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| November 28, 2007 | | Special rice for diabetes launched
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.
7 reasons to be bullish now
You can't fight the Fed. The Fed just cut interest rates by 50 basis points. Inflation is at an official 2%, which means by the spring they are going to cut some more
Exploring mines in Elephant Country
To say Haiti is underexplored is almost an understatement, according to Scott Close, head of investor relations at Eurasian Minerals.
Why Indians are besieged by gold
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 0.3–0.4 per cent.
Reliance Power bags Krishnapatnam project
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.
MCX plans futures in gold coins
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.
India's share in processed food exports? Just 1.5%
What is India's share of processed food export presently in the world? It is just 1.5 percent.
Indian cement cos to be tech-savvy soon
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.
New cotton futures from NCDEX on Nov 29
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.
Kisan credit cards total 66.56 mn
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.
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| November 27, 2007 | | India's coal demand fuels global price rise
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.
When dollar is no longer supreme
"In the current, weak-Dollar situation," says German economist Peter Bofinger in an interview with Der Spiegel, "a treaty should be signed by the central banks of China, South Korea, Japan, Russia and other countries that have huge Dollar reserves...so that they don't dump massive amounts of dollar onto the market.
Reliance Gold debuts on NSE
Gold is hotting up again. With this trend continuing, new players are entering the gold arena also. On Monday, Reliance Gold Exchange Traded Fund, an open ended fund, made its debut on the NSE and it opened at a premium of 5.03 per cent.
'Let FDIs take part in Futures trade'
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.
Why gold is God
I figured out that the yellow metal has all the qualities of gods - it has a halo, is worshiped by all, it is strong and omnipresent and it can solve all the worries in the material world. I saw all other gods pale before gold. That was the moment of Nirvana for me and I realised Gold is God.
India's national policy for farmers
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.
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| November 26, 2007 | | Gold's own country
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 polls to add glitter to diamond exports
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.
Handicrafts Corp begins hedging on bullion Futures
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.
Wanted: Gujarati acumen for commodity markets
The first thing comes to your mind is the enterprising Gujaratis. They may not be a social entrepreneur. They may not be charitable. They even may not be sympathetic. But they are cut-throat businessmen who know which situation they should be in and at what time.
Darjeeling Tea may get GI status in Europe
According to Darjeeling Tea Association, in 1986 the Darjeeling logo was created and registered in the UK, the US, Japan, Canada and Egypt, and under the Madrid Agreement also covering Germany, Austria, Spain, France, Portugal, Italy, Switzerland and former Yugoslavia.
The end of oil pricing in dollar
As it is, a great deal of oil is produced in countries with little to underpin their economies besides oil, so pricing the black stuff in an international currency makes sense, especially when that currency is that of the primary buyer of the oil concerned. It makes things simple for the buyer and lets the seller take its revenue in a major currency.
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| November 21, 2007 | | Big plans to expand India's spices business
Spices export increased close to 50 percent during April-August period. India exported US$421.16 million worth spices during this period while it was only US$ 280.71 million in same time last year.
Water: Hottest commodity to invest in
Within 50 years over half the global population will be living with water shortages. In fact, water shortages currently affect 80 countries and will affect 4 billion people by 2050.
'Markets are due for a sharp correction'
India's stock market has gone up by 571 per cent in the last four-and-a- half years. A return like that here in the US would put the Dow over 55,000 today.
Gold ETF: Waiting for lights to glitter
The trend is expected to continue for a couple of months. But that hardly moves investors. Confusion, lack of knowledge and unpredictability are some reasons for gold ETF not pickling up as an investment option in India, market pundits say. The idea of gold ETF was first officially conceptualized by Benchmark Asset Management Company in India when it filed a proposal with the SEBI in May 2002.
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| November 19, 2007 | | SBI to launch Gold ETF
The State Bank of India said on Monday it would launch a gold exchange traded fund in 2008. "We are examining this product in our mutual fund company and we are hopeful we should be able to come out with an ETF next year," O P Bhatt, SBI chairman said at a conference in Mumbai.
Agriculture sector has revived: Pawar
According to Union Agriculture Minister Sharad Pawar, the revival in the agriculture sector has been due to the record production of 216 million tonnes of foodgrains, 22.7 million bales of cotton and 345 million tonnes of sugarcane in 2006-07. He said this revival was a result of the amendments made in the Agriculture Produce Marketing Committee Acts by the various state governments with the guidelines of the centre.
India inks agri pacts with Russia, Kenya
ICAR and the International Centre for Research in Agroforestry have signed a four year workplan for collaborative research on agroforestry, primarily for dealing with the climate change effects and to provide secure livelihood systems to small and marginal farmers in various part of the country.
India has 390 million tones of gold ore deposits
Apart from the regional exploration for gold and diamond undertaken by Geological Survey of India, since the year 2000, the Indian government has been giving prior approvals for grant of reconnaissance permits for regional exploration of gold and diamond to various applicants, including private companies, said a statement from Ramdas Agarwal, Minister of Mines.
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| November 16, 2007 | | 'India world's largest gold consumer'
James E Burton took over as the Chief Executive Officer of the World Gold Council in October 2002. Many consider this as an important step in the ongoing development of the WGC as a commercially-driven gold marketing organization. Burton revitalized the organisation, focusing on its mission as the marketing organization for the gold industry. He restructured the senior management team, reduced staff overheads, allotted fund for priority programs.
Chasing Gold to get a good night's sleep
Registered in the Virgin Islands, this gold-based hedge fund took less than three months to gain approval from the UK's investment regulators, the Financial Services Authority. And charging 1.5 per cent per year -- plus 20 per cent of the gains made by those clients choosing to make the minimum $100,000 investment – the Hinde Gold Fund is certainly less expensive than many other hedge funds.
Where is OPEC spending its wealth?
Rarely has a cash explosion of $867 billioni ever hit the markets at one time. Yet that's exactly what's happening right now.
High oil prices and global economic boom
Last week, West Texas Sweet crude oil surged to an all-time high of $98.62 per barrel, greasing the skids under the Dow Jones Industrials for a 4 per cent plunge
Are India & China driving global oil demand?
Oil demand from China and India alone is expected to double in the next two decades as their economies continue to expand
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| November 15, 2007 | | Kerala wants waste plastic for roads
After banning plastic carry bags and promoting paper bags and cups, Kerala government is now promoting the use of waste plastic in laying roads.
Oil & dollar: The growing influence on gold
Gold's strong rally off the mid August lows continued unabated through the month of October as a conjunction of factors spurred investor buying and pushed prices just shy of the $ 800 mark
How futures market evolved in India
Organised futures market evolved in India by the setting up of "Bombay Cotton Trade Association Ltd." in 1875. In 1893, following widespread discontent amongst leading cotton mill owners and merchants over the functioning of the Bombay Cotton Trade Association, a separate association by the name Bombay Cotton Exchange Ltd was constituted.
India: Great potential in processed food
While India is one of the largest food producers of the world with the organised sector accounting for food output worth $34827 million, only a small percentage of its farm produce is processed into value-added products.
We will go to small towns: Reliance Money chief
Vast experience makes Sudip Bandyopadhyay stand out in a crowd of CEOs. The Director & CEO of Reliance Money, Anil Dhirubhai Ambani Group, Bandyopadhyay has brought maturity and stability to the company with his experience.
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| November 14, 2007 | | Commodity futures trading to be liberalised: Pawar
India's Agriculture Minister Sharad Pawar says the government is taking a series of measures to liberalise futures trading in commodities.
'India can meet agricultural challenges'
India's Minister of Agriculture, Consumer Affairs and Food and Public Distribution Sharad Pawar says the record production of 216 million tonnes of food grains, 22.7 million bales of cotton and 345 million tonnes of sugarcane restores the country's confidence that India has the potential to meet the challenges.
Pawar firm on wheat import move
Pawar said the decision to float a fresh wheat import tender on government account this week was also correct.
Banks to play big role in commodity exchanges
The FMC feels that as some banks have already started providing finance to commodities that are hedged on commodity exchanges
Polls bring rich dividends to Gujarat milk farmers
With the Assembly elections slated for December 11 and 16 in the state, no milk cooperative has dared to reduce the milk procurement price during this glut season.
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| November 13, 2007 | | Why India is the top agricultural nation in Asia
India also happens to be the most richly endowed agricultural nation in Asia having 169 million hectares of arable land, accounting for one-tenth of the world's arable land and a fifth of the world's irrigated land at 56 million hectares with a coastline extending to 8000 km and vast marine wealth. India is the 10th most industrialised country and fourth largest economy in terms of purchasing power parity with its GDP projected to grow at nearly 8 per cent in 2006-07.
Gold special: Yellow fever grips India
In India, all that glisters is gold. That is the 21st century message the one-billion strong India, witnessing a surge in consumer spending, is sending out to the world. If you have any doubt about Indian consumer's obsession with gold, just walk into any shopping mall, busy streets and market roads across Indian cities and towns. The shops which are swarmed by customers are certainly jewellery showrooms these days.
Cashew to make global leap
A proposed plan for a tri-nation alliance between India, Vietnam and Brazil - top three cashew producers of the world - to increase the global output from 1.7 million tonne to 3 million tonne will definitely make waves in the industry.
Agri exhibition in Pune from Feb 3
Farmers from India's suicide zone - Vidarbha - will share their experience with others at an agriculture exhibition organised by 'Agrowon', an agriculture daily, from February 3 to 6 at College of Engineering, Pune.
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| November 06, 2007 | | Two Fed cuts and the global economy
Despite two interest rate cuts from the Fed, concerns about the strength of the economy and the persistence of the credit crunch have so far kept high-yield bonds -- or junk bonds -- under pressure. Look at the closed-end funds, in particular. The gap between the value of the bonds held by these funds -- their net asset values -- and their market price is at historic highs.
China emerges top gold producer
In 2006, Chinese mines produced 240 tonnes of gold, about 10 per cent of global production, and up from 224 tonnes in 2005. Output was just 11 tonnes behind Australia, the world's third largest gold producer. So far this year, gold output is up 13.10 per cent from last year, and reports indicate steady growth over then next five years.
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| November 01, 2007 | | Special: What is an e-charkha?
The letter 'e' has assumed special significance in this computer age. 'E-mail', 'e ticketing', 'e-booking', 'e-filing of return' and the words like that are passé. But 'e charkha'? One tends to become a bit sceptical about the existence of such a word in the first place, leave alone the product itself. If the Khadi & Village Industries Commission is to be believed, e-charkha is a reality.
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