Business
Commercial LPG cylinders cheaper by Rs 51.50; ATF cut by 1.4%, domestic gas prices unchanged – The Times of India
Prices of aviation turbine fuel (ATF) and commercial LPG were reduced on Monday, bringing partial relief to airlines and businesses, though domestic cooking gas rates remain steady.Aviation turbine fuel (ATF) prices were cut by 1.4 per cent on Monday, while commercial LPG cylinders became cheaper by Rs 51.50, reflecting a decline in global benchmark rates, PTI reported.According to state-owned fuel retailers, jet fuel in the national capital was cut by Rs 1,308.41 per kilolitre, or 1.4 per cent, to Rs 90,713.52 per kl. This comes after two consecutive monthly hikes since July, which together raised ATF prices by Rs 8,949.38 per kl in line with spurt in international oil rates triggered by geopolitical tensions and trade wars.Fuel accounts for nearly 40 per cent of operating costs for airlines, and the cut is expected to ease some of the pressure, though carriers did not immediately comment on the move. In Mumbai, ATF was priced at Rs 84,832.83 per kl, down from Rs 86,077.14, while in Chennai and Kolkata prices were revised upward to Rs 94,151.96 and Rs 93,886.18 per kl, respectively. Rates vary across cities depending on local taxes like VAT.Alongside, the price of commercial LPG used in hotels and restaurants was reduced by Rs 51.50 per 19-kg cylinder, with the new rate in Delhi at Rs 1,580. This marks the sixth straight monthly cut since April, with cumulative reductions totalling Rs 223 per cylinder. Rates were last cut by Rs 33.50 on August 1.While oil prices remain volatile globally, benchmark LPG rates have softened because of subdued demand during summer months. Domestic LPG prices, however, remain unchanged at Rs 853 per 14.2-kg cylinder, after a Rs 50 hike in April.Public sector oil firms — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) — adjust ATF and cooking gas rates on the first day of every month based on international benchmarks and currency exchange rates.Petrol and diesel prices have been frozen since mid-March last year, when they were cut by Rs 2 a litre ahead of general elections. Petrol costs Rs 94.72 a litre in Delhi, while diesel is priced at Rs 87.62.
Business
Walmart and Alquist strike landmark deal, jump-starting 3D-printed commercial real estate
Construction company Alquist 3D worked with Walmart last year to build a nearly 8,000-square-foot 3D printed addition to its store in Athens, Tennessee.
Alquist
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
Walmart partnered with construction company Alquist 3D last year to build an almost 8,000-square-foot addition to its store in Athens, Tennessee, for online order pickup and delivery services. It is the largest 3D-printed commercial structure in the U.S. and, despite a bumpy start, a key proof of concept for the technology’s commercial viability.
Alquist, based in Greeley, Colorado, just announced it will now print more than a dozen new Walmart buildings, as well as buildings for other commercial retailers, in what is arguably the largest-scale commercial real estate deployment of this technology, which has mostly been used in residential construction so far.
As part of that deal, Sika, one of the world’s largest construction materials companies, with a heavy focus on sustainability, will provide materials to Alquist for all future 3D-printed projects and licensees. This will streamline Alquist’s national pipeline, lower material and freight costs, and accelerate development of more sustainable mixes for large-scale 3D-printed construction — including the commercial projects rolling out with Walmart, according to Alquist.
“This collaboration positions Sika at the forefront of next-generation construction, opening new markets and creating long-term growth opportunities,” said Noah Callantine, 3D concrete printing engineer and field service specialist with Sika.
It is a clear turning point in CRE construction, which has been notoriously slow to modernize. The new technology has started to grow in the homebuilding market, but has been far slower in commercial construction, simply due to the size of the printers needed to create larger buildings.
Alquist, which designs and builds the larger-scale printers, as well as develops the code and software to operate them, started in the residential sector. It is now partnering with a large equipment rental dealer and a full-service general contractor to scale the technology commercially nationwide. Doing so helps to lower the high cost of materials, as well as the labor, which needs to be both trained and local, according to Alquist.
“The way to bring prices down [for] anything is to get volume, and as you get volume, you get the attention of suppliers. They see that it matters, and the more that they make, the cheaper that they can bring their supply chain down,” said Patrick Callahan, CEO of Alquist.
Growing pains
Construction company Alquist 3D worked with Walmart last year to build a nearly 8,000-square-foot 3D printed addition to its store in Athens, Tennessee.
Alquist
Callahan’s background is in defense technology, not construction, and he has positioned Alquist as a tech company. He said he follows the mandate of company founder Zach Mannheimer to find ways to build residential and commercial buildings and infrastructure faster, cheaper, better and greener.
He admitted the first project in Athens took far too long, as they worked out the kinks in both managing the materials and implementing the technology to print their first commercial building.
“It was a sort of classic Silicon Valley failing forward job,” Callahan said. “We were not part of the design process. They changed permitting. … The general contractor that we fell under met us about a week before we started, and nobody had ever done this before.”
The second project, a 5,000-square-foot Walmart pickup center in Huntsville, Alabama, took just seven days to complete.
3D labor
While the projects take far fewer workers, they need to be more highly trained than typical construction trades. Alquist partners with trade schools for its curriculum, introducing robotics and green materials. Callahan said that has been more attractive to what has been a severely reduced construction labor market in recent years.
“You’re not necessarily throwing rocks around up on a scaffolding, but using robotics in a safe, clean environment,” Callahan said. “We’ve seen a lot of what used to be traditional construction folks that kind of pushed back, they’re now leaning in.”
Growing competition
Icon Build, the largest residential 3D printing technology company, is also starting to dip its toes into commercial construction. It has completed a hotel project and is now in talks with potential commercial partners, including for construction of data centers. Its forthcoming Titan printer will be able to handle those larger-scale projects.
“I think once that’s out in the world, showing what it can do, verifying the cost estimations that we’re making to customers, I think that’ll probably open a lot of people’s eyes,” said Jason Ballard, co-founder and CEO of Icon. “I think we should expect to see a lot of interest in alternative ways of construction, data centers and other kinds of commercial things as well.”
But Ballard sees more headwinds than Callahan, particularly when it comes to labor. He said data centers are already “sucking up a lot of the labor in the market.” He added that 3D printing for commercial buildings will have similar pressures as residential to build more affordably and more quickly relative to conventional construction methods.
That said, Ballard said next year Icon will be manufacturing at least one of the new Titan printers each month, setting itself up to scale construction dramatically. Those printers will be able to create most types of industrial commercial buildings, although they are not ready for high rises.
“If we do what I expect that we’re going to be able to do next year and show, both on the revenue side, the cost side, the technology advancement side — I think we’ll grow over 300% next year, and we were already pretty busy this year,” Ballard said. “I think the world’s going to start to say, perhaps there are real opportunities to do better, beyond the pilot scale.”
Business
Sensex, Nifty Slip Ahead Of US Fed Decision; Sensex Falls 275 Points
Mumbai: Benchmark indices Sensex and Nifty closed lower on Wednesday as investors stayed cautious ahead of the US Federal Reserve’s monetary policy decision due later in the day.
The Sensex fell 275.01 points, or 0.32 per cent, to finish at 84,391.27. The Nifty also slipped 81.65 points, or 0.32 per cent, to settle at 25,758.
“Structurally, Nifty continues to face strong supply in the 25,940–26,050 zone, keeping the broader setup range-bound to mildly bullish,” market watchers said.
“A decisive breakout above 26,000 remains essential to revive upside momentum. On the downside, a sustained break below 25,700 could expose the index to 25,600–25,500, with volatility expected to intensify near these support clusters,” they added.
Bank Nifty also ended marginally lower — indicating a pause in the prevailing uptrend rather than a trend reversal.
The index opened near 59,280, moved up to 59,440, but later slipped to an intra-day low of 58,850 before closing around 58,990, down nearly 0.4 per cent.
Among the Sensex stocks, Tata Steel, Sun Pharma and ITC were the top performers. On the other hand, Eternal, Trent and Bharti Airtel dragged the index down with notable losses.
The mood was weak in the broader market as well. The Nifty MidCap 100 index declined 1.12 per cent, while the Nifty SmallCap 100 index shed 0.90 per cent by the close.
Sector-wise, consumer durables stocks saw the sharpest fall, with the Nifty Consumer Durables index tumbling 1.72 per cent.
IT and PSU bank shares also slipped, down 0.89 per cent and 0.70 per cent, respectively.
In contrast, Nifty Metal and Nifty Media indices ended the day on a positive note, emerging as the top sectoral gainers.
“Focus now shifts to the upcoming US Fed meeting, where a 25-bps rate cut is widely expected,” experts stated.
“However, internal divisions and mixed economic indicators may temper expectations for further rate cuts in 2026,” they added.
Business
Gold price today: How much 22K, 24K costs in Delhi, Mumbai – Check rates – The Times of India
Gold prices showed a mixed trend on Wednesday, with domestic futures inching up even as international rates dipped. On the Multi Commodity Exchange, February gold futures rose by Rs 173 to Rs 1,30,280 per 10 grams, while Comex gold for the same month traded marginally lower at $4,234.3 an ounce.Gold price in your city today:
Gold rate in Delhi today
In the national capital, 22K gold is currently priced at Rs 11,960 per gram, while 24K gold is selling at Rs 13,046 per gram.
Gold rate in Mumbai today
Mumbai is seeing 22K gold at Rs 11,945 per gram, and 24K gold available at Rs 13,031 per gram.
Gold rate in Bengaluru today
Bengaluru markets list 22K gold at Rs 11,945 per gram, whereas 24K gold is priced at Rs 13,031 per gram.
Gold rate in Chennai today
Chennai continues to record among the highest figures, with 22K gold marked at Rs 12,030 per gram and 24K gold at Rs 13,124 per gram.
Gold rate in Kolkata today
In Kolkata, 22K gold is being sold at Rs 11,945 per gram, while 24K gold is available at Rs 13,031 per gram.
Gold rate in Hyderabad today
In Hyderabad, 22K gold is priced at Rs 11,945 per gram, and 24K gold at Rs 13,031 per gram.
Gold rate in Ahmedabad today
Ahmedabad buyers are paying Rs 11,950 per gram for 22K gold and Rs 13,036 per gram for 24K gold.
Gold rate in Jaipur today
Jaipur has 22K gold priced at Rs 11,960 per gram, and 24K gold tagged at Rs 13,046 per gram.
Gold rate in Bhubaneswar today
In Bhubaneswar, 22K gold stands at Rs 11,945 per gram, while 24K gold is quoted at Rs 13,031 per gram.
Gold rate in Kanpur today
Kanpur’s market shows 22K gold at Rs 11,960 per gram, with 24K gold selling for Rs 13,046 per gram.
-
Business1 week agoCredit Card Spends Ease In October As Point‑Of‑Sale Transactions Grow 22%
-
Tech1 week agoI Test Amazon Devices for a Living. Here’s What to Buy This Cyber Monday Weekend
-
Tech1 week agoThe 171 Very Best Cyber Monday Deals on Gear We Loved Testing
-
Business1 week agoIndiGo Receives Rs 117.52 Crore Penalty Over Input Tax Credit Denial
-
Fashion1 week agoEastpak appoints Marie Gras as vice president, global brand
-
Business1 week agoGold And Silver Prices Today, December 2: Check 24 & 22 Carat Rates In Delhi, Mumbai And Other Cities
-
Fashion1 week agoWorld goods trade growth set to moderate as barometer index dips: WTO
-
Entertainment1 week agoRichie Moriarty on season 5 of "Ghosts," his character and the cast: "We really are a family"
