India to allow rooftop solar installations up to 500 KW to be billed under “net metering”

vivint-solar-ZEiFiOsV3K4-unsplash-scaled.jpg

In order to provide relief to the rooftop solar industry, the Indian government is proposing to allow rooftop solar installations with up to 500 kilowatt (kW) capacity to be billed under ‘net metering’. If the proposal is approved, those who have rooftop solar panels will receive higher tariffs from power distribution companies (discoms) for the […]

Read more

Sebi’s margin rules change harming commodities more than equities

sebi2.jpg

Changes to margin rules by Sebi have impacted trading volumes across asset classes over the past few months. Although the move is aimed at preventing brokers from providing excessive leverage to traders, limiting risk and protecting retail investors, margin funding is an important tool for smaller brokers and some market participants say further tightening of […]

Read more

China’s cotton imports set to increase to 2.4 million tonnes this marketing year

georgia-cotton-6-b1.jpg

China’s cotton imports are projected to increase marginally to 2.4 million metric tonnes in the current marketing year to meet higher demand for textiles and apparels, according to a report of the US Department of Agriculture (USDA). Its cotton imports last year were 2.3 million metric tons. World’s largest cotton supplier US exported 884,000 metric tons to […]

Read more

India on course for normal rains for second straight year

FullSizeRender.jpg

India will receive normal monsoon rains for a second consecutive year, which will help maintain food supplies even as parts of the country are again facing a near lockdown. Leading weather forecaster Skymet predicted that the rains during the June-September monsoon would be around 103% of the historical average. Bountiful monsoons helped India achieve a record […]

Read more

Adani Ports removed from New York stock exchange’s index for links with Myanmar military

macau-photo-agency-gzXGOKmk-1I-unsplash-scaled.jpg

Adani Ports and Special Economic Zone (APSEZ) has been removed from the Dow Jones Sustainability Indices, S&P Dow Jones Indices said in a statement, citing the firm’s business links with the Myanmar military responsible for the coup that overthrew the country‘s democratically elected government led by Aung San Suu Kyi on February 1 and the […]

Read more

Maharashtra exempts gems, jewellery manufacturing activities from Covid-19 emergency measures: GJEPC

IMG-8053-scaled.jpg

The Gem and Jewellery Export Promotion Council (GJEPC) said the Maharashtra government has allowed export operations to resume with restrictions in number of people working in the manufacturing units during the ongoing night curfew and weekend lockdowns to curtail the coronavirus spread. In a virtual meeting with the gems and jewellery manufacturers and exporters on […]

Read more

Tata Power puts on stream additional 400 MW of new solar capacity to avail of PLI scheme

science-in-hd-yqEJ8HQ8y2o-unsplash-scaled.jpg

Tata Power Solar Systems has put on stream an additional 400 MW solar module and cell manufacturing capacity, taking the total capacity to 1,100 megawatts (MW), from 700 MW that existed earlier. The company said it expected the demand to increase “due to supportive policy steps” taken by the government. The announcement was made on […]

Read more

China’s purchase of Iranian crude belies the “official” decline in its oil imports

zhipeng-ya-226wNx9p_tc-unsplash-scaled.jpg

China’s crude oil imports are estimated to have declined by 8.81 per cent month over month in March to stand at 11.26 million barrels per day (bpd). However, this assessment doesn’t show massive crude flows from Iran into China last month. In recent weeks, various reports have suggested that China has been considerably boosting its crude oil […]

Read more

Record high incidences of COVID cases could stall India’s oil imports

satyajeet-mazumdar-QzjEnlrP3ik-unsplash-scaled.jpg

India has been reporting record high numbers of new daily COVID-19 cases. Mumbai, the largest city has been put on lockdown, potentially threatening fuel demand and crude oil imports in the world’s third-largest oil importer. The new strict measures in India’s financial center and most populous city are now set to further impact oil consumption and […]

Read more