prices rise - livemint.com
US stock market today: S&P 500, Nasdaq futures edge lower as chip stocks retreat; crude oil prices riselivemint.com
INR seen supported by improving global risk sentiments
The Indian rupee appreciated 48 paise to close at 94.95 (provisional) against the US dollar on Tuesday, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties. Market sentiment was also buoyed after Saudi Arabia slashed August crude oil prices for Asia by USD 11 per barrel. Moreover, softness in Brent oil prices is alaos expected to ease inflationary pressures for India, the world's third-largest oil importer. However, Indian shares ended slightly lower on Tuesday, with benchmark indexes Sensex and Nifty snapping a four-day winning streak. The Indian benchmark equity indices snapped their four-day winning streak, ending marginally lower due to late-session profit booking and weak Asian cues. The NSE Nifty 50 declined by 31.65 points (0.13%) to close at 24,398.70, while the BSE Sensex dropped 104.35 points (0.13%) to settle at 78,180.72.
Advait Energy Transitions bags Rs 52-cr DGVCL turnkey contract
Advait Energy Transitions announced that it has secured a Rs 51.62 crore turnkey contract from Dakshin Gujarat Vij Company (DGVCL) under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme.
Name any car that faced issues due to ethanol-blended petrol: Nitin Gadkari
Union Minister Nitin Gadkari challenged critics to name any car facing issues with E20 petrol. He stated that India's fossil fuel dependence is an economic and environmental burden. Higher ethanol blends reduce reliance on imported crude oil and cut carbon emissions. Ethanol production from corn has generated significant income for farmers in Uttar Pradesh and Bihar. The ministry is proposing wider use of alternative fuels like E85 and E100.
Citi sees oil prices falling to $60-$65, says wait before buying gold
The investment bank says improving geopolitical conditions and higher oil production could push crude prices lower, while gold and silver may remain under pressure in the near term.