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india, a rich repository, saw imports of minerals, ores going up in fy17




india, despite being endowed with 87 different mineral reserves, saw its imports going up sharply in 2016-17. imports of ores and minerals accounted for 31.4 per cent of the country's total merchandise imports valued at rs 8.09 trillion in fy17. some of the minerals and ores recorded a sharp appreci...



mineral-rich india still imports thrice the value of its local production




despite being a repository of an array of minerals, india importing over three times the value of its indigenous production. and, the disturbing trend has shown no sign of abatement since 2013-14. at the end of 2016-17, the country produced major metallic and non-metallic minerals valued at rs 474.3...



nalco eyes african countries for strategic mineral assets




the identified strategic minerals include tin, tungsten, titanium, gallium, lithium, tantalum, cobalt, niobium, selenium and indium. the objective is to make the country self-sufficient in such minerals. the objective of the mou is to set up a jv company-- khanij bidesh india ltd (kabil)-- to identi...



global miner peabody eyes sales opportunity in india's rising coal imports




indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner peabody energy. glenn kellow, president and chief executive officer (ceo) of the company, said indian imports of coal rose a sharp 21 per cent in february, “nearly offsetting reduced demand from c...



india's largest companies cut hiring by 26% in fy17




this report has been updated to correct an error in the earlier version. there had been a net addition of 8,650 employees at wipro during fy17, and not a cut as indicated erroneously in the earlier version. the error is regretted. the increase in net employees at india’s largest companies slowed d...



govt told refiners to cut oil import from iran after pressure from us




india has asked its oil firms to prepare a blueprint of alternatives sources as it considers acquiescing to us president donald trump's demands for ending oil imports from iran by november 4, government and industry officials said today. while new delhi says it does not recognise unilateral restrict...



hidden basil seeds benefits for weight loss, skin, hair and health (sabja seeds)




in india, sabja seeds are also known as ‘falooda seeds’ or ‘tukmaria seeds’ – seeds of the sweet basil plant native to india. when you look at sabja seeds, they seem to be the twins of chia seeds.they have a large range of health, skin and hair benefits to offer. sabja seeds have a large a...



hidden basil seeds benefits for weight loss, skin, hair and health (sabja seeds)




in india, sabja seeds are also known as ‘falooda seeds’ or ‘tukmaria seeds’ – seeds of the sweet basil plant native to india. when you look at sabja seeds, they seem to be the twins of chia seeds.they have a large range of health, skin and hair benefits to offer. sabja seeds have a large a...



crude oil holds the key




the single variable most strongly associated with india's macro-economic trends is the price of crude oil. the correlation is negative. when crude prices are high, gdp growth suffers and there are rising trade deficits and rising fiscal deficits. energy is, by far, the single largest item in the imp...



india's growth to remain unchanged at 7.1% in fy17: hsbc




press trust of india  |  new delhi  june 8, 2017 last updated at 17:05 ist



india scores high among fpis with 3,500 fresh registrations in fy17




press trust of india  |  new delhi  may 11, 2017 last updated at 17:07 ist



mining a must to pare imports, eradicate poverty: vedanta's anil agrawal




vedanta resources chairman anil agrawal exhorted that mining of rich mineral resources was inevitable in order to eradicate poverty in the country, adding that most other nations had even begun to work on this theory. “if you want to reduce poverty in the country, you have to go inside the motherl...



nia december profit rises to rs 61.4 bn from loss of rs 236.9 mn y-o-y




state-owned general insurer new india assurance company registered a profit of rs 61.73 billion for the third-quarter ending december 31, 2018, as against a loss of rs 236.9 million during the same period of the previous fiscal year. gross written premiums (gwp) rose by 23 per cent, from rs 52.13 bi...



presstv-india's crude imports from iran hit record high




sanjay sethipress tv, new delhiindia's oil imports from iran hit a record high of over half-a-million barrels per day last year. india is now the second importer of iranian crude as it remained a major client even at the peak of anti-iran sanctions. despite that a recent threat by new delhi about sl...



presstv-india’s july oil imports from iran hit record high




munawar zamanpress tv, new delhiindia’s july oil imports from iran hit 768-thousand barrels per day. it was a 30-percent rise in comparison with june. that’s despite the us pressures on many countries, including india to stop buying iran’s oil. india is the second customer of iranian oil and a...



at rs 16.25 mn, combined losses mounted for kochhar firms in fy17




two india-registered companies belonging to rajiv kochhar, brother of icici bank managing director and chief executive chanda kochhar's husband, deepak kochhar, suffered combined losses of rs 16.25 million in 2016-17, their highest in four years. the avista advisory group, a singapore-based company ...



big data points humanity to new minerals, new deposits (update)




applying big data analysis to mineralogy offers a way to predict minerals missing from those known to science, where to find them, and where to find new deposits of valuable minerals such as gold and copper, according to a groundbreaking study.



iran oil imports: slippery road ahead for india as us sanctions kick in




payment issues, insurance glitches, availability of alternative sources, uncertainty over oil block deal and a diplomatic jigsaw -- india is facing a familiar predicament. with the first set of us sanctions on import of iranian oil set to kick off on august 6, india needs to be cautious. though new ...



first detailed decoding of complex finger millet genome




credit: ecole polytechnique federale de lausannefinger millet has two important properties: the grain is rich in important minerals and resistant towards drought and heat. thanks to a novel combination of state-of-the-art technologies, researchers at the university of zurich were able to decode the ...



exports jump 12.3% to $27 bn in december; imports rise 21.1% to $41.9 bn




india's exports rose 12.36% in december from a year ago, data released by the commerce department showed, while imports were up 21.12% in the month. in dollar terms the value of exports was $27.03 billion against imports of $41.91 billion, yielding a trade gap of $14.88 billion.



news digest: job cuts in india, gst rate structure, and more




india's largest companies cut hiring by 45% in fy17 the increase in net employees at india’s largest companies slowed down to 66,000 people in the 2016-17 financial year compared with 123,000 people a year earlier. at the end of fy17, a total of 3.25 million people were on the rolls of 241 compani...



presstv-india's oil imports from iran surge to record high




india's oil imports from iran hit a record high above half-a-million barrels per day (bpd) in 2016/17 as the two countries stepped up trade after the lifting of sanctions on tehran. india is currently iran's second biggest oil client after china but there is still room for the two sides to return t...



presstv-indian refiners send mixed signals on iran sanctions




india’s state refiners raised iranian oil imports in june even though overall loadings from the islamic republic declined in the month, reports citing new shipping data on wednesday said.state refiners lifted some 454,000 barrels per day (bpd) of iranian oil in june, about 10 percent more from may...



india's palm oil imports seen declining as higher duties curb demand




india’s palm oil imports probably dropped in april as higher taxes on shipments curbed demand in the world’s biggest buyer. purchases fell about 1.7 percent to 740,000 metric tons from a year earlier, according to the median of four estimates in a bloomberg survey of processors, brokers and anal...



govt planning to restrict pet coke imports: dharmendra pradhan




union petroleum and natural gas minister dharmendra pradhan on saturday said the government is planning to curb the imports of petroleum coke, also known as 'pet coke', which is believed to be a major polluter. the statement follows reports that us-based oil refineries are exporting pet coke -- a ca...