Akhil Gupta in talks to buy 5 per cent in ICEX from MMTC: Sources
Akhil Gupta, vicechairman at Bharti Enterprises, is in talks to buy 5 per cent stake in ICEX from state-owned trading giant MMTC Ltd.
Madhvi Sally
Mandatory export policy for sugar likely soon
Industry sources told ET that the central government will "very shortly" announce the mandatory sugar export policy .
India's 2015/16 summer rice output to drop on poor rainfall: Government
The country's food grain production from summer-sown crops is likely to drop 1.8 % from a year ago to 124.05 million tonnes.
Centre's barter talks on Indian sugar gather little interest
The Centre has not been able to garner much interest from foreign countries on barter trade of commodities in lieu of Indian sugar.
Sugar surplus is likely to persist in the new season
Government said that it will allow sugar producers to export 4 million tonnes of the sweetener to help them clear part of the carry over stock.
With 14% rain deficit, this monsoon may end up among worst 3 in 30 years
According to the weather office, this could be the driest monsoon season in several years, barring the drought years of 2002 and 2009.
Demand for white goods, bikes, cars and tractors falls as monsoon slows
For most firms, August sales have contracted, and the outlook is not promising as water reservoirs are depleting, cane farmers have not been paid their dues.
If there’s an agrarian crisis, it’ll be in southern India, says CWC Chairman AB Pandya
The construction of new reservoirs has been slow. It has hampered the growth of storage in country. In the long run it is not a healthy situation.
Centre prepared to tackle drought situation: Agriculture minister Radha Mohan Singh
“I want to assure people, that the government along with state governments are geared up in its preparations to tackle drought situation,” Singh said.
South to get early monsoon showers as southwest monsoon withdraws early from western India
This year’s early withdrawal of southwest monsoon from western India could lead to early onset of the northeast monsoon over southern states.
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