COMMENT – Surprising resilience of Indian metals probably has a China connection

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In a bleak post covid manufacturing environment, India’s metals sector appears to be holding steady in the near term, thanks to surprisingly robust export demand. Production of metals and metal products is expected to be moderate during the first quarter of this fiscal year, while capacity utilisation during the period is in line with the year […]

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COMMENT – Is Reliance Industries delaying Aramco deal?

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At the RIL annual general meeting held last week, Chairman Mukesh Ambani said that there might be a delay in the proposed deal with Saudi Aramco, raising concerns if the Reliance Industries-Saudi Aramco transaction is less desirable now. “Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed according to […]

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COMMENT – Pandemic bleeds global economy, but trade upturn could provide hope

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The global economy is bleeding thanks to the COVID-19 pandemic that continues to spread and kill people in thousands across the world, hitting newer countries and sometimes reappearing for a second wave in places it was believed to have walked away from after its earlier dance of destruction. However, there is a ray of hope […]

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COMMENT – Renewable energy has an edge in post-COVID India

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India’s Finance Minister Nirmala Sitharaman recently announced a slew of reforms and financial initiatives to kickstart the economy ravaged by the Covid -19 pandemic and subsequent lockdown of the country. As part of the government’s stimulus package, a one-time liquidity injection of Rs 900 billion has been earmarked for power distribution companies (discoms), which have […]

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