After CRISL cutting down India’s GDP growth estimate to 6.9 per cent, India’s GDP growth is likely to be 6.2 per cent during the current fiscal, down from 6.8 per cent in 2018-19, on account of flat growth in agriculture sector, economic think-tank National Council of Applied Economic Research (NCAER) said. The prospects for agricultural […]
The US Energy Information Administration (EIA) forecast coal production totaling 688 million tonnes in 2019, down 2.7 per cent from the year-ago production, the EIA’s Short-Term Energy Outlook reported. August ’s forecast for 2019 output was up 0.6 per cent from July’s forecast , and the first increase in four months. The 2020 projection increased, […]
Consumers in India are selling old gold to benefit from high prices. The same is reflected in the data for the June quarter that the World Gold Council released on Thursday, in Gold Demand Trends. The report stated consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, […]
India’s gold imports in July plunged 55% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import taxes curtailed demand, a government source said on Monday. Lower purchases by the world’s second biggest consumer of gold could cap gains […]
Steel Minister Dharmendra Pradhan Thursday held a meeting with officials to discuss a road map for developing a steel hub in Odisha. “Met with steel industry stakeholders and senior officials of the ministry to chart out a road map for setting up a steel hub in Odisha. The state of Odisha is amongst the richest […]
The mysterious disappearance of VG Siddhartha, the founder of India’s largest coffee chain Cafe Coffee Day, followed by his suicide is indeed tragic. Indian Express reported that late Cafe Coffee Day founder VG Siddhartha had deep business interests in Odisha that went beyond the popular cafe chain. Along with the CCD outlets at several places […]
The U.S.-China trade war is sparking so much fear over demand that even those parts of the commodity world that aren’t in the direct firing line are getting burned, says a report by Bloomberg Oil had its biggest sell-off in four years after U.S. President Donald Trump brought an abrupt end to a truce forged […]
India has imposed tariffs on welded stainless steel pipes and tubes from China and Vietnam for five years effective July 31, the Ministry of Commerce and Industry said. “The product under consideration has been exported to India from subject countries at subsidized value, thus resulting in subsidization of the product,” the Ministry said adding as […]
India’s per capita copper consumption is expected to increase from the present level of 0.5 kg to 1 kg by 2025. “While infrastructure will spur demand growth of refined copper in the country other key drivers would include thrust on increasing urbanization, development of industrial corridors, smart city projects, housing for all Indians by 2022, […]
Credit rating agency CRISIL Research has sliced its estimate of India’s gross domestic product (GDP) growth by 20 basis points to 6.9 per cent for this fiscal, following a triangulation of downside risks: weak monsoon, slowing global growth, and sluggish high-frequency data for the first quarter. The slowdown would be pronounced in the first half, […]
