BIMAN MUKHERJEE Indian basmati rice exports to Iran, which accounts for a quarter of the total market, have been hit by inordinate payment delays as war clouds gather in the horizon, exporters said. Total payment of around Rs 1,700 crore are stuck as Iranian authorities have not released payment orders for buying Indian basmati rice. […]
BY RITWIK SINHA Frustrated for years by India’s red tape, London-based shipping and oil -drilling conglomerate Foresight Group is now betting big that the country’s energy landscape is about to transform. It plans to spend as much as $250 million in buying 10 such large crude carriers by the end of next year for shipments […]
China State Construction Engineering Corporation is looking for opportunities in Iraq’s oil industry and believes it could sign at least one contract per year for oil infrastructure in Iraq, Yu Tao, the head of the Middle Eastern division of the Chinese construction giant, told Reuters on Thursday. “We are paying more attention to the oilfields because that […]
BIMAN MUKHERJEE India’s coal-based power generation is likely to see subdued growth for at least the next two financial years, amid oversupplies and phasing out of old capacities, according to India Ratings and Research. Capacity addition, which had fallen to a low of 3.6 Giga Watts in the fiscal year ended March, will add between […]
By Biman Mukherji Often called the poor man’s gold, it may soon be silver’s time to shine brighter for hordes of investors. While turbulent equity markets, geopolitical tensions and expectations of a U.S. Federal Reserve rate cut has driven up gold to six-year highs internationally and all-time highs in India recently, silver has lagged unusually […]
Energy-hungry India is set to ratchet up its natural gas consumption over the next five years, helped by an abundance of supplies that has seen prices crashing to 3-year lows, CRISIL Infrastructure said. That should help the share of natural gas in the country’s energy mix to rise to !5% from around 6% today. “We […]
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Indian exporters of basmati rice, who have been facing uncertainty due to tensions between leading buyer Iran and the United States, will probably breathe easier with the launch of a futures contract that will enable hedging against such risks. The National Commodity and Derivatives Exchange Ltd (NCDEX) will today launch a basmati contract called Pusa […]
By Ritwik Sinha New Delhi: Kolkata-headquartered Anmol Industries is aiming to double its revenue in the next five years and eyeing expansion in new markets across the country, a top company official said. “Our management team is working on drafting a vision paper for future growth which will be ready in three months. It would […]
By Biman Mukherji Indian gold demand have started to sag following a recent run up in prices to record highs, exacerbated by the recent budgetary hike in import duty to 12.5% from 10%, dealers said. Prices of gold in key markets are currently quoting at a 1.5% discount to the landed price because of “slow […]
