Economic Development
2 min read
49

India and China agree to resume direct air services and Kailash Mansarovar Yatra in 2025, improving strained relations.

January 27, 2025
0

Building on the thaw in relations, India and China have agreed in principle to resume direct air services between the two countries and restart the Kailash Mansarovar Yatra in the summer of 2025. According to the Ministry of External Affairs, the agreements were part of the decisions taken by Foreign

Continue Reading
Economic Development
3 min read
45

Goyal, Omani Minister discuss proposed FTA, trade & investment ties

January 27, 2025
0

Commerce & Industry Minister Piyush Goyal held an “engaging and excellent” meeting with his Omani counterpart Qais bin Mohammed Al Yousef in Muscat on Monday which may provide momentum to the India-Oman free trade agreement negotiations.  India, however, may remain measured in its responses to demands from Oman for greater

Continue Reading
Economic Development
5 min read
43

Battle for Control: Danny Gaekwad moves to seize 55 per cent stake in Religare, writes to REL Board on competing offer

January 27, 2025
0

Florida-based businessman Danny Gaekwad has written to the Board of Religare Enterprises Ltd (REL) conveying his intent to launch a competing offer to the Burman Group’s open offer, which opened on Monday. The letter, received by REL on Monday, follows Gaekwad’s communication to SEBI Chairperson on Sunday, in which he

Continue Reading
Economic Development
3 min read
35

Sugar crushing season may end early on sugarcane shortage in Maharashtra, Karnataka

January 27, 2025
0

Despite a late start, the ongoing sugarcane crushing season for the year 2024-25 will likely be curtailed early in Maharashtra and Karnataka for want of sugarcane for crushing. Sugar cane production is estimated lower during the current season as the yield has been affected by pest infestation and water stress

Continue Reading
Economic Development
3 min read
47

Pricely palm oil may lose market share to soft oils, says Asian Palm Oil Alliance chief

January 27, 2025
0

Palm oil will continue losing market share if its prices remain elevated compared to soft oils such as soyabean and sunflower, Atul Chaturvedi, Chairman of Asian Palm Oil Alliance (APOA) and Special Advisor to Solvent Extractors’ Association of India (SEA) has said. In his keynote address at the Globoil Asia

Continue Reading
Economic Development
2 min read
40

Vishwaraj Sugar to invest ₹250 cr in new factory in Belgaum

January 27, 2025
0

Vishwaraj Sugar Industries plans to set up a new sugar factory with a crushing capacity of 5,000 tonnes of cane per day (TCD) and 150 kilo liters per day (klpd) distillery in Belgaum with an investment of about ₹250 crore. Mukesh Kumar, Executive Director, VSIL said the proposed plant will

Continue Reading
Economic Development
2 min read
45

Soaps to get costlier as FMCG cos warn of more price hikes

January 27, 2025
0

With the uptick in palm oil prices, major Fast Moving Consumer Goods (FMCG) companies are expected to hike soap prices further in Q4, according to indications given by leading companies in the sector, who have warned that the hikes could be higher than seen in the third quarter. The price

Continue Reading
Economic Development
3 min read
14

2024 N-E monsoon ends, but easterly waves may bring odd showers

January 27, 2025
0

North-east monsoon rains have ceased over Kerala & Mahe, south interior Karnataka, Tamil Nadu, Puducherry & Karaikal, Rayalaseema and adjoining areas of Coastal Andhra Pradesh & Yanam on Monday, exactly a month after the normal date. The 2024 season may come to an end, but an easterly wave crossing southern

Continue Reading
Economic Development
2 min read
14

Retailers posted 5% growth in December: Retailers Association of India

January 27, 2025
0

Retailers reported 5 per cent growth impacted by inflationary pressures in December over same period last year , as per the latest survey by Retailers Association of India (RAI). The industry is now hoping for measures in the upcoming budget to boost consumption. The 57th Retail Business Survey, is for

Continue Reading
Economic Development
2 min read
15

Blenders, support boost tea sales at Coonoor auctions

January 27, 2025
0

Useful support lent by blenders and packagers, who sell to retail outlets in packets, helped increase tea sales at Coonoor auctions, despite the market being irregular market. Traders said the price was maintained at the bottom level while high-priced tea categories were irregular in sale no:4. Global Tea Auctioneers said

Continue Reading