levels of state-led capex and strong growth in the utilities sectors, Rahul Bajoria of Barclays said in

bearing on sowing and crop yields for the year, ” Barclays Plc’s economist Rahul Bajoria said in a

By Rajendra JadhavMUMBAI( Reuters)-India's imports of sunflower oil could rise to a record in 2021/ 22 as potential bumper crops in Russia and Ukraine pull prices below rival soyoil, making it lucrative for price-sensitive buyers from the subcontinent, industry officials said. India is the world's biggest importer of edible oils and higher purchases of sunflower oil could help exporters such as Argentina, Russia and Ukraine to dispose of surplus output. Higher sunflower oil imports could cap Ind

MUMBAI: India has cut its tax on crude palm oil( CPO) imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development Cess( AIDC), will widen the gap between the CPO and refined palm oil import duties, effectively making it cheaper for Indian refiners to import CPO, industry officials

The pace of industrial growth slowed down to 11.5 per cent in July against 13.5 per cent in the previous month as expansion in the biggest segment manufacturing saw deceleration along with mining, despite easing of Covid-related restrictions. Much of the slowdown was due to the normalisation of the base as industrial production in volume terms, as measured by the index of industrial production( IIP), contracted by 10.6 per cent in July of the previous financial year, slower than16.6 per cent in

An additional import duty imposed on edible oils in September has also increased price pressures significantly.... But inflation as measured by the annual change in the consumer price index( CPI) likely slipped to 5.53 per cent last month, according to the median estimate in a Dec 4-9 Reuters survey of 56 economists. Forecasts for the data, set to be released on Dec.... Here's why Equity returns outclass gold, FD, property in the long term: Morgan Stanley Retail inflation to touch 14-month hig

Higher telecommunications charges, along with a comparatively low base one year ago, likely drove Indian retail inflation to a six-month high in December, a Reuters poll found, keeping alive expectations for an interest rate rise by mid-year. The Jan.... The core inflation remains very sticky and elevated and it will have to be cognizant about that," said Upasna Bhardwaj, senior economist at Kotak Mahindra Bank.A separate Reuters survey forecast the RBI to raise the repo rate to 4.25% some time

MUMBAI, June 6( Reuters)-India's palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said. Higher purchases by India, the world's biggest importer of vegetable oil, could support Malaysian palm oil prices FCPOc3, which are trading near a record high. India imported 660, 000 tonnes of palm oil in May, up from 572, 508

India's economic recovery likely strengthened in the previous quarter, boosted by services activity that recovered after pandemic-related mobility restrictions were eased, a Reuters poll of economists found. The Nov.... The Indian economy expanded 1.6% and 20.1% in the Jan-March and April-June quarters, respectively. The report will be released at 1200 GMT on Nov.... 30." After lagging the recovery during the initial phases, Q3 saw services activity playing catch up....

India's edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, five dealers told Reuters.... Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures.... India's average monthly edible oil imports in the 2021/ 22 marketing year were 1.17 million tonnes, trade body Solvent Extr