For the second month in a row this fiscal year, India was a net importer of steel in November, with imports totaling 600,000 tones. This trend is symptomatic of a global slowdown in the metal cycle and ongoing pressure on the price of domestic products. According to a report from the Steel Ministry that was…
Following a drop in kharif production, the price of rice has increased by more than 8% since January, the Union government informed the Rajya Sabha today. The Union Minister of Agriculture and Farmers Welfare, Narendra Singh Tomar, responded to a question in the Rajya Sabha on Friday by stating that due to insufficient rainfall in…
Early on Saturday, the price of gold increased by Rs 280 per 10 kilos (24-carat) to reach 54,280. On the other side, silver prices today increased by Rs 1,400 per kilogramme to Rs 67,600 per kg. According to the GoodReturns website, ten grammes of 22-karat gold are currently trading at Rs 49,750, up Rs 250…
Project Pragati, the sustainable castor programme being implemented over the past six years in Gujarat, has taught, audited, and certified over 6,200 farmers. By utilising sound agricultural methods to boost productivity and income, Pragati was established in May 2016 by Arkema, BASF, Jayant Agro Organics, and implementation partner Solidaridad. Its goal is to enable sustainable…
With constant governmental backing and ambitious commitments made at COP26, India, the third-largest energy consumer in the world, is forecast to add 145 GW of renewable energy (RE) capacity over the next five years, with solar energy accounting for 75% of the expansion. In its most recent report, Renewable 2022, the International Energy Agency (IEA)…
Due to weak demand and record production in the 2021–22 crop year (July–June), dealers claim that turmeric has reversed the gains seen after Diwali. “Shortly after Diwali, turmeric prices in Telangana and Maharashtra marketplaces increased by $300–$400 per quintal. However, due to a decline in demand, they have already returned to their pre-Diwali levels. This…
Oil prices rebounded from a one-year low on Friday as traders bought into severely discounted markets, but they were still headed for steep losses this week as the outlook for petroleum consumption was weakened by growing recession fears and rising interest rates. The U.S.-Canada Keystone pipeline was shut down after a spill in Kansas, but…
In anticipation of important U.S. inflation data anticipated later in the day, investors made few moves in the price of gold and copper on Friday. However, the red metal was expected to have a strong week thanks to expectations that COVID limitations in China will be loosened. As a result of some safe haven trades…
The Cotton Association of India (CAI), the industry’s leading organization, has urged the Minister of Commerce, Food, and Textiles, to immediately reduce the 11 percent import duty on cotton. Atul S. Ganatra, president of CAI, wrote to Goyal to demand that the government reduce the duty on cotton because domestic prices are 15% higher than…
Hindustan Unilever, a major FMCG company, entered the health and wellbeing market by making strategic investments in Nutritionalab’s Wellbeing Nutrition and OZiva from Zywie Ventures. HUL would pay ‘264 crore in cash to acquire a 51% interest in OZiva through a combination of primary infusion and secondary buy-outs. HUL stated that the remaining 49% will…
