Coal keeps powering India as booming economy crushes green hopes
Built along a stretch of salt flats in southern India, the Tuticorin power plant epitomizes a quagmire for the world’s fastest-growing major economy: how to provide reliable energy to 1.4 billion people.

Gold price climbs Rs 10 to reach Rs 74,140, silver up Rs 100 to Rs 87,100
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 67,960.

Gold, silver prices hit fresh peaks on strong global cues amid escalating tensions in Middle East
 

You should invest in silver gradually or on pullbacks after the rally
From a low of Rs 69,150 per kilogram on February 14, silver closed at Rs 83,213 on Tuesday, a rise of 20.3 per cent. It is up 13.4 per cent year-to-date. Silver recently scaled a fresh peak of Rs 83,819 on April 12.
 

Zinc: Go long if futures dip to ₹232, stop-loss at ₹225
Zinc futures on the Multi Commodity Exchange (MCX) broke out of a range and marked a 52-week high of ₹251.2 last Friday. The breakout of the range of ₹205-230 has turned the short-term outlook positive and so, we are likely to see further rally. That said, zinc futures is likely to decline and retest ₹230 before witnessing the next leg of uptrend. At the resistance-turned-support level of ₹230, the 20-day moving average coincides. So, a decline below ₹230 is less likely.

Savita Oil bets on Ester molecule formulation to drive growth, sees additional Rs 1,000 crore topline potential
Savita Oil Technologies has become the first lubricant company in India to start manufacturing Ester molecule (domestically), which is used in biodegradable applications and also acts as a cooling agent in two- and three-wheeler electric vehicles.

Govt hikes windfall tax on crude oil; ONGC & OIL to take hit
New Delhi: The Government has hiked the windfall tax on crude oil to INR 9,600 per metric ton with effect from Tuesday from INR 6,800 earlier, as part of its fortnightly revision.

Petrol sales up 7%, diesel declines 9.5% in April
India's petrol consumption soared 7% in the first half of April but diesel sales were down 9.5% ahead of the onset of a harsh summer season that is set to crank up fuel demand, preliminary data of state-owned firms showed on Tuesday. Petrol sales of three state-owned firms, which control 90% of the fuel market, rose to 1.22 million tonnes during April 1 to 15 when compared to 1.14 million tonnes of consumption in the same period last year.

Coal India’s capex rises 6.5% in FY24 to Rs 19,840 crore
Coal India’s  (CIL’s) capital expenditure for financial year 2023-24 increased by 6.5% to Rs 19,840 crore compared with FY23 when the capex stood at Rs 18,619 crore, the company said on Tuesday.  

Power Grid Corp bags 3 transmission projects under competitive bidding
State-owned Power Grid Corporation on Tuesday said it has bagged three inter-state transmission projects under tariff-based competitive bidding.

Rupee falls to record low on rising US yields; RBI likely steps in
The Indian rupee dropped to a record low on Tuesday, weighed by the rise in U.S. Treasury yields on bets that the Federal Reserve will delay rate cuts and on simmering worries that the situation in the Middle East could worsen.