Rejecting demand for a total ban on iron ore exports from some States, Indian government said states need to take stringent steps to prevent illegal mining. Replying to a debate on illegal mining in country's upper house of the parliament, Mines minister B K Handique said Merely because state governments are not able to prevent and stop illegal mining, we should not ban export of iron ore.
Australia, one of the world's largest wheat exporters, said its exports to China have already tripled this year. According to Australian Wheat Board (AWB), demand from the world's most populous nation in the nine months ended June 30 totalled 740,000 tonnes, of which 80 per cent was in bulk and 20 per cent in containers, or about 7 per cent of total wheat shipments.
International Grain Council on Thursday further slashed global wheat output estimate for 2010-11 by 7 m tones to 644m tones. In its latest report, the IGC however said wheat consumption will hit a record despite soaring prices because of a dearth of alternatives in Russia.
Any solution provided by Research in Motion, makers of BlackBerry smartphones, must pass through field trials to satisfy India's security concerns, a senior government source said on Friday.
Any solution provided by Research in Motion, makers of BlackBerry smartphones, must pass through field trials to satisfy India's security concerns, a senior government source said on Friday.
BHP Billiton's chief executive flies to North America this week to mount a charm offensive to woo Potash Corp shareholders, as a potential Chinese rival bidder reiterated it was closely watching BHP's $39 billion (25 billion pound) offer.
Research in Motion offered on Thursday to lead an industry forum to look at India's need to have lawful access to BlackBerry's encrypted mail and messenger in the latest effort to stave off the blocking of the popular service in the world's fastest growing telecoms market.
Research in Motion offered on Thursday to lead an industry forum to look at India's need to have lawful access to BlackBerry's encrypted mail and messenger in the latest effort to stave off the blocking of the popular service in the world's fastest growing telecoms market.
Global automakers in India are planning to launch new models and boost investment in the country, executives said at a conference, signaling brisk demand in one of the fastest growing car markets in the world.
Maybe it's the success of Slumdog Millionaire. Perhaps it's because corporate outsourcing is now a very real -- and frustrating -- part of Westerners lives. Or perhaps it's because India is one of the fastest-growing economies in the world and its influences have finally spread to Hollywood.
India's environment and forests minister Jairam Ramesh rejected the environment clearance accorded to state-owned Orissa Mining Corporation (OMC) to mine bauxite in Niyamgiri Hills on December 11, 2008 for supply to Anil Agarwal-promoted Vedanta Aluminium Ltd's refinery in Lanjigarh.
Gold prices remain higher in Asian trade Thursday a day after the WGC said regional giants India and China were likely to provide the main thrust to demand growth this year.
India's food inflation eased further but remained in double digit for the third week in a row. According to official figures from country's commerce ministry, the food inflation based on wholesale price index eased to 10.05 percent for the week ended August 14, compared with previous week's 10.35 percent.
China remains world's second largest gold consumer behind India though its gold demand increased by 26 percent year-on-year in the second quarter. According to World Gold Council (WGC), China's gold demand in the April-June period reached 111.7 tons.
India, the world's largest gold consumer accounted for 30 percentage of the global gold jewelry demand. According to World Gold Council, jewellery was dominated by India, with demand of 123t or 30% of the world total, just down from the 32% market share of Q1.
India's love affair with the yellow metal is gaining strength every year with the 2010 first half showing a 94 per cent rise in demand for gold in India as compared to the 2009 first six months.
World Gold Council on Wednesday said big traditional gold consumers like India and China help gold demand reach 1,050.3 metric tons in the second quarter. In a report, the WGC said this is 36 percent higher than the same quarter in 2009, mostly due to soaring investment demand.
Riddhi Siddhi Bullions, India's one of the largest importers of gold, said on Tuesday it will sell five tons of gold coin in the country during the forth coming festival season, reported PTI.
Global rice prices are expected to rise by 6% to 7% this month or early next as foreign demand increases amid lower supply due to climate change. According to Thai Rice Exporters Association, foreign purchase orders have already resumed, and a flood of orders is anticipated next month to serve the many year-end festivals.
The hot news now is the BHP Billiton's unsolicited offer to buy Canadian fertiliser company, PotashCorp for $40 bn and PotashCorp taking alternative measures to block the bid. It is not yet clear why fertiliser companies have suddenly become hot favourites for acquisitions and mergers.
The onset of the festive season in the Indian subcontinents has left India's jewellery makers bewildered as the demand for the yellow metal did not match the expectations of the bullion marketers, who believed jewellery buying during festivities to shoot up despite peaking up prices.
The upbeat kharif sowing statistics in India is likely to moderate the dependence on imported oil in the current year.
The data from the Ministry of Agriculture informed that the area under kharif oilseeds crop as on 19th August 2010 shows an increase of about 4 lakh hectares during the week and is reported at 161.40 compared to 153.19 lakh tonnes at the same time of the last year.
