Copper on MCX settled down -0.93% at 372.55 as rising geopolitical tensions blunted appetite for risk and lifted the dollar, but prices were underpinned by tightening supply. LME copper dropped 1.5 percent to end at $5,747 a tonne, adding to small losses in the previous session, having broken support at its 100-day moving average at $5,800 a tonne. Prices have faltered since shipments resumed from BHP Billiton's Escondida mine in Chile and since Freeport McMoRan Inc said it was awaiting final details on a temporary export permit in Indonesia, ending lengthy disruptions. The supply disruptions that we have seen were short-term dynamics and did not create real tightness in the market.
Naturalgas on MCX settled down -0.29% at 209.40 fell in yesterday’s session continuing a small retreat from 2 1/2-month highs on mild weather may limit demand and the market’s ability to keep rallying. Natural gas prices appear to have found solid resistance at the 215.20 level, while according to natgasweather.com, temperatures vs normal averaged over the next 7-days are expected to be warmer than normal over a majority of the US besides the West Coast/NW. This will result in limited demand for heating over the northern US, while only minor demand for cooling over the relatively warm southern US. A rather bearish map in terms of temperatures vs normal even as numerous weather systems traverse the country with rain and snow. They just aren’t very cold besides along the West Coast.
Crudeoil on MCX settled up 1.94% at 3424 climbed higher reaching it best closing level in over a month amid concerns about geopolitical tensions, the price of crude oil showed a notable upward move during trading on Monday. Support also seen after the update that Libya's Sharara oilfield was shut after a group blocked a pipeline linking it to an oil terminal, a Libyan oil source said. The field had only just returned to production, after a week-long stoppage ending in early April. The outage added to a rally that started late last week after the United States fired missiles at a Syrian government air base. While Syria produces only small volumes of oil, the Middle East is home to more than a quarter of the world's oil output.
Silver on MCX settled down -0.03% at 41366 tracking weakness from Comex Silver which dropped to settled at $17.88 a troy ounce extending last week’s slide as a stronger dollar weighed on precious metals. The US dollar index rose to more than three-week highs against a basket of other major currencies. Renewed dollar support late on Friday undermined bullion and defensive support for precious metals was curtailed by relief over the US trade stance during President Trump’s meeting with Chinese President Xi. Silver held steady while support can be seen as growing geopolitical tensions continued to drive safe-haven demand. Top aides to U.S. President Donald Trump differed on Sunday on where U.S. policy on Syria was headed after last week's attack on a Syrian air base, while U.S.
Gold on MCX settled up 0.19% at 28739 prices recovered from the day's low while prices dropped in the morning session as the US dollar continued to remain supported by Federal Reserve policy tightening expectations. Recovery in the prices seen in late session with markets keeping a close eye on geopolitical risks and noting comments from the Fed chief that suggested the central bank is on track with plans to hike rates as forecast. The Federal Reserve's plans to raise U.S. interest rates gradually are aimed at sustaining full employment and near-2-percent inflation without letting the economy overheat, Fed Chair Janet Yellen said on Monday. Also Yellen repeated earlier comments that the economy is expected to continue to grow at a moderate pace.
Washington D.C. [USA], Apr. 11 : Tropical Cyclone Cook formed in the Southern Pacific Ocean and on Sunday, April 9, 2017 and moved across the island of New Caledonia in the South Pacific Ocean on early on April 10. NASA-NOAA's Suomi NPP Satellite passed over Cook as it was making landfall.
The Visible Infrared Imaging Radiometer Suite (VIIRS) instrument aboard NASA-NOAA's Suomi NPP satellite provided a visible image of Cook on April 10 at 0254 UTC (April 9 at 10:54 p.m. EST). That was about one hour before the storm's center made landfall in central New Caledonia. The image showed a cloud-filled eye surrounded by powerful thunderstorms. A large band of thunderstorms feeding into the center blanketed the islands of Vanuatu.
New Delhi [India], Apr. 10 : The platform nomoreransom.org is now available in 14 languages and contains 39 free decryption tools. Since Kaspersky Lab's last report in December, more than 10 000 victims from all over the world have been able to decrypt their affected devices thanks to the tools made available free of charge on the platform.
No More Ransom was launched in July 2016 by the Dutch National Police, Europol, Intel Security and Kaspersky Lab, introducing a new level of cooperation between law enforcement and the private sector to fight ransomware together. Since the launch, dozens of partners from all continents have joined.
New Delhi [India], Apr 10 : Cyber security company F-Secure on Monday announced acquiring of Little Flocker, the most advanced security technology available for Macs, from a private app developer.
Most Mac security solutions rely entirely on a traditional signature-based approach against malware, but cannot protect Mac users from modern targeted attacks. Little Flocker protects Macs by using advanced behavioral-based analysis, and monitors apps that attempt to access confidential files and system resources.
It also detects and blocks Mac ransomware. F-Secure will build Little Flocker's next-generation security engine into its new XFENCE technology.
XFENCE will complement F-Secure's existing endpoint solutions to provide
New Delhi [India], Apr 10 : Global direct-to-consumer vertically integrated e-commerce tea brand Vahdam Teas on Monday announced receiving of investment worth USD 650,000 from a clutch of eminent angel investors including Kanwaljit Singh's Fireside Ventures, Singapore Angel Network and Mumbai Angels, who have consolidated their market position.
The company which earns its business online, as of today, has grown five
times in the last six months and plans to use the funding to invest in tea preservation technology along with a warehouse in its top market business in USA in the second half of 2017.
Washington D.C. [USA], Apr. 10 : A new study of Peruvian frogs living at a wide variety of elevations -- from the Amazon floodplain to high Andes peaks -- lends support to the idea that lowland amphibians are at higher risk from future climate warming.
That's because the lowland creatures already live near the maximum temperatures they can tolerate, while high-elevation amphibians might be more buffered from increased temperatures, according to a study by University of Michigan ecologist Rudolf von May and his colleagues published online April 6 in the journal Ecology and Evolution.
New Delhi [India], Apr. 8 : CUTS International on Friday organised a conference in the India International Centre, New Delhi on designing a nutrition label for broadband services in India.
Such a label will enable complete information disclosure by the Broadband providers on Quality of Service (QoS), in a standard format to consumers, which may result in safeguarding consumers from misleading advertisements, unfair contractual terms, practice of non-disclosures and most importantly, help them choose between services.
New Delhi [India], Apr 8 : Aditya Birla Health Insurance Company Ltd. (ABHICL) launched a unique campaign '#JumpForHealth' on the occasion of World Health Day to reinforce its belief in empowering people to live a healthy lifestyle.
Through the JumpForHealth initiative, Aditya Birla Health Insurance is creating a movement that will get people up and on their feet through the power of jumping.
The month long campaign, starting from April 07, 2017, aims to donate one prosthetic leg to a person in need for every 10,000 jumps in association with the Sadhu Vaswani Foundation. A total of 100 prosthetic legs will be donated to people in need on achieving one million jumps.
Global tea production trends, favorable demand prospects likely to lead to an upward price trajectory in CY2017: ICRASubmitted by Ashok Rawat on Sat, 04/08/2017 - 17:13
New Delhi [India], Apr 8 : In the current year, tea realizations are expected to remain buoyant following higher demand for tea, particularly given the expected supply side issues in both Sri Lanka and Kenya.
However, buying patterns across tea segments, which had witnessed a considerable change in CY2016, will remain a key determinant of the overall price trajectory in the current year as well.
Despite the buoyancy in prices though, continuing cost pressures, with the increase in wage rates, are likely to keep the margins and debt coverage indicators of bulk tea producers under check. Nonetheless, the capital structure of large companies in the sector is expected to remain favorable.
Washington D.C [USA], Apr. 8 : Walking down a grassy field, have you ever wondered that what lies beneath the surface?
We finally have an answer to that question.
A web of plant roots interacts symbiotically with arbuscular mycorrhizal (AM) fungi that extend their hyphae from the root system further into the earth, accessing nutrients such as phosphates to give to the plant in return for carbohydrates.
The study was published in journal Current Biology.
Taking a much closer look inside root cortical cells, we will find dynamic, branching fungal structures called arbuscules where the two organisms can exchange their goods.
New Delhi [India], Apr 7 : Taxi aggregator Ola on Friday announced organizing of India's first ever and largest Auto Driver Partners' Mela - 'Ola Baasha Mela' in Chennai from April 8th to 10th April 2017.
Ola has put together a three-day event that will introduce the city's potential Auto Driver Partners to Ola's platform, and give them the opportunity to purchase auto rickshaws at subsidized rates as well as avail several benefits such as free vehicle insurance, and garage services.
The first ever Mela will give many existing auto rickshaw Driver Partners the opportunity to become micro-entrepreneurs by adding autos to their fleet at a lower cost, and with a plethora of benefits. The same subsidies and benefits will also be extended to the new Driver Partners at the Mela.
New Delhi [India], Apr. 7 : Auto rickshaw aggregator Jugnoo registered phenomenal growth for its B2B delivery vertical- Jugnoo Delivery. Catering to 4000 orders per day from 2000 delivery orders in November 2016, Jugnoo Delivery has managed to proliferate in Tier I, Tier II and Tier III markets.
Jugnoo Delivery successfully serviced everything between industry bigwigs to the local merchants and restaurants in some of the top cities of the country. With 600 daily active merchants and 1500 weekly active merchants, the local merchants and restaurants have instigated major growth in Jugnoo's delivery segment.
New Delhi [India] Apr. 7 : The first mistake that we make is not listening, we don't read between the lines, we turn a blind eye to the details. If only we listened, if only we said "let's talk", things would be so different.
Satish Kannan, the CEO and founder of DocsApp says that with the changing lifestyle, the run to get to the top of the ladder, the pressure to fit in, the fear of losing out and the dance with deadlines, we are losing ourselves. We end up feeling like lab rats at the end of the rat race; if we manage to survive till the end. The blues, anxiety, panic attacks, depression, burnout.
New Delhi [India], Apr 7 : SaleBhai.com, an e-commerce marketplace that caters specifically to the Indian diaspora in India and abroad has announced the launch of international delivery of all products exclusively available on its platform.
The service will be available for both the Indian diaspora community and foreign nationals, giving them a chance to experience authentic Indian food products.
The international delivery service will allows consumers to easily find regional products sourced directly from Indian vendors across the country. It will be available across 195 countries, with special focus on the U.S., West and South Africa, Middle East, Australia, and the U.K.
New Delhi [India], Apr 7 : The clean energy arm of Hindustan Power commissioned a 10 MW solar plant at Shergati, Gaya in Bihar to power the cumulative solar capacity in Bihar to ~ 100 MWs.
The plant commissioned at an investment of Rs. 81 crore is spread over 56 acres of land using 34920 modules has been generating 45000 units of clean energy per day, since its commissioning in November 2016.
The PPA for the 10 MW project has been signed with Bihar State Power Holding Corporation Ltd. and the power is evacuated to 33 kV Sherghati Substation.