Microsoft chairman Bill Gates has offered to set up high tech agro kiosks across Maharasthra to help farmers get information on weather and cropping patterns.
Pakistan is planning to take legal action against the Indian government for illegally announcing Super Basmati rice as an Indian product.
It is estimated that somewhere between 18 and 20 billion 6 oz. cups of tea are drunk daily on our planet.
Forecast of normal monsoon and a good harvest will boost the purchasing power of gold among farmers in India, said a report from the leading Asian investment bank, HSBC.
The US decision to end the generalised system of preferences for gold jewellery and brass lamps from India is bound to hit the India jewellery sector hard and will cause major job cuts in the industry.
Soon, you will see the birth of the hottest commodity futures in the world -- diamond derivatives.
V-Guard, one of India's leading electrical and electronic companies, is all set to enter the capital market with an initial public offer of around Rs 70 crores
Now onwards fragrance of Rajasthan roses will spread across the world with the state government deciding to set up a rose market at Ajmer and export the flowers to foreign countries.
Iron ore mining industry is facing a major crisis with the governments delaying issue of mining leases to companies.
The commodities bull run was expected to continue because there was no extra supply to drive prices down, said investment guru, Jim Rogers.
Prices have firmed up by Rs 100 per quintal (Rs 4,750 per quintal on Monday) in Kochi and it is expected to increase as the demand for oil increases in the festival season.
Several non-governmental organisations (NGOs) working in various countries have expressed apprehensions over the increased stress given by nations for the use of bio-fuels.
The Rubber Board has presented a detailed plan to the commerce ministry in this regard. The economic and finance committee under the ministry will examine the proposal and forward it to the plan panel for approval.
Integration of the spot and futures exchanges is a crucial factor for the growth of commodity futures in India. It is difficult to develop a good derivatives market without adequate spot price discovery.
A joint statement issued at the end of an India-Japan energy dialogue said both the countries would explore ways and means to further cooperation in the field of new and renewable energy sources.
India had sought to buy 1 million tonnes of wheat in May last but backed could not strike a deal because of high prices. However last week, India entered the market with a tender for 1 million tonnes, despite prices soaring to 11-year high.
The apex biz chamber said that there is an urgent need to make contract farming legal.
According to a press release, the five-year agreement aims to bring 50,000 acres under cocoa farming, which would provide coconut farmers an additional income of Rs 80 crore a year. The agreement was signed in Tiruchi, the release said.
The government is expecting a better soyabean and groundnut production on account of well-distributed monsoon rains and good prices.
The Reserve Bank of India has set up an expert working group for examining issues related to the launch of currency futures in the country.
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