ADANI KUTCH COPPER REFINERY
India’s Russian fossil fuel imports hit record €6.4 billion in October: CREA
India was the world’s second-largest buyer of Russian fossil fuels in October, with purchases hitting a record €6.4 billion, according to CREA, as crude oil imports rose across major Indian refineries. Higher global oil prices also lifted Russia’s overall fossil-fuel export revenues to their highest monthly level since December 2022, despite Western sanctions and price caps.
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Cigarettes to get costlier: ITC hikes Gold Flake Premium prices for the second time this year; here's how much a pack will now cost
ITC Ltd has raised the price of its Gold Flake Premium cigarettes by Rs 10 per pack, taking the MRP of a 10-cigarette pack to Rs 135 from Rs 125. This is the second price increase for the brand in 2026, following a hike in June. The revision comes as cigarette makers face higher taxes and pressure on legal market volumes, while ITC looks to expand its FMCG and other non-cigarette businesses.
Hindustan Copper shares jump 7% after Q2 profit zooms 182% YoY to Rs 518 crore
Hindustan Copper's stock experienced a surge following the announcement of its exceptional Q2 FY27 results. The consolidated net profit skyrocketed to Rs 518 crore, marking an astonishing 182% increase year-over-year. Additionally, operational revenue jumped by 64%, while total expenses saw only a minor rise, positively influencing profit margins. This robust performance has strengthened market confidence, evident in the upward trend of Hindustan Copper's shares throughout the past year.
TS Inter 1st and 2nd year exam system to end: Telangana CM announces new 10+2 education model from next academic year
Telangana will introduce the 10+2 education system from the next academic year, merging Classes 11 and 12 with the school education structure and replacing the separate Intermediate system. Chief Minister A Revanth Reddy has outlined a three-stage schooling model from nursery to Class 12, with the reforms aimed at improving education quality and reducing student dropouts after Class 10. The government is also reviewing residential school projects and infrastructure upgrades.
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Stock Radar: Breakout from symmetrical triangle pushes Adani Ports to fresh record highs; time to buy or book profits?
Adani Ports & Special Economic Zone Ltd has broken out from a symmetrical triangle pattern on daily charts. The stock has hit fresh record highs and is recommended for short-term buying opportunities. Experts suggest potential upside targets of Rs 2,000 to Rs 2,100 in the next few weeks. Additionally, the stock demonstrates a strong bullish setup, reflecting positive momentum. The critical stop-loss level for traders is advised at Rs 1,750.
Hindustan Copper Q2 profit rises 47% to ₹520 cr, revenue up 25%
Hindustan Copper Limited achieved a consolidated net profit of ₹520 crore in the second quarter of FY27. The revenue for the quarter increased to ₹1,175 crore, marking a notable rise. EBITDA rose significantly to ₹703 crore, reflecting enhanced operating efficiency. The EBITDA margin improved to 59.9%, indicating greater profitability compared to the previous quarter. These figures highlight the company's positive financial performance and robust growth trajectory.
Adani Ports can absorb proposed Evos acquisition costs: S&P
Adani Ports and Special Economic Zone intends to acquire Evos BV, a Netherlands-based liquid storage operator. The all-cash transaction, valued at 2.56 billion euros, emphasizes strategic international expansion. The acquisition aims to enhance Adani Ports' liquid portfolio with new-age transition fuels, reflecting its growth strategy. S&P Global Ratings predicts Evos could contribute 9 percent of Adani Ports' total EBITDA by fiscal 2029.
Recent Ukrainian attacks have reduced Russia's oil processing capacity by 30%, sources say
Ukraine's attacks on Russian oil refineries add to Moscow's difficulties in addressing domestic fuel shortages as it ships diesel to international markets under an export deal with US President Donald Trump.
Adani Group to invest more than $120 billion in capex over five years: Report
The Adani Group is poised to infuse over $120 billion into capital projects within the next five years, predominantly channeling funds into the energy sector, transport, and logistics. With about 70% allocated to energy, and 20% to transport and logistics, this substantial investment aims to double the group's asset base and generate core earnings ranging from 2.6 to 3 trillion rupees.
Explained: Why copper prices could fall further after four-month low amid US election outcome
Copper prices fell to a four-month low following the US midterm election outcome, which raised doubts over AI data centre demand and import tariffs. Despite a minor Monday bounce and tight supply constraints, analysts at TD Securities warn of potential further downside in the near term.
Adani Enterprises plans Rs 35,000-40,000 crore annual capex in next two years
Adani Enterprises intends to invest between Rs 35,000 crore and Rs 40,000 crore annually for upcoming years. The major areas of focus will be airports, data centres, and a PVC manufacturing complex. Recently, the company reported strong financial growth, with a notable increase in EBITDA and revenue. This investment cycle aims to enhance operational capabilities and generate returns from new assets.
Copper price falls for 4th day, heads for worst week since March on AI rout
Copper prices have faced yet another decline, marking four consecutive sessions of decrease, primarily due to a dip in technology shares and rising concerns over artificial intelligence investments. The three-month copper rate on the London Metal Exchange fell to a low not seen since late July. While tight supply, particularly outside the US, has cushioned further losses, a significant drop in copper stocks within Chinese warehouses is intensifying supply anxieties.
India focused on becoming AI application capital of the world: Ashwini Vaishnaw
India is on a mission to become the global hub for artificial intelligence applications while also enhancing its semiconductor industry. With the launch of the Semicon 2.0 Web Application Portal, only well-prepared semiconductor enterprises will have their applications considered. The government is actively working on a strategy to produce indigenous graphics processing unit chips, alongside other crucial electronic components such as battery cells and copper foils.
Quant Small Cap Fund adds Jio Platforms and 4 others; increases stake in Adani Power, 5 more
Quant Small Cap Fund added Jio Platforms, Primo Chemicals and three other stocks to its portfolio in October. The fund also increased exposure to Adani Power and LIC Housing Finance, exited five stocks and trimmed holdings in three others.
India focused on becoming AI application capital of the world: Ashwini Vaishnaw
India is striving to become the artificial intelligence application capital while also focusing on semiconductor manufacturing. The government plans to launch the Semicon 2.0 Web Application Portal to attract serious players in the industry. Union Electronics and Information Technology Minister Ashwini Vaishnaw highlighted the importance of complete applications for participation.
Ashwini Vaishnaw launches Semicon 2.0 portal, says 50% of units approved under ECMS are SMES, MSMEs
Union Electronics and Information Technology Minister Ashwini Vaishnaw has launched the Semicon 2.0 Web Application Portal. The initiative aims to strengthen India's semiconductor manufacturing ecosystem while enabling the acceptance of applications under specific pillars. Fifty percent of the approved units under the Electronics Components Manufacturing Scheme belong to SMEs or MSMEs. India is progressing from assembly to the manufacturing of critical electronic components and materials.
Hindalco Q2 Results: Revenue jumps 39% YoY to Rs 91,708 crore; profit rises 59% on one-time gain
Hindalco Industries revealed a consolidated net profit of Rs 7,532 crore for Q2 of FY27, marking a rise of about 59% from Rs 4,741 crore last year. The company boasted a revenue from operations of Rs 91,708 crore, indicating a year-on-year growth of nearly 39%. This profit takes into account certain exceptional gains and deductions, although shares dipped slightly after the results were shared.
Adani’s copper smelter targets up to 85% utilisation by March on assured supplies
Adani Group’s Kutch Copper expects to increase smelter capacity utilisation to 80-85% by March, against its earlier target of 75%, as long-term contracts help secure copper concentrate amid tight global supplies. The smelter operated at 64% utilisation in the September quarter, producing 80,200 tonnes.
Dhanteras 2026 diamond, gold, silver, brass, copper, bronze price today: Buying precious metal for prosperity today, check prices of 6 metals
Things to buy on dhanteras 2026 buying guide: Dhanteras falls on November 6, with gold, silver and other precious metals remaining popular festive purchases. Check today's prices of 24K and 22K gold, silver, diamond, brass, copper and bronze before buying. Also know how purity, making charges and market fluctuations affect the final price.
ETMarkets Commodity Talk| Building a 5-year portfolio? Why gold could take the largest share of your commodity allocation, Deveya Gaglani decodes
In this edition of ETMarkets Commodity Talk, Deveya Gaglani, Senior Research Analyst – Commodities at Axis Direct, shares his views on the evolving commodity landscape and the role of gold, silver and industrial metals in a diversified portfolio. He also explains why gold could form the largest component of a long-term commodity allocation, while highlighting the risks of blindly buying the dip or chasing a sharp rally.
MRPL boosts delivered oil buying as Iran war raises shipping risks
Mangalore Refinery and Petrochemicals Ltd plans to increase crude oil purchases on a delivered basis. This strategy aims to reduce shipping risks related to the ongoing Iran war. The company is also looking to diversify its crude sourcing to maintain full refinery capacity. CFO Devendra Kumar expressed hope for annual supply deals with Middle Eastern oil producers. Additionally, MRPL's fuel exports may decline as local consumption is projected to rise.
ETMarkets Smart Talk | Gold for ballast, silver for growth; avoid industrial commodities in core portfolios: Saish Sawant
In this edition of ETMarkets Smart Talk, Saish Sawant, Research Analyst–Commodities at Emkay Global Financial Services, breaks down the contrasting moves across gold, crude and copper.
HPCL Malkapuram refinery fire triggered by sulfur pitch, no casualties reported
A fire occurred at Hindustan Petroleum Corporation Limited's refinery in Malkapuram on November 2. This incident involved a sulfur product and prompted a rapid response from the refinery's Fire and Safety Team. Local authorities confirmed that there were no reported injuries or casualties during the event. An inquiry into industrial safety practices at the facility will be initiated following the incident.
HPCL Vizag refinery fire: Fire breaks out at oil facility in Visakhapatnam; cause unclear
HPCL Visakh refinery fire: A fire broke out at the Hindustan Petroleum Corporation Limited facility in Vizag on Monday night. While the fire produced thick smoke and bright flames, there were no reported casualties. Rumors of an explosion in an oil tank circulated, but officials stated the likelihood was low.
Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge?
Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. Adani Power reported a 134% jump in net profit, while Jefferies raised its target price for Adani Ports and sees significant upside in Adani Enterprises.
Adani Enterprises Q2 net profit falls 55% despite 75% increase in revenue
Adani Enterprises saw a 55% drop in consolidated net profit for the September quarter. Revenue from operations increased by 75%, reaching ₹37,216 crore compared to the previous year. A notable decline in profit was attributed to an exceptional gain a year prior, while expenses rose sharply. The company plans to invest ₹35,000 crore to ₹40,000 crore annually in airports and data centres.
Adani Enterprises Q2 Results: Revenue spikes 75% YoY to Rs 37,216 crore, profit at Rs 1,492 crore
Adani Enterprises Q2 Results 2026: Adani Enterprises has reported a 55% drop in consolidated net profit for the second quarter of FY27, with figures reaching Rs 1,492 crore compared to Rs 3,304 crore from the previous year. Conversely, operational revenue surged by 75%, hitting Rs 37,216 crore. This stark contrast is notable due to the previous year's inflated profits, driven by exceptional gains totaling Rs 3,583 crore, highlighting a dramatic shift in financial performance.
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