India’s gold demand has picked up since a sharp fall in gold prices from record highs in wake of the recent announcement of vaccines to combat covid, although volume of purchases remains below last year’s level due to postponement of weddings that usually occur during this part of the year. Gold prices in India have come […]
India’s recent $36 billion-worth economic stimulus measures that aim to boost manufacturing and create more jobs present a potential upside to the country’s economic growth forecasts, Moody’s said in a report on Thursday. Only about a week ago, the global ratings agency had revised upwards its previous growth forecast for the South Asian nation. It had […]
Growth of liquid milk sales in India is not seen being impacted by a sharp fall in institutional demand for dairy products due to a pandemic-led lockdown in the first half of the year, according to a report by credit ratings agency ICRA. Speaking with indoasiancommodites.com, Gaurav Jain, Vice President (Corporate Ratings), ICRA, said household […]
China has started buying small quantities of rice from the world’s largest exporter of the grain, India, whose shipments are set to hit a record this year, a top industry official said. Vinod Kaul, executive director of All India Rice Exporters Association, said in an interview that the orders for shipments have been placed recently. […]
India’s cabinet on Wednesday announced a production-linked incentive (PLI) programme worth Rs 2 lakh crore ($27 billion) for as many as 10 sectors, including food processing, with the aim of establishing the country as manufacturing hub. “The scheme will make Indian manufacturers globally competitive, attract investment and enhance exports, said Prakash Javadekar, minister for human […]
In a bleak year for the economy, India’s hopes of strong rural demand providing a fillip are at last being realised. Nowhere is this more evident than across different segments of the automobile industry — which represents around half of the manufacturing industry in the country. This is important as a recovery in automobiles indicates […]
India’s decision to reduce natural gas prices by 25% will dent the earnings of oil and gas exploration companies, though it will improve end-user consumption, analysts say. State-run Oil and Natural Gas Corporation and Oil India Limited will hurt their gas sales, which accounts for close to 20% of their overall production. The majority of […]
Eden Renewables India, an equally owned joint venture between international giants EDF Renewables and Total Eren has bagged three solar projects, totaling 1350 megawatt peak (MWp) in Rajasthan between April and July 2020. According to a press statement, these projects include two 450 MWp solar photo voltaic (PV) projects snagged during the last tenders awarded by […]
India’s gold imports hit a nine-month high in August at 58.5 tons, more than double of the same month a year ago, according to the World Gold Council. However, year-to-date imports were down 63%, showing the impact of the pandemic on the world’s top consumer. Around 70% of the demand during August were during the […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.2 million tonnes (Mt) in August 2020, a 0.6% increase compared to August 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update. China produced 94.8 […]
