A consortium of European companies has signed up an agreement with Angolan government for exploration of its gas and oil reserves. The consortium includes two Spanish (Gas Natural and Repsol YPF), and Portuguese companies (Galp Energia and EXEM), one Italian company (Eni) and Angolan state energy company, Sonangol.
India's fascinating success story in the gems and jewellery industry continues to glitter. In the last few years, there has been a massive growth in the purchasing parity of the middle class and surging income levels in India.
Soon, a new cotton future contract will be launched by the Mumbai-based Cotton Association of India.
The winter time demand has pushed up prices of eggs in North India, especially New Delhi.
A meeting to discuss what goods should be included in the negative list of items for India-European Union Free Trade Agreement, was held here recently.
Sugar mills may get some relief from the government following a proposal to raise the interest rate subsidy on loans against excise duty paid by the mills during the last and current financial years.
Diabetic patients got a respite in Maharashtra and Gujarat when Pranav Agro industries launched its Smart Balance rice, low glycemic index health rice, on Tuesday.
Instead of investing all their annual savings in gold, if the people in India were to invest in more productive business assets, the country's annual GDP growth would be higher by about 0.30.4 per cent.
Anil Ambani-led Reliance Power, which emerged as the lowest bidder for the 4,000 MW ultra mega power project at Krishnapatnam, will be awarded the contract in a few days.
India's largest commodity bourse--the Multi Commodity Exchange of India --may soon unveil futures contract in gold coins in an attempt to tap the small retail investors across India.
What is India's share of processed food export presently in the world? It is just 1.5 percent.
The Indian government has asked the cement industry to concentrate on modernisation and upgradation of technology, optimisation of operations and increased application of automation and information technology.
The contract would be quoted in 20-kg lots and have a ticket size of Re 0.10. On the expiry of the contract, Shankar Kapas would be delivered from Rajkot, Kadi, Guntur and Akola.
Of the 66.56 million cards, co-operative banks have issued about 32.71 million cards. Regional rural banks have issued about 12 million cards while commercial banks about 25.5 million cards.
India's energy ambitions are pushing global coal prices. India's import of coal from South Africa is expected to go up big time in the coming days.
In a reiteration of its stand, Forward Markets Commission (FMC) chief B C Khatua said FMC is open to foreign participation in the market in a limited way and will talk to the Centre in this regard.
The policy, among other things, aims to improve the economic viability of farming by substantially improving the net income of farmers in addition to improving productivity, profitability, land, water and support services and provide appropriate price policy, risk management measures.
People now look for quality and purity of ornaments. They look for 916 purity and BIS hall marking. Here the large shops have an edge and variety. Large jewellery houses are now invading smaller towns and villages. For a 2,000-sq-ft showroom more than 25 salesmen would be required apart from interiors.
Gujarat goes to polls on December 11 and 16 and the state is witnessing big campaigns by the leading political parties. With the diamond and jewellery workers going on a holiday during Diwali and the elections coming immediately after that they may extend their holiday till December 16, last day of polls.
Another PSU has entered the arena of bullion Futures market. In a recent development, the Handicrafts & Handlooms Exports Corporation of India, a PSU under the ministry of textiles, has started hedging in bullion metals at the Multi Commodity Exchange. According to the PSU officials, it has hedged Rs 13 crore in gold and silver over the last one month.
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