latest Market News

With China all geared up to import rice from India, inquiries from Chinese buyers have started to line up with regards to the purchase of the grain, said many Indian traders and millers. The trade will involve both Indian basmati and non basmati rice. Beijing has cleared nineteen rice companies from India, from where the crop could be bought by their locals.  “Trading companies like Louis Dreyfus, Cofco Agri and regional players like...

  • Posted on : Thursday , 23rd August 2018
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India and Israel’s diplomatic ties have seen a successful growth, making the former the latter’s largest trading partner. Their mutual necessities makes their partnership important, where India’s technological needs are supported by Israel.  This growing relationship moved a step further with 6 Israeli startups in the field of healthcare; agriculture and water management interacted with various Indian businesses through...

  • Posted on : Thursday , 23rd August 2018
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 Vedanta to invest $2.3bn towards capital expenditure to improve its oil and gas production in India.   According to the Press Trust of India (PTI), the investment is aimed at enhancing the company’s reserve base by 375 million barrels.   In its latest annual report, the company has unveiled plans that outline an increase in production from the existing 200,000 barrels per day (bpd) to 300,000bpd over the next few...

  • Posted on : Tuesday , 21st August 2018
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 Senvion, Global wind turbine manufacturer has secured a 250MW conditional order from India’s SPV of Continuum Wind Energy.   The terms of the agreement stated, Senvion will be responsible for a supply of 108 Senvion 2.3M130 turbines as well as commissioning of the Bhuj wind farm located in the Gujarat state in north-west India.   Senvion executive director and CSO David Hardy said: “This order illustrates our...

  • Posted on : Thursday , 16th August 2018
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 In an attempt to help the East African country, a credit of $205 million has been offered to Uganda by India to expand its infrastructure for electricity distribution and boost the local workforce through investments in the agricultural sector. The statement released in Kampala, also informed that Mr Narendra Modi , Prime Minister of India and  Mr Yoweri Museveni , President of Uganda also discussed the reform of the UN Security...

  • Posted on : Tuesday , 14th August 2018
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