India’s GDP may grow at 7.3% in FY20: Ind-Ra

India Ratings and Research (Ind-Ra) has revised India’s gross domestic product (GDP) growth estimate for fiscal 2019-20 to 7.3 per cent from 7.5 per cent earlier. The predicted lower-than-normal monsoon, the continued agrarian distress and the loss of momentum in the industrial output growth are being cited as the key reasons for the downward revision. […]

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A record $93 billion private capital flowed into natural resources in 2018: Report

Private capital tracker Preqin says in an update that contrary to expectations, 2018 was another bumper year for the metals and minerals industry, particularly for natural resources investments. Fundraising by unlisted funds for investment in natural resources – oil and gas, timberland, farmland, water and mines – set a fresh record in 2018 and is […]

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India’s economic growth to hit 7.6% in FY2019: ADB

India is expected to grow at a healthy 7.3 per cent in fiscal year (FY) 2018 helped by improved domestic demand, steady revival in industrial growth and reduced drag from net exports, according to a recently released Asian Development Bank (ADB) report. In an update to its flagship annual economic publication, Asian Development Outlook (ADO) […]

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Copper: Driving the green energy revolution

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Copper is known as “man’s first metal”, and for over 10,000 years, it’s been used in applications ranging from architecture to coinage. However, it was Michael Faraday’s discovery of electromagnetic induction in 1831 that turned demand on its head for the red metal. As the world used more and more electricity, copper became known as […]

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India’s multi commodities exchange, MCX set to launch world’s first brass futures contract

Multi Commodity Exchange of India Ltd (MCX), the country’s largest commodity exchange, has announced that it will commence futures trading in brass on Monday, March 26, 2018, marking the first time that a brass Futures contract will be traded on an organised exchange anywhere in the world. As there is no referenceable international or domestic […]

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