The first-phase of the three-phase project is to set up the trade tower on over 4 million sq. ft area. The second phase is to develop the business district on 30 acres in seven years. In the third phase the remaining 16.28 acres of the business district on would be developed.
KH Muniyappa, Union minister of state for road transport and highways said once the consultancy firm, appointed to fix the value of assets of the gold mining company, submits its report on the entire stretch of 80 kilometer radii of Kolar, the tenders will be floated. This, he said, is likely to happen in the next three months.
Ministry of New and Renewable Energy signed the memorandum today with Iceland. According to the understanding, both the countries will decide upon project proposals related to design and development of various new and renewable energy technologies. They will also identify areas of mutual interest and cooperation for developing systems, sub-systems, devices, components for generating renewable energy, an official release said.
India's commodity markets regulator, the Forward Markets Commission has urged commodity exchanges to review the mechanism of spot market prices. In an interview to a leading business daily, FMC Chairman B C Khatua said the commodity exchanges should widen the sample size of the poll participants for spot market prices.
According to the US-based Financial Markets International, India's ban on foreign funds into commodity futures market is these days benefiting the Chinese commodity markets. It pointed out that the cumulative effect of foreign investment is undeniably positive. "Limiting foreign investment in India's commodity futures exchanges would deny a key impetus to a rapidly growing sector of the Indian economy," the report said.
The Sweden-based cosmetics company Oriflame is set to introduce 150 more products in India by next year, as competition among direct-selling companies in India rises with the entry of more multi-national players.
Three reconnaissance permits were issued during 2006-07 enlisting private participation for use of sophisticated equipments in exploratory work. Madhya Pradesh is the top state in India today in diamond mining with the Panna mine producing 15000 carats of both gem and industrial variety stones annually.
Firms whose imports are in dollar denominated currencies are the major beneficiaries. Companies, which are being hurt the most with the rising rupee, are those whose revenues are generated in dollars and whose costs are denominated in rupees. A million rupee question (rather than a million dollar) is what strategies the Indian firms should adopt to make their business sustainable.
The proposed steel plant is a joint venture wherein Essar would hold 65 per cent stake, VSC 20 per cent and the rest 15 per cent would be held by Vietnam General Rubber.
Caf Coffee Day is a division of India's largest coffee conglomerate, Amalgamated Bean Coffee Trading Company Ltd, popularly known as Coffee Day, a Rs. 300 crore (Rs 3 billion) ISO 9002 certified company. Coffee Day sources coffee from 5000 acres of coffee estates, the 2nd largest in Asia, that is owned by a sister concern and from 11,000 small growers. It is one of India's leading coffee exporters with clients across USA, Europe & Japan.
According to the Agricultural and Processed Food Products Export Development Authority (APEDA), the restrictions had been lifted with the condition that sesame seeds and groundnut exported should carry the quality and safety certification issued by the Delhi-based Sri Ram Institute for Industrial Research or any other agency as may be notified from time to time.
India's apex sugar cooperative, the National Federation of Cooperative Sugar Factories (NFCSF), has asked farmers to grow sugar canes with high sugar content.
A new study on the impact of global warming on global food production by researchers of a US university says that in 20 years since 1981, there had been an annual loss of about $5 billion for the major cereal crops in the world. The Chennai-based MS Swaminathan Research Foundation (MSSRF) is implementing a project on vulnerability assessment and enhancing adaptive capacity to climate change (V&A Programme) in semi-arid India.
WGC will conduct nearly 30 workshops across the Indian cities as a prelude to Au DITIONS, a competition for gold jewellery designers. Au DITION is aimed at identifying three trend-setting designers, whose works will be showcased worldwide.
The Canada-based International Development Research Centre in collaboration with the Gene Campaign has launched a unique research study on the attitudes and perceptions towards crops and foods in India. IDRC has undertaken a similar study in China.
It seems the sparklers have caught Kolkatans in a spell. According to Diamond Trading Corporation's figures, another city which has got mesmerised by diamonds is Hyderabad.
Experts like National Commodity and Derivatives Exchange Managing Director and CEO P H Ravikumar feel that the commodities market will steal the thunder in the coming days. The next bull run is not in stocks but in commodities, he said.
Fourteen states that include Maharashtra, Punjab, Andhra Pradesh and Rajasthan have amended the Agricultural Produce Marketing Committee Act this year. This allows farmers to sell their produce directly to buyers offering them the best price.
The government move comes after seeing the diagnostic study done by SBI Caps. On government request SBI Caps studied 15 state-owned closed down sugar mills. It recommended re-opening of eight mills, saying they were viable units.
From a modest beginning, Voguestock has established its various divisions and branches to provide high quality of integrated services in the field of Capital Market. The basic strength of any service organisation is its work force.
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