The World Gold Council launched its new consumer research report highlighting opportunities for gold for those working in both retail investment and jewellery markets. The significant piece of research, with an 18,000-strong sample, looks at a range of markets including China, India, North America, Germany and Russia, and highlights unique insights into attitudes towards and […]
Wheat planting remained lower by 37 per cent at 9.69 lakh hectare till last week of the ongoing rabi (winter) season of the 2019-20 crop year, but the acreage under oilseeds was higher during the period, according to the agriculture ministry’s latest data. According to the latest data released by the ministry, farmers have planted […]
Chinese steelmaker Jingye has agreed to buy the ailing British company, British Steel. Although the deal still faces regulatory hurdles, if concluded it would safeguard thousands of jobs in the U.K., mostly at British Steel’s Scunthorpe operations in Lincolnshire. And it would bring stability to a firm that has faced upheaval as the steel industry […]
Global rice production in 2019-20 is expected to remain flat as a large harvest from India is expected to offset lower volumes from Indonesia and the Philippines, the US Department of Agriculture (USDA) said. “Global rice production is nearly unchanged this month, as a larger Indian crop is fully offset by smaller harvests for Indonesia […]
Coal India has invited bids from developers for setting up a 100 MW solar power plant in Solar Power Developer and Operator mode in Chhattisgarh. It will cater to the green energy requirement of Coal India subsidiary of South Eastern Coalfields which consumes around 850 million units of power annually. This is part of Coal […]
Iran has claimed to have discovered a new oilfield in the southwest of the country that has the potential to boost its reserves by about a third, President Hassan Rouhani said to Reuters. “Workers and the exploration arm of the National Iranian Oil Company…have found an oilfield with 53 billion barrels of reserves,” Rouhani said […]
The current round of coal block auction for the non-regulated sector is likely to fetch four states about Rs 43,000 crore over the life of the mines from the extractable reserves, analysts said, as reported in the Economic Times. This, however, assumes that the entire extractable reserve of the six blocks auctioned under the current […]
Vegetable prices have risen by up to 50 per cent the past two weeks in across Maharashtra due to a sharp decline in supply, as unseasonal rain delayed harvesting and damaged crops, reports Business Standard. Onion wholesale prices in Mumbai surged by 52 per cent to trade at Rs 47 a kg, from Rs 31 a […]
CRISIL expects shrimp exports from India to nearly double to $7 billion by 2022, driven by strong demand, high quality, improved product mix, and an increase in aquaculture area in Andhra Pradesh, Gujarat, Odisha and West Bengal – even as its Asian rivals battle structural issues and rising domestic consumption. In fiscal 2016, India became […]
India’s sputtering economy is turning the energy-hungry nation into an unlikely source of diesel exports, reports Bloomberg. The industrial fuel is the lifeblood of Indian manufacturing, transport and agriculture, making it the country’s most-consumed petroleum product. But five straight quarters of slowing growth is taking an increasing toll on demand, resulting in diesel consumption slumping to the lowest since […]
