COMMODITIES NEWS - Page 2

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India’s Saudi oil imports jump as Riyadh looks to claw back share lost to RussiaSubscriber Only

October 3, 2024 08:39 IST

As refiners usually buy crude in advance for their requirements of the next couple of months, India’s oil demand had softened in August in the run-up to the peak refinery maintenance season in September.

Govt exempts non-basmati rice from export duty, cuts levy on parboiled rice to 10%

September 28, 2024 17:46 IST

The duty cut comes within a fortnight of the government removing the minimum export price on basmati rice.

Exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply.

Govt allows non-basmati white rice exports with minimum price cap of $490 per tonne

September 28, 2024 17:16 IST

The export policy for non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or gazed) ...is amended from prohibited to free, the directorate general of foreign trade (DGFT) said in a notification.

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Diamond exports set to plummet to decade low levelSubscriber Only

September 27, 2024 08:21 IST

Diamond exports from India contracted by 28 per cent in FY2024, led by the worsened global macro-economic conditions and increased competition from lab-grown diamonds (LGD).

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Gold loan segment to hit Rs 10 lakh crore this fiscalSubscriber Only

September 28, 2024 10:52 IST

While banks remain dominant driven by their gold jewellery-backed agriculture loans, at the same time, NBFCs hold the pole position in retail gold loans and are expected to expand at 17-19 per cent in FY2025, rating firm ICRA said.

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Cheaper tomatoes, broiler led to fall in thali cost: CrisilSubscriber Only

September 7, 2024 07:49 IST

A 27 per cent drop in fuel cost – to Rs 803 for a 14.2 kg LPG cylinder in Delhi in March 2024 from Rs 1,103 in August 2023 – contributed to the decline, it said.

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Gas demand uptick driven by power sector bumps up India’s LNG imports in April-JulySubscriber Only

August 27, 2024 10:16 IST

The rise in LNG imports pushed up India’s reliance on imported gas to 48.9 per cent in April-July from 46.9 per cent on the year-ago period.

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Veg thali prices rise by 11% in July: CrisilSubscriber Only

August 7, 2024 04:35 IST

This was mainly due to high temperatures impacting the summer crop in key states of Karnataka and Andhra Pradesh.

Adani Energy raises $1 bn via QIP issueSubscriber Only

July 31, 2024 06:03 IST

The company had set a floor price of Rs 1,027 per share, allowing a maximum discount of 5 per cent on the floor price.

Gold customs duty may take some shine off Sovereign Gold BondsSubscriber Only

July 31, 2024 20:53 IST

The other major advantage of SGBs is that the redemption on maturity is free of any LTCG tax.

The Centre has banned exports of non-basmati white rice since July 20, 2023, to boost domestic supply.

Group of Ministers takes decision on lifting export ban on certain varieties of non-basmati rice: Piyush Goyal

July 10, 2024 18:33 IST

Union Commerce Minister Piyush Goyal on Wednesday said a Group of Ministers will take a decision on lifting the ban on certain varieties of non-basmati rice after considering the demand-supply and price situation. The Group of Ministers (GoM) always takes a balanced decision, he added. The Centre has banned exports of non-basmati white rice since […]

India’s LNG imports at 44-month high in June as gas-based power output jumps amid severe heatwaveSubscriber Only

July 5, 2024 04:43 IST

Provisional LNG vessel tracking data from commodity market analytics firm Kpler shows that India imported 2.60 million tonnes (mt) of LNG in June, the highest in as many as 44 months.

Russian oil imports surge to 13-month high, Saudi volumes crash to decade-lowSubscriber Only

July 2, 2024 08:48 IST

Indian refiners imported a total of 2.13 million barrels per day (bpd) of Russian crude oil in June, the highest since May of last year.

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Thermal runaway to shorter lifespan: Extreme heat is testing EV batteriesSubscriber Only

June 16, 2024 07:33 IST

Policymakers are also of the view that localisation of battery manufacturing will be an important step in that direction.

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Mumbai, Delhi among top 5 global cities in house price riseSubscriber Only

June 14, 2024 04:56 IST

National Capital Region of Delhi which witnessed a rise of 10.5 per cent in house prices during the quarter was at the fifth position. NCR rose from 17th rank in Jan-March 2023 to fifth in Jan-March 2024 with a growth of 10.5 per cent YoY.

India expected to scrap wheat import duty after June

India set for wheat imports after six years, to shore up reserves

May 29, 2024 17:52 IST

India is poised to begin wheat imports after a six-year gap, to replenish depleted reserves and hold down prices that leaped following three years of disappointing crops, sources say, as the approaching end of general elections removes a key hurdle.

Reliance to buy Russian oil from Rosneft in roubles: Report

May 29, 2024 08:10 IST

The shift to rouble payments follows Russian President Vladimir Putin's push for Moscow and its trading partners to find alternatives to the Western financial system to facilitate trade despite U.S. and European sanctions.

India exports over 45,000 tonnes onion after lifting ban

May 23, 2024 19:03 IST

These exports provided relief to farmers after curbs were imposed to keep domestic supplies steady ahead of general elections.

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Govt reaffirms quality-related restrictions on laptops, mobile phones, other electronic itemsSubscriber Only

May 22, 2024 07:38 IST

The notification said that about 64 electronic items including laptops, tablets, microwave ovens, set top boxes, mobile phones, digital camera and bluetooth speakers among others, new as well as second hand, is prohibited unless they are registered with the Bureau of Indian Standards (BIS)