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SLCM’s warehouse process management system wins FICCI award

Sohan Lal Commodity Management (SLCM), a service provider in the post-harvest space for agricultural commodities, has received the ‘Sustainable Agriculture Awards 2022’ from FICCI. A company statement said this is the second edition of the awards and SLCM has retained this award under the ‘Innovative Product/Technology/Services Promoting Sustainable Agriculture’ category. The award was conferred on …

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Gold rate today: Yellow metal eases after a run-up; silver tops Rs 65,000 on MCX

New Delhi: Gold prices eased on Friday ahead of the US jobs report, but were set to gain for the week amid a soft dollar on prospects of slower US Federal Reserve rate hikes and signs of cooling inflation. Investors await the US Labor Department’s non-farm payrolls data due later in the day for clues …

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Brent crude trades tad higher as EU tentatively agrees to cap Russian oil at $60/barrel

Brent crude oil gained marginally on Friday morning following the reports of the European Union tentatively agreeing for a $60 a barrel price cap on Russian oil import. At 10.01 am on Friday, February Brent oil futures were up by 0.14 per cent at $87 and January crude oil futures on WTI were at down …

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India’s silver imports top 8,000 t as consumption for jewellery rises

India’s silver imports have topped a record high of 8,000 tonnes this year on the heels of a rise in jewellery consumption, experts tracking the sector said.  Silver jewellery consumption, which made up over 50 per cent of the 21 per cent growth in global offtake last year, is expected to increase by 11 per …

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Oil prices dip as dollar strengthens, remain on track for weekly rise

Oil prices edged lower in early Asian trade on Friday as the U.S. dollar pared some losses, while easing COVID-19 curbs in two Chinese cities limited losses. Brent crude futures were down 11 cents or 0.1% at $86.77 per barrel by 1:28 GMT, while U.S. West Texas Intermediate (WTI) crude futures lost 14 cents or …

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