India’s diamond industry, one of the worst-affected by the Covid pandemic, is fast regaining its lost sparkle amid a recent upsurge in spending in key markets US and China. The slide in profitability this fiscal year is now seen at -20% rather than -33% that was expected earlier, according to rating agency CRISIL. That will […]
The southern Indian state of Andhra Pradesh, a major producer of renewable energy (RE), which had an installed capacity of 8,421 megawatt (MW) till 31 December 2020, has released feasibility reports of five project sites for setting up ultra-mega solar power parks under its renewable energy export policy announced in July 2020. The RE export policy, which […]
The Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets dairy products under the brand Amul, expects a 12-15 per cent growth in revenue in the current fiscal year over the previous year despite the COVID-19 pandemic and operational hurdles after a nationwide lockdown, The optimism stems from the growing household demand for branded food […]
India is aiming to establish smart power grids that will be pivotal to its goal of providing affordable and reliable electricity throughout the day to all consumers, Amitabh Kant, chief executive officer at Niti Aayog, said on Tuesday. He said that such power grids will enable a balance to be achieved in distribution and consumption as […]
An influential section of farmers group has reiterated their demand for legal guarantees for minimum support prices (MSPs) and repeal of three key legislations for withdrawing their protest while another moderate section urged a dialogue with the government. Yogendra Yadav, leader of Swaraj India, rejected any amendments to resolve the issue. He said the calculation […]
Has gold’s rally finally come to an end? Prices of the precious metal rose to all-time highs in early August, but since then have come off 10% from those levels. Investors are probably weighing whether to remain invested in the commodity. However, Sprott CEO Peter Gross I old sees the recent pullback as “a healthy […]
India’s basmati rice exports are set to touch a record 5 million tons in 2020/21, which could potentially increase still further if the government and state-run agencies are able to resolve a payment snag with key consumer Iran, Vinod Kaul, executive director of the All India Rice Exporters Association said Tuesday. Speaking at a meeting organised by […]
Farmers’ protests against three key laws for reforms has disrupted business worth up to 50 billion rupees and likely to hurt India’s economic recovery from the pandemic, traders and industry officials said. The Confederation of All India Traders (CAIT) called upon farmer leaders to resolve their issues with the government in a spirit of cooperation. At the same […]
World’s cotton ending stocks are expected to decline by 3.9 million bales during 2020/21 at 97.5 million bales, reflecting lower production and higher consumption, according to the US Department of Agriculture (USDA). The stocks will drop by 1.9 million bales from last year’s level. The decline in production by 2.2 million bales during the year […]
Gold-backed Exchange Traded Funds recorded their first net outflows in a year and second-largest monthly outflows ever in November, the World Gold Council said in a report. Gold ETF holdings decreased by 107 tonnes during the month equivalent to $6.8 billion or 2.9 per cent of assets under management. That came on the back of […]
