COPPER PRODUCTION
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.
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.
Hindalco bets on value-added products for earnings growth, stock re-rating
Hindalco reported record revenue and profit in the latest quarter amid increasing metal prices and improved Novelis performance. The company anticipates muted growth due to declining aluminium prices and elevated input costs. It has initiated significant investments in capacity expansion and enhancing value-added products. Novelis expects to transition towards increased earnings and cost savings in the coming years. Hindalco's strategic moves aim to fortify its position in the aluminium market.
China is building inside Europe's trade walls, deepening its grip on critical industries
(The opinions expressed here are those of the author, the director of the Geoeconomics Program of the Center for the Study of Democracy)- China doesn't
Promoters’ stake hits 3-year high while FIIs sink to 14-year low: What it means for Indian stocks
Indian promoters raised their ownership in listed companies to a three-year high as foreign institutional investors' shareholding fell to a 14-year low in September 2026. Promoters bought shares worth Rs 6,595 crore during the quarter, while domestic mutual funds reached a record ownership level, narrowing the gap with FIIs.
Whirlpool hikes prices by 5% from November 1 amidst inflationary heat
Whirlpool of India Limited announced a five percent price increase on all products, effective November 1, 2026. This decision aims to address cost pressures stemming from commodity inflation and rising crude oil prices. The price hike occurs ahead of the peak Diwali season, which is vital for consumer sales. The company faces challenges due to new energy regulations and increased production costs.
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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.
For long- and medium-term investors: Cycles turn, principles don’t; 5 large-cap stocks with upside potential of up to 29%
These are the stocks that fell the most, so they may bounce back the most if the fund flows return. They are the ones FPI money will target first. And they tend to be the businesses with great track records, the ones that have been through bad patches like this before and have come out unscathed. Yes, we are talking about large-cap stocks.
Diwali 2026 Gift Ideas: What India Is Actually Buying This Year — From Gourmet Hampers to Smart Gadgets
In 2026, Diwali gifting trends are shifting towards practical and personalized choices, moving away from the classic sweets. Gifts in demand now include gourmet food, home décor, electronics, and items reflecting personal style. Additionally, many are opting for wellness products and experiential gifts. It’s important to align gifts with the recipient's tastes and budget, as meaningful selections carry more weight than opulent choices.
Government clears Rs 7,503 crore investments under ECMS in sixth tranche
The latest group of 12 applicants includes manufacturers of up- stream materials such as anode and cathode materials. Together, these companies plan to produce goods worth 182,243 crore at faci- lities across 10 states and employ more than 9,500 workers.
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.
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.
Jai Balaji Group plans Rs 6000 crore investment in West Bengal for steel and renewable energy sectors
Jai Balaji Group has announced an investment proposal of around Rs 6,000 crore in West Bengal. This investment focuses on specialized steel for railways, defense and aerospace applications, along with renewable energy initiatives. The expansion is expected to create over 20,000 employment opportunities in the region. Additionally, the company aims to enhance its production capabilities in precision engineering and specialized copper products.
Dhanteras 2026 Gold Buying Muhurat: November 6 Timings, Pushya Nakshatra Dates and Shopping Guide
Dhanteras 2026 falls on Friday, November 6, making it one of the most auspicious occasions for buying gold and silver before Diwali. The New Delhi gold-buying muhurat begins at 10:30 AM on November 6 and continues until 6:37 AM on November 7. November 1 marked Ravi Pushya Yoga, while October 31 also featured a Pushya-related shopping window. Check the complete auspicious shopping calendar, Dhanteras gold and silver buying timings, traditional significance and essential jewellery-buying tips.
India’s solar components market to more than double to $7.8 billion by March 2028: CEEW
India's market for solar module components is projected to exceed $7.8 billion by March 2028. This growth is primarily driven by increased domestic manufacturing capacity and rising demand. Planned expansions of production facilities are crucial for meeting anticipated requirements. Additionally, ensuring consistent quality and reliable supply chains will enhance competitiveness against imports. The study emphasizes the importance of clear standards and regulations for the solar components industry.
ETMarkets Commodity Talk| A 10% allocation to gold and silver? Motilal Oswal's Manav Modi explains the commodity playbook
In this edition of ETMarkets Commodity Talk, Manav Modi, Commodities Analyst at Motilal Oswal Financial Services, decodes the contrasting moves in gold, crude and copper. He also shares his views on the role of commodities in a long-term portfolio, the common mistakes investors should avoid, and why an allocation of at least 10% to gold and silver could be considered based on an investor's risk profile and investment horizon.
Battery component makers may get up to 50% capital subsidy
The ministry of heavy industries is evaluating various subsidy models to enhance domestic battery component manufacturing capacity. Proposed support includes capital subsidies and sales-linked incentives to promote local production. India aims for sufficient manufacturing capacity to support 50 GWh of annual battery cell production by 2032. Current costs of battery materials are significantly higher compared to those from China.
Indian battery component makers face up to 61% cost disadvantage against imports: Report
Indian battery component manufacturers are facing cost challenges that make local production more expensive than imported goods. The report indicates that high input costs hinder the growth of domestic manufacturing capabilities. Battery demand in India is expected to rise significantly by 2037, creating urgency for improvements in local production. The government is considering incentive options to support the industry and bridge the cost gap.
Dhanteras 2026: What not to buy? List of items considered inauspicious on this day
What should you avoid buying on Dhanteras 2026? Know the traditional beliefs surrounding iron, sharp objects, black-coloured items and other purchases. While these items are considered inauspicious in some households, customs vary across regions and families. Find out which purchases are traditionally avoided on Dhanteras and why.
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.
US manufacturing strengthens in October, input prices stay high
US manufacturing activity accelerated in October, with the ISM manufacturing PMI rising to 55.5 from 54.5 in September, beating Reuters-polled economists' expectations. Strong consumer and AI-related business spending supported growth, but factory input prices remained elevated at 75.2, reinforcing concerns that US inflation could stay above the Federal Reserve's 2% target.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
Oil prices matter to the Indian economy, and the market responded with a smart rally as Brent crude cooled significantly on Monday. The rally was broad-based and involved all segments. But too much should not be read into one day’s showing. The thing to watch remains the results of the US mid-term elections which will be known in India through Wednesday. It will decide which way the market will move in the coming days and weeks.
Dhanteras 2026 Shopping Guide by Zodiac Sign: What Each Rashi Should Buy for Prosperity
Dhanteras 2026 falls on Friday, November 6. Gold and silver are popular purchases on this auspicious day, but traditional astrology also offers zodiac-wise shopping suggestions. From copper and silver items to brass utensils, books and practical household essentials, here is what each Rashi can consider buying on Dhanteras for a symbolic start to prosperity, along with budget-friendly alternatives.
Charting the global economy: Central banks hold rates steady
Global central banks have opted to keep interest rates unchanged amidst growing inflation worries stemming from energy costs. While the Federal Reserve and the European Central Bank signaled potential hikes during their December meetings, the US economy displays robust growth from business investments and consumer activity.
In 1997, Sweden used copper-smelting slag beneath a road near Luleå; after 10 years, copper, nickel and zinc leaching had declined below recommended thresholds
A decade-long study in Sweden investigated the environmental effects of incorporating copper slag in road construction. The researchers observed a significant reduction in the leaching of metals like copper, nickel, and zinc over time. While initial tests indicated high metal concentrations in various materials, the findings imply that the environmental concerns related to these materials are primarily short-lived.
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.
Metals thrust, strong growth engines power Vedanta's stellar July-September
The metals-to-oil conglomerate's profit in Q2 was boosted by higher base metal prices. Vedanta attributed its robust Q2 show to higher commodity prices and favourable foreign exchange movements, among other things.
Hyundai Motor India's Q2 profit falls 24% as commodity costs blunt tax-cut boost to demand
Hyundai Motor India reported a profit drop of 24% in the second quarter due to increased raw material costs. Rising commodity prices for materials like copper and steel squeezed profitability despite strong vehicle demand. The company's profit after tax for the quarter was Rs 1,196 crore, down from Rs 1,572 crore the previous year. Total revenue increased significantly to Rs 20,696 crore, marking a record quarter.
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