2h ago
Gold slides $53.00 to 4,192.90 as precious metals retreat ahead of the open
Gold futures fell $53.00 to 4192.90 dollars (-1.25%), while silver futures dropped $1.77 to 64.55 dollars (-2.67%). Platinum futures declined $36.90 to 1670.40 dollars (-2.16%). The selloff across precious metals came alongside mild pullbacks in industrial commodities such as crude oil and copper. The moves point to a short-term pickup in risk appetite and higher real-rate expectations, which weighed on bullion.
2h ago
9h ago
Petronet LNG sets June–September 2026 schedule for seven investor conferences
Petronet LNG’s LNG carriers have begun transiting the Strait of Hormuz, a key global corridor for energy shipments. Shipping data flagged the move as a recent operational development, but did not disclose vessel names, cargo volumes, or specific timing. The transit suggests a potential easing of logistics bottlenecks for India’s LNG imports, offering short-term support to LNG and gas spot and futures prices. The update is framed as a substantive operational step rather than a routine notice or expected action.
9h ago
10h ago
GE Power India calls July 20, 2026 meetings to vote on JSW Energy merger plan
GE Power India Ltd. will hold meetings of its shareholders and unsecured creditors on July 20, 2026, to consider a proposed merger scheme with JSW Energy Limited. The scheme was cleared by the National Company Law Tribunal (NCLT) Mumbai Bench in an order dated June 2, 2026, and will proceed under Sections 230 to 232 of the Companies Act, 2013. Under the arrangement, GE Power India is the demerged company and JSW Energy is the resulting company. The merger is positioned as a key step in GE’s global power business restructuring and the consolidation of India-based generation assets, with implications for JSW Energy’s ownership structure and asset base.
10h ago
1d ago
Bharati Defence board approves merger with Exicom and Hind Simulation on June 17, 2026
Bharati Defence has approved a merger with Exicom and Hind Simulation, but also reported a FY26 net loss of 3127.32 crore rupees driven mainly by exceptional items of 3283.55 crore rupees tied to IBC restructuring write-offs. Revenue rose to 28.91 crore rupees, while EPS swung from a profit of 0.28 to a loss of 6.22. The merger is a related-party transaction and requires a SEBI exemption from minimum public shareholding rules.
1d ago
1d ago
Iran says MOU sets immediate start to lift US naval blockade, with full removal within 30 days
Iran says it has reached a Memorandum of Understanding (MOU) with the United States to begin lifting a naval blockade immediately after signing and to remove it fully within 30 days, aiming to restore ship traffic to prewar levels. Iran’s foreign minister said Tehran will independently manage the Strait of Hormuz and plans to develop a management mechanism with Oman. The US has not formally confirmed the MOU, and Iranian officials have denied it has already been signed in Geneva, saying talks are still ongoing. The development eases near-term supply risks in the Gulf and adds downward pressure to oil prices.
1d ago
1d ago
Gravita’s Mundra plant wins LME lead brand listing for “GRAVITA M”
Gravita India’s smelter in Mundra, Gujarat, has received London Metal Exchange (LME) brand accreditation for lead, to be listed under the name “GRAVITA M.” The certification confirms the metal meets LME global quality standards and can be delivered to all LME-approved warehouses worldwide, while also qualifying for delivery on India’s MCX. The approval makes Gravita one of a small group of Indian secondary lead smelters with an LME-approved lead brand, strengthening its access and standing in international lead markets.
1d ago