Think of rice and usually what comes to mind are white slender grains, which could be sticky or loose and sometimes fragrant. India, the world’s top rice exporter, is now looking to stamp its presence in the global market with an indigenous red variety. Laden with iron and grown without chemical fertilisers, India flagged off […]
Global primary aluminum production grew to 5.67 million tonnes in December, up 4.22% year-on-year, accompanying continuing demand growth, the International Aluminium Institute (IAI) reported. Average daily output during the month at 182,900 tonnes was nonetheless 0.33 per cent lower than in November 2020, IAI said. Primary aluminium is aluminium tapped from electrolytic cells or pots […]
Saudi Arabia has announced reductions in crude oil volumes to be supplied to at least nine clients in Asia and Europe following its decision to add another 1 million barrels per day (bpd) to its OPEC+ production cut quota to prop up prices. Bloomberg reports that the Saudi Kingdom will slash supplies to some refiners by between […]
It has been a dismal story for Guar producers in 2020. Guar prices were already negative affected in 2019 by weak demand from global markets, and in 2020 the ongoing COVID-19 pandemic made the situation far worse for the Guar seed industry. Demand from the oil rig companies where usage of guar gum to extract oil is higher, halted. World markets had turned sluggish mainly because of a slump in demand […]
The global coal consumption is set for a rebound by 2.6 per cent next year as the world’s heavy industry emerges from the pandemic crisis, the International Energy Agency said in its latest report on the fossil fuel. The forecast is, of course, based on the assumption that the global economy will begin to recover next year, […]
Kalpataru Power Transmission Ltd (KPTL) has secured new orders worth Rs 1,300 crore in the domestic and overseas market. The company said it has won orders in the T&D (transmission and distribution) business. In a regulatory filing, Kalpataru Power Transmission Ltd said it has secured new orders/notification of award of about Rs 1,300 crore. KPTL said […]
Soon after raising hot-rolled coil (HRC) prices by Rs 3,000 a tonne on 2 December, India’s domestic steelmakers have raised their benchmark product’s price by another Rs 2,200 per tonne. This price hike is effective from 9 December. A second hike during the month, on the back of buoyant domestic demand, was largely anticipated since […]
India has emerged as a net exporter of agri-machinery to some of the advanced countries like the US, the UK, Germany and Italy, the engineering export body said. The Engineering Export Promotion Council (EEPC) India Vice Chairman Arun Garodia said in a statement that tractors were the largest component of the agri-machinery exports from the […]
The Indian government is all set to propose a World Solar Bank during the next assembly of International Solar Alliance (ISA) scheduled to be held in October, according to a report in Business Standard. The proposed financing agency is aimed to pool resources from across the globe and use them to fund solar power projects in ISA […]
India’s gem and jewellery exports contracted by 38.10 per cent in July 2020 to $ 1.35 billion due to weak global demand on account of the COVID-19 pandemic, according to the Gems and Jewellery Export Promotion Council (GJEPC). The exports stood at $ 2.2 billion in July last year. This labour-intensive sector contributes about 15 […]
