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HCL Technologies and Cherwell Software, LLC announced a product platform that layers the DRYiCE GBP on the Cherwell Service Management platform.

The share price of HCL Technologies touched a 52-week high of Rs 1,171.95, rising 3 percent intraday Tuesday after the company entered into a partnership with Cherwell Software.

HCL Technologies and Cherwell Software, LLC announced a product platform that layers the DRYiCE GBP (Gold Blue Print for Service Management) on the Cherwell Service Management platform, company said in BSE release.

HCL Technologies’ process simplifies IT service design and management for customers, while Cherwell’s low-code platform offers the easy customization of new IT services and the extension of digital services beyond IT, company added.

Kalyan Kumar, Corporate Vice President, and CTO-IT Services at HCL Technologies said, “We are pleased to offer Cherwell’s advanced service management platform for delivery within our industry-leading ITSM process ecosystem with DRYiCE GBP and also provide our customers with rapid flexibility and choice to deploy the product on a codeless platform."

At 11:22 hrs HCL Technologies was quoting at Rs 1,168.90, up to Rs 31.10, or 2.73 percent on the BSE.

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Just 0.02% (4,800) of all new cars sold in India in 2016 were electric

The 2018 edition of Auto Expo showcased some 50 electric vehicles (EVs), reflecting the buzz created by the government’s proclaimed intention to sell only electric cars by 2030, to both reduce vehicular pollution and curb India’s dependence on petroleum product imports.

The displays signalled the industry’s capability and eagerness to tap this new market. Just 0.02% (4,800) of all new cars sold in India in 2016 were electric. In contrast, as many as 2.5 million conventional cars are sold every year, and a matching sales figure for EVs hints at a huge market.

Based on road transport minister Nitin Gadkari’s announcement that a policy dedicated to promoting and regulating EVs was in the works, EV manufacturers and sellers were expecting a policy and regulatory framework laying out a roadmap for creating an ecosystem comprising, most importantly, charging stations, as well as rolling out incentives for both manufacturing and purchasing EVs.

On February 16, 2018, the heavy industries ministry issued a draft National Auto Policy for discussion, acknowledging the importance of green mobility but referring to EVs as just one among several alternatives such as vehicles run on biofuels, CNG and hydrogen. No specific timelines for targets, infrastructure building and incentives for any of these were outlined, and, most worryingly for EV makers, no plans were specified for aligning India’s flagship EV programme, Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME), with the overall electric vehicle vision or with the domestic manufacturing programme, Make in India.

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The aluminum futures contract on the Multi Commoaluminumange (MCX) fell breaking below the crucial support level of ₹135 a kg last week.

However, the contract failed to sustain lower and reversed sharply higher after making a low of ₹135.5 on Wednesday. The strong upwards reversal from the low of ₹135.5 suggests that the contract lack fresh sellers to drag it strongly below ₹137. It also indicates that the contract attracts fresh buying interest at lower levels.

The contract is currently trading at ₹141 per kg. The near-term outlook is positive. Immediate resistance is at ₹143 which is likely to be tested in the near-term. Inability to break above ₹143 can drag the contract lower towards ₹140 or even ₹137 again.

But, if the contract manages to break above ₹143 in the coming days, it can move further higher to test the next crucial resistance levels of ₹145 and ₹146. A strong break above ₹146 is needed for the contract to gain fresh momentum. Such a break will increase the likelihood of the contract targeting ₹150 over the medium-term.

On the other hand, the outlook will turn negative only if it breaks and closes decisively below ₹137. Such a break will increase the likelihood of the contract tumbling towards ₹133 on the back of profit-booking.

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Oil markets were split on Tuesday, with US crude was pushed up by reduced flows from Canada while international Brent prices eased. US West Texas Intermediate (WTI) crude futures were at $62.16 a barrel at 0153 GMT, up 48 cents, or 0.8 percent, from their last settlement.

Traders said the higher WTI prices were a result of reduced flows from Canada's Keystone pipeline, which has been operating below capacity since late last year due to a leak, cutting Canadian supplies into the United States.

Outside North America, Brent crude eased on the back of a dip in Asian stocks and a stronger dollar, which potentially curbs demand as it makes fuel more expensive for countries using other currencies domestically. Brent crude futures were at $65.23 per barrel, down 44 cents, or 0.7 percent, from their last close.

Despite this, oil markets remain well supported due to supply restraint by the Petroleum Exporting Countries (OPEC), which started last year in order to draw down excess global inventories. OPEC Secretary-General Mohammad Barkindo said on Monday the organization registered 133 percent compliance with agreed output reduction targets in January.

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Silver futures were trading higher during the afternoon trade in the domestic market on Friday taking positive cues from the global market. Market analysts said a firm trend in precious metals in global market mainly attributed to the rise in silver prices at the futures trade.

At the MCX, silver futures for March 2018 contract was trading at Rs 38844 per kg, up by 0.87 per cent, after opening at Rs 38,693, against a previous close of Rs 38,509. It touched the intra-day high of Rs 38,870.

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The price of standard gold (995 purity) moved up by Rs 70 to open on Friday at Rs 30,645 per 10 grams in the popular Zaveri Bazaar in Mumbai

Gold prices on Friday jumped 0.23 percent in Mumbai to hit the highest point in about 15 months since demonetization in November 2016.

The price of standard gold (995 purity) moved up by Rs 70 to open at Rs 30,645 per 10 gm in Zaveri Bazaar. In November 2016, bullion was traded at Rs 30,600 per 10 gm in official transactions. Unofficially, however, gold was traded even at Rs 45,000 per 10 gm.

The movement in gold prices in India is largely dominated by fluctuations in world markets. In the benchmark London spot market, gold was trading at $1,361 an ounce (28 gm) in early trade on Friday afternoon. This is the highest level since August 2016.

Investors are booking gold after the collapse of cryptocurrencies such as bitcoin.

“There has been a confluence of factors supporting the rise in gold prices, which remained low for more than a year. The US interest rate hike, which kept gold prices subdued over the last one year, has started working in its favor due to inflationary pressure.

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