Are oil majors looking to invest in India?

After a brief hiatus following the signing of the Phase One Trade Agreement in January, tensions between Washington and Beijing have once again reached a fever pitch. The U.S. President Trump announced he would end Hong Kong’s special status, saying he would sanction Chinese officials responsible for smothering its freedom.   While Beijing has refrained from immediate retaliation, […]

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Indian commodity exchanges report 38% decline in daily volumes during May 2020

Indian commodity exchanges have reported 38 per cent decline in commodity derivatives business since the Covid-19 pandemic started spreading across the country. Between February and May, the daily average turnover in commodity futures trading slumped by 38%. India’s largest commodity exchange, the Multi Commodity Exchange of India (MCX), reported its daily average turnover (DAT) at Rs 15,658 […]

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Farmers woes to increase by Draft Order to ban 27 pesticides: CropLife India

After the government’s move to ban 27 pesticides in India, various agricultural organization and associations are opposing the draft bill. As per reports, the Ministry of Agriculture and Farmers Welfare issued a draft order on Monday outlining the pesticides set to be prohibited from manufacturing, sale, and import, which it said are “likely to involve risk to human beings and animals.” […]

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MEPS predicts 75 million tonnes shortfall in global steel production in 2020 due to the pandemic

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UK-based MEPS forecasts that global crude steel production will fall to 1.8 billion tonnes, in 2020. This equates to a reduction of 75 million tonnes, compared with the figure recorded in the previous year. Early indications suggested that 2020 would be a year of modest economic recovery. Activity had been trending downwards since the zenith […]

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Gold prices rise above Rs 46,000 as US Fed warns of recession; WGC predicts a slow recovery

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Gold prices climbed up after US Federal Reserve Chair Jerome Powell warned of a prolonged recession for the US economy due to COVID-19, which supported yellow metal prices. Powell also hinted that the US central bank will have a negative interest-rate policy which is off-base, but vowed to prop up the virus-hit economy. On MCX […]

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Covid-19 disrupts $6.9 billion of global mining output

Covid-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can’t get on-site due to restrictions. S&P Global Market Intelligence in a new report tallies the impact of these mine closures, showing Africa and the Americas hardest hit in terms of the number of […]

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