India’s crude oil production dropped 5.4 per cent YoY in August. However an equal or marginally higher (5.5 per cent) import volume helped the country meet its consumption requirement.

Crude oil output drops 5.4 per cent

Significantly, India’s dependency on imported natural gas has increased indicated by stagnant domestic production and increased imports since 2008.

15 Oct 2019 1:26 AM

Total to buy Adani Gas stake via open offer

As per the latest understanding, Total will first make an open offer to buy a 25.2 per cent stake in Adani Gas.

15 Oct 2019 1:15 AM

Banks can quote forex rates round the clock

The whole initiative is aimed at reducing the exchange risk for persons resident in India.

05 Oct 2019 1:50 AM

The assessment will be strongly aligned with Nasscom Data Science curriculum pack (QPs) and will also be in accordance with ISO WG9 (Big Data Analytics working group) and SC42 (artificial intelligence sub-committee) anyways, said Gautam Banerjee, President DSF. DSF will be the independent governing body for building, deploying and constantly upgrading this intervention.

DSAT test for data science skills soon

DSF will be the independent governing body for building, deploying and constantly upgrading this intervention.

04 Oct 2019 2:06 AM

Sluggish domestic demand from end-user segments, including automobile, consumer durable, FMCG, construction and real estate sectors, led to a slowdown in consumption growth.

Reduction in raw material prices to help steel players

Slow demand has also led to an increase in the inventory of semis products.

01 Oct 2019 2:10 AM

It certainly does not go well with India’s much-hyped and much-proclaimed position in ‘ease of doing business index’. (Photo: PTI)

Fate of brick unit hangs fire for 4 years

Significantly, Kalyani Bricks & Building Materials Ltd has obtained the go-ahead from West Bengal Pollution Control Board and other regulatory bodies.

01 Oct 2019 1:47 AM

Earlier, India's spice industry had raised concerns over increase in black pepper imports from Sri Lanka since August despite local prices in the neighbouring country dropping below the MIP set by the Indian government.

Sri Lanka faults India for setting pepper MIP high

Sappta has also questioned the use of Free Trade Agreements if such restrictions prevent exports from their country.

30 Sep 2019 1:41 AM

The Kolkata-headquartered food start-up, which notched up a revenue of Rs 120 crore in FY19, is also hopeful of crossing the Rs 200 crore mark this fiscal, on the basis of its expansion plans. (Photo: Representational Image)

Wow! Momo plans 40 Wow! China outlets

Wow! Momo Foods Pvt Ltd, the home-grown QSR brand, which has recently bagged $23 million from Tiger Global at a valuation of $120 million.

26 Sep 2019 2:24 AM

Automotive industry, which accounts for about half of nations manufacturing GDP and has nosedived recently, thanks to an acute demand dearth and overall economic slow-down, is likely to be one of the key beneficiaries of the recent corporate tax revision, experts feel.

Auto industry to gain most from tax cut

However, the industry itself and sector analysts are optimistic that the worst is over.

24 Sep 2019 1:55 AM

The closed sugar mills in the country may get a new lease of life if things move the way it has been envisaged by the Modi 2.0 government.

Government mulls reviving closed sugar mills

The move also aims at bringing down the annual crude imports of Rs 7 lakh crore substantially.

24 Sep 2019 1:34 AM

India has sufficient, in fact record sugar stocks available and it can start shipment from the stockpiles and it does not have to wait for the new crop.

Sugar industry set to start exports to China, Iran

Icra, on its parts, felt that it will be challenging to achieve six million tonne of sugar exports in 2019-20 marketing year starting October.

23 Sep 2019 12:48 AM

Ashmore, who specializes in traditional craft of weaving, is famous for her seminal book Muslin published by V&A Books, London, which is a comprehensive and enlightening account on the history of fabled muslins.

Call to keep alive dying tradition of weaving muslin

Ashmore was a V&A Research Fellow for several years, helping to catalogue a large part of the museum’s South Asian textile collections.

21 Sep 2019 3:00 AM

Now you can generate electricity from drying clothes and that too in a natural ambience, if researchers at Indian Institute of Technology Kharagpur (IIT-KGP) are to be believed.

Hang some clothes and light a bulb!

The whole process, or mechanism, is actually simple yet unique. The wall of any channel has some charges inbuilt in it.

19 Sep 2019 2:19 AM

As per Icra’s estimates, till an Indian Basket crude price of nearly $70-75/bbl, the PSU upstream companies may not have to bear material under-recoveries.

Risk premium on oil to go up: Icra

Thus, their net realisation and cash accruals will improve unless the extant under-recovery sharing formula is changed.

18 Sep 2019 1:36 AM

The recent move aims at turning Temi Tea Estate into a major tourist destination in India, said Arijit Dutta, managing director, PEPL.

Sikkim invites tourists to tea garden

The latest move by the Sikkim government is expected to give a major fillip to Temi Tea brand, while creating value out of its unutilised property.

18 Sep 2019 1:31 AM

According to the Directorate General of Commercial Intelligence and Statistics, imports of natural rubber in India rose 27.4 per cent, month-on-month to 50,940 tonnes in July. Significantly, expectations of higher production this season also weighed on contracts.

Rubber futures hit six-month low

The overall sentiment in the market remains bearish due to a rise in imports coupled with sluggish demand from tyre makers, traders said.

16 Sep 2019 2:46 AM

Sanjiv Goenka with his wife Preeti Goenka

A builder of businesses

Known to always do things differently, Sanjiv Goenka explains the reason behind most of his decisions.

15 Sep 2019 6:58 AM

Good days are feared to be over for the domestic petrochemical producers, who have been enjoying robust cash earnings over the past several years. Petrochem producers' net debt levels have also been low.

Good days behind for petchem industry: Icra

Going forward, the olefins cycle is likely to decline further and that in turn would lead to subdued returns, they added.

10 Sep 2019 1:45 AM

However, nearly 7 per cent of soybean acreage was under stress due to water logging and excessive rains in parts of Madhya Pradesh and Maharashtra, the Soybean Processors Association of India indicated subsequent to a crop survey.

Rains take a toll on soybean output

Soybean had been planted over 11.27 million hecatres (ha) till recently, 0.8 per cent higher on-year, according to farm ministry data.

09 Sep 2019 1:30 AM

Govt to aid wealth, job creators

She also clarified that any tax collection shortfall will not affect commitments made for social sector spending.

07 Sep 2019 1:31 AM

Ritwik Mukherjee