Sugar stocks sweeten gains on talk of supply shortages in key states

Sugar stocks sweeten gains on talk of supply shortages in key states

Mumbai: Shares of sugar companies were among the top gainers on Thursday on expectations that prices would firm up on supply shortages in key states like Maharashtra and Karnataka. Out of the 35 sugar stocks on the BSE, 30 rallied in Thursday’s trade. Avadh Sugar soared 13.20%, Magadh Sugar jumped 12.8% and DCM Shriram rose … Read more

Cooperative export body NCEL gets ₹7,000 crore orders so far, to share profit with member farmers: Amit Shah

Cooperative export body NCEL gets ₹7,000 crore orders so far, to share profit with member farmers: Amit Shah

Union Home Minister and Minister of Cooperation Amit Shah addresses during the National Symposium on Cooperative Exports organised by National Cooperative Exports Limited (NCEL), in New Delhi on October 23, 2023. | Photo Credit: PTI Cooperation Minister Amit Mr. Shah on October 23 said the newly established National Cooperative for Exports Ltd. (NCEL) has bagged … Read more

China exports slumped 12.4 per cent in June from a year earlier as global demand weakened

China exports slumped 12.4 per cent in June from a year earlier as global demand weakened

China‘s exports tumbled 12.4 per cent in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation. Customs data released Thursday showed imports slid 6.8 per cent. Trade weakness adds to downward pressure on the world’s second-largest economy. Global consumer demand has weakened after the Federal Reserve and … Read more

India’s earnings proving much more resilient and robust versus other EMs: Manish Gunwani

India’s earnings proving much more resilient and robust versus other EMs: Manish Gunwani

“I guess the single most important variable for emerging markets, even probably bigger than Fed is the dollar trajectory and DXY has come down from 114 to 100 now and it has gone back to 103 odd. So the fact that dollar has weakened, bottom up we have a service export story going,” says Manish … Read more

India’s merchandise exports may cross USD 500 bn this fiscal: Exporters

India’s merchandise exports may cross USD 500 bn this fiscal: Exporters

The country’s merchandise exports are likely to cross USD 500 billion this fiscal due to healthy demand for domestic goods in key global markets, including the US, and benefits from trade pacts, according to exporters. They said that other destinations like Russia would give a huge boost to the country’s outbound shipments, particularly in the … Read more

Asian stocks pinned to lows as rate fears weigh

Asian stocks pinned to lows as rate fears weigh

Asian stocks struggled to come off two-month lows on Wednesday and the safe-haven dollar was firm as concerns about rising interest rates and slowing global growth kept the mood downbeat, while markets waited on economic data to chart the course ahead. MSCI’s broadest index of Asia-Pacific shares outside Japan touched its lowest since early January … Read more

India will have record wheat production, must plan for export, says Arun Kumar Joshi

India will have record wheat production, must plan for export, says Arun Kumar Joshi

Photo used for representation purpose only. | Photo Credit: Vijay Soneji Arun Kumar Joshi, managing director, Borlaug Institute of South Asia and the Country Representative of International Maize and Wheat Improvement Centre (CIMMYT) has spent about four decades in researching and developing high-yielding and climate-resilient wheat varieties. With unexpected changes in the global climatic conditions … Read more

Kerala entrepreneur Ambika Somasundaran exports her brand of drumstick-based products

Kerala entrepreneur Ambika Somasundaran exports her brand of drumstick-based products

A soup mix or rasam mix with moringa (drumstick) leaf powder in it? Or a payasam that has moringa flesh as one of the ingredients? These are value-added products with moringa that entrepreneur Ambika Somasundaran manufactures at her unit, Kariat Dry Foods, at Marottichal in Puthur panchayat, Thrissur district. Now she is excited that some … Read more

A great rotation is brewing in Asia as investors shift from India to China, Korea

A great rotation is brewing in Asia as investors shift from India to China, Korea

The nascent revival in North Asian equities is being touted as the start of a potential bull run as bets for China’s gradual reopening as well as the bottoming out of the chip industry intensify. Strategists at Goldman Sachs Group Inc. expect Asia’s equity leadership to shift from Southeast Asia and India to markets like … Read more