Latest news with #Commodities
The Star
2 days ago
- Politics
- The Star
Johari to perform duties of Natural Resources and Environmental Sustainability Minister
PUTRAJAYA: Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani will assume the duties and functions of the Natural Resources and Environmental Sustainability Minister, effective immediately. Chief Secretary to the Government and Cabinet Secretary Tan Sri Shamsul Azri Abu Bakar, in a statement on Friday (July 11), said the matter was agreed upon by Prime Minister Datuk Seri Anwar Ibrahim and conveyed during the Cabinet meeting on July 9. On May 28, Nik Nazmi Nik Ahmad announced his resignation as Natural Resources and Environmental Sustainability Minister, effective July 4. Nik Nazmi, 43, said he had done his best to implement key reforms since assuming the role of Natural Resources, Environment and Climate Change Minister in December 2022, and later the restructured ministry. Among the notable achievements during his tenure were amendments to the Environmental Quality Act 1974 and enhanced transparency in the reporting of Environmental Impact Assessments. He also cited his failure to retain the vice-president post in the recent PKR election as one of the factors that influenced his decision to step down. - Bernama
Malay Mail
2 days ago
- Politics
- Malay Mail
Johari Ghani to assume duties of natural resources minister after Nik Nazmi's exit, says chief secretary to govt
PUTRAJAYA, July 11 — Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani will assume the duties and functions of the natural resources and environmental sustainability minister, effective immediately. Chief Secretary to the Government and Cabinet Secretary Tan Sri Shamsul Azri Abu Bakar, in a statement today, said the matter was agreed upon by Prime Minister Datuk Seri Anwar Ibrahim and conveyed during the Cabinet meeting on July 9. On May 28, Nik Nazmi Nik Ahmad announced his resignation as Natural Resources and Environmental Sustainability Minister, effective July 4. Nik Nazmi, 43, said he had done his best to implement key reforms since assuming the role of Natural Resources, Environment and Climate Change Minister in December 2022, and later the restructured ministry. Among the notable achievements during his tenure were amendments to the Environmental Quality Act 1974 and enhanced transparency in the reporting of Environmental Impact Assessments. He also cited his failure to retain the vice-president post in the recent PKR election as one of the factors that influenced his decision to step down. — Bernama
Gulf Business
4 days ago
- Business
- Gulf Business
Finesse drives payment centralisation for ME Solaris Commodities, enhancing efficiency for leading grain trader
Image: Supplied Finesse, a global provider of AI solutions & leading digital system integrators, has successfully collaborated with ME Solaris Commodities, one of the largest grain traders operating in the Middle East, to centralise their payment processes via Kyriba Treasury Management System (TMS). This partnership has enabled ME Solaris Commodities to overcome significant challenges in payment decentralisation, thereby enhancing operational efficiency. The comprehensive solution encompasses bank and cash management, delivering real-time insight into global cash positions, along with streamlining payment capabilities and enhanced fraud protection. This implementation has optimised ME Solaris's payment processes, ensuring secure transactions and providing real-time visibility. 'We are delighted to partner with Finesse to achieve full global visibility and control of our finances through Kyriba' – Khalid Mammadov, Chief Accountant. 'This has been a game-changer, allowing the treasury team to focus on strategic growth instead of operational issues', said Andrey Ivanov, Group Head of Treasury. 'We are proud to have partnered with ME Solaris on their Kyriba implementation. Special thanks to Mr. Andrey Ivanov for his innovative ideas and steadfast support, which were instrumental in the success of this project. It was a pleasure collaborating with such a forward-thinking team' said Manoj Panicker VP – Sales Finesse. 'We're delighted to have supported ME Solaris Commodities in unlocking greater treasury efficiencies with Kyriba. Special thanks to Mr. Andrey Ivanov for championing innovation and steering this project to success' said Dhwani Sejpal, VP – Treasury Transformations at Finesse. Adding to this Dheeraj Khanna Pendum, AVP – Kyriba Projects commented 'We value the trust ME Solaris Commodities placed in us for this strategic implementation. Working alongside this team, whose vision and commitment inspired us throughout, has been truly rewarding.' ME Solaris Commodities is now better equipped to handle complexities, using real-time data and analytics for strategic decisions. The implementation has provided benefits such as real-time cash visibility across currencies and regions, streamlined payments, and improved financial control. Finesse thanks ME Solaris Commodities for trusting us with this initiative. Their cooperation and commitment were key to the project's success. We look forward to supporting ME Solaris's ongoing growth.
United News of India
23-06-2025
- Business
- United News of India
Sensex tanks by 601.03 points
Mumbai, June 23 (UNI) The BSE Sensex on Monday tanked by 601.04 points to 81,807.13 in early trade, influenced by Asian market trends as investors closely monitor potential retaliatory actions by Iran following a US attack on its nuclear site, traders said. The Nifty too declined by 178.90 pts to 24,933.50. Sensex registered intra-day highs and lows at 81,984.44 and 81,702.52, respectively. The Nifty registered a day's high at 24,988.10 and a low at 24,929.55 pts. Midcap fell by 285.36 points, and small cap declined by 274.27 pts. All sectoral indices were trading in red, with IT being the top loser, down by 1.23 pc. Other losers were Commodities by 0.54 pc, Energy by 0.60 pc, FMCG by 0.58 pc, Financial by 0.61 pc, Healthcare by 0.49 pc, Industrial by 0.43 pc, Telecom by 0.32 pc, Utilities by 0.67 pc, Aito by 0.56 pc, Banxex by 0.62 pc, Capital Goods by 0.22 pc, Consumer Durables by 0.85 pc, Metals by 0.74 pc, oil & gas by 0.39 pc, Power by 0.91 pc, Realty by 0.77 pc and Teck by 0.92 pc. Sensex gainers were BEL by 2.03 pc to Rs 416.35 and Bharti Airtel by 0.08 pc to Rs 1,938.05. The Sensex losers were Infosys by 1.83 pc to Rs 1,592.00, HCL Tech by 1.28 pc to Rs 1,717.40, HUL by 1.23 pc to Rs 2,276.45, Eternal by 1.09 pc to Rs 250.65, Asian Paints by 1.05 pc to Rs 2,261.00, Power Grid by 1.04 pc to Rs 290.15 and TCS by 0.97 pc to Rs 3,401.40. UNI JS ARN
The Print
18-06-2025
- Business
- The Print
Silver rallies to hit fresh peak, gold gains Rs 540 as Israel-Iran conflict intensifies
On Friday, silver had revisited its previous all-time high of Rs 1,08,100 per kg. According to the All India Sarafa Association, the white metal had closed at Rs 1,07,200 per kg in the preceding session on Tuesday. New Delhi, Jun 18 (PTI) Silver prices rallied Rs 1,000 to hit a record high of Rs 1,08,200 per kilogram while gold gained Rs 540 to stay above Rs 1 lakh per 10 grams in the national capital on Wednesday as the Israel-Iran conflict intensified on its sixth day, driving investors to safe-haven assets. 'Silver prices extended gains and crossed USD 37 per ounce level in the international markets for the first time since February 2012. Weakness in the rupee is supporting bullion prices in the domestic markets,' Rahul Kalantri, Vice-President – Commodities, Mehta Equities, said. As per the Sarafa Association, the precious metal of 99.9 per cent purity climbed by Rs 540 to Rs 1,00,710 per 10 grams (inclusive of all taxes) on Wednesday. Gold of 99.5 per cent purity appreciated by Rs 500 to Rs 99,950 per 10 grams (inclusive of all taxes). On the Multi Commodity Exchange, the most traded August contract for gold futures was trading at Rs 99,411 per 10 grams, lower by Rs 130 per 10 grams. Additionally, silver futures for July contract jumped by Rs 753 to hit a lifetime high of Rs 1,09,748 per kg. Spot gold fell 0.23 per cent to USD 3,380.97 in the global markets. According to Kotak Securities, gold prices are holding below USD 3,400 per ounce, as dollar strengthened with traders focussing on escalating Middle East tensions. The brokerage firm said US President Donald Trump's call for Iran's unconditional surrender and discussions of potential strikes against Iranian leader Ayatollah Ali Khamenei have 'heightened fears of direct US involvement in the conflict', fuelling safe-haven demand among investors. In the international markets, spot silver rose 0.15 per cent to USD 37.18 per ounce. 'Market participants stay cautiously bullish in near term awaiting more cues from US FOMC (Federal Open Market Committee) meeting with interest rate decision due later tonight,' Maneesh Sharma, AVP – Commodities & Currencies at Anand Rathi Shares and Stock Brokers, said. PTI HG HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
