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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Indian industry urged the government to announce Production Linked Incentives (PLI) for vaccine manufacture similar to those announced earlier for ten other sectors in order to deal with the crisis posed by a second wave of Covid. “We need to work on a mission mode to substantially ramp up Covid vaccine manufacturing and supply,” the […]
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 […]
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 […]
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 […]
