latest Market News

MUMBAI : Japan’s Yamaha said on Wednesday it was developing “the world’s cheapest motorcycle” in India priced at 500, which it plans to export to other markets including China. The low-cost bike with an engine size of around 100cc will be worked on at  its research centre in Uttar Pradesh state, but the company declined to give a  launch date.    “Developing the product in India will...

  • Posted on : Thursday , 11th April 2013
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Cardamom prices rose by Rs 6.10 to Rs 904.20 per kg in futures trade today after speculators created positions on the back of strong demand from exporters. Further, restricted arrivals from producing belts also supported the upside. On the Multi Commodity Exchange cardamom for May delivery rose Rs 6.10, or 0.67 per cent, to Rs 904.20 per kg in a business volume of 251 lots. The spice for delivery in April gained Rs 4.10, or 0.47 per...

  • Posted on : Wednesday , 10th April 2013
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Bajaj Auto will commence production of its much-awaited new four-wheeler RE60 (product code) in the current financial year. Addressing media, Rajiv Bajaj, Managing Director, said the company was ready to manufacture the RE60 in a few months time. “The RE60 will be made out of our facility in Aurangabad, which is an existing unit that was manufacturing scooters and has long stopped doing so. The initial capacity will be 200 vehicles per...

  • Posted on : Wednesday , 10th April 2013
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India is considering lowering the floor price for wheat sales to private traders for export from state warehouses, government sources said, to kick-start shipments by this route as global prices hover near nine-month lows and stocks pile up. One suggestion is to lower the price to 13,500 rupees ($246)a tonne from 14,800 rupees plus taxes, said one government source directly involved in the decision making process. Two other sources confirmed...

  • Posted on : Wednesday , 10th April 2013
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The volume of coconut oil (CNO) exports in March rose by 125 percent year-on-year due in part to a small increase in global demand. According to the United Coconut Association of the Philippines (UCAP), CNO shipments last month amounted to 142,991 metric tons (MT) compared to 63, 649 MT in March 2012. “There were shipments due for February that only made it in March. There was also a slight increase in demand from key markets,”...

  • Posted on : Wednesday , 10th April 2013
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