BIMAN MUKHERJEE Indian basmati rice exports to Iran, which accounts for a quarter of the total market, have been hit by inordinate payment delays as war clouds gather in the horizon, exporters said. Total payment of around Rs 1,700 crore are stuck as Iranian authorities have not released payment orders for buying Indian basmati rice. […]
Developed by G Hemaprabha and Bakshi Ram of Coimbatore-based Sugarcane Breeding Institute, the sugarcane Co-11015 variety can increase yield to 142 tonne petr hectare from about 100 tonne currently achieved through the Co-86032 variety. According to Ram, director of the institute, though the variety has been approved by Tamil Nadu it is yet to be […]
The 2019 Central Bank Gold Reserves (CBGR) survey points to continued robust central bank demand for gold in the short and medium term. A good 11 per cent of emerging market and developing economy (EMDE) central banks surveyed say they intend to increase their gold reserves over the next 12 months. This is similar to […]
The government has permitted export of 1,239 tonnes raw sugar under its tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff. TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff applies on additional imports. […]
The Iranian National Guard Corps (IRGC) is claiming that is has seized a British oil tanker for violating International maritime law. The vessel, named the Stena Impera, according to the IRGC, was captured while traversing the Strait of Hormuz at the request of Hormozgan Ports and Maritime Organization “for failing to respect international maritime rules.” […]
The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking forward, supplies are set to tighten in the second half of the year, but that may only be a hiatus before the glut returns. Global oil supply exceeded demand by about 0.9 million barrels per […]
In order to meet the growing demand for electricity, China’s biggest power generator, China Energy Group is planning to build 11 gigawatts (GW) of new coal power during this and next year, according to senior official with the firm on Thursday. More than 6 GW of new ultra-low emission coal-fired capacity will be added this […]
BY RITWIK SINHA Frustrated for years by India’s red tape, London-based shipping and oil -drilling conglomerate Foresight Group is now betting big that the country’s energy landscape is about to transform. It plans to spend as much as $250 million in buying 10 such large crude carriers by the end of next year for shipments […]
Business sentiment in India fell to its lowest level since June 2016, as companies were worried over a slowing economy, government policies and water shortage, a survey said. According to the IHS Markit India Business Outlook, predictions of softer activity growth underpin the downward revisions of profit outlook, subdued hiring plans and relatively muted capital […]
Gem and jewellery exports declined 16.26 per cent to $2,826 million during June 2019 from $3,375.17 million during the same month last year. Exports during the first quarter of FY20 declined by 10.38 per cent to $9.18 billion from $10.25 billion during the same period last year. Experts say that the trend seen in first quarter is […]
