The Hindu Business Line : Tuesday, February 07, 2006

Fidelity picks up 9% stake in MCX
FIDELITY International, a leading foreign institutional investor, has picked up 9 per cent stake in Multi Commodity Exchange of India Ltd (MCX) for $49 million (about Rs 216 crore). This is the first foreign investment in an Indian commodity ... More

WHEAT

Govt to hike wheat procurement
WITH the Government having to resort to wheat imports to keep prices under control this year, it has increased its procurement plans for the crop in the ensuing season by about 14 lakh tonnes. The Government plans to procure 162 lakh tonnes of ... More

Wheat import move lauded
CHENNAI: The Tamil Nadu Roller Flour Mills Association has welcomed the Centre's decision to allow duty-free import of five lakh tonnes of wheat. In a letter to the Union Food and Agriculture Minister, Mr Sharad Pawar, the association's ... More

SEEDS

Nuziveedu Seeds ties up with Rallis India
HYDERABAD: Nuziveedu Seeds has entered into a tie-up with Rallis India for marketing its Bt cotton hybrids. Rallis will market the hybrids in a special packaging. "The arrangement is likely to yield additional revenue of Rs 20 crore," said ... More

JK Agri Genetics to hive off seeds biz
JK Agri Genetics Ltd (JKAGL) today said it would hive off its seeds business to a new entity, while JKAGL would continue to focus on investments. The company declined to disclose the name of the new entity, when contacted. The shareholders of ... More

HORTICULTURE/FRUITS & VEGETABLES

Excess supply drags down ginger price
GINGER prices have dropped sharply on over supply consequent to a good crop in India and all other producing countries. In domestic market, the prices of dried ginger has declined to Rs 70-75 a kg from Rs 125-135 last year, market sources ... More

RUBBER

Shortage continues to push up rubber
SPOT rubber continued to explore new horizons. The main marketing centres seemed to be suffering from acute scarcity of the raw material following rumours and predictions projecting Rs 100 as the target per kg for sheet rubber. According to ... More

TEA

Incidence of frost hits Nilgiris tea crop
FRESH incidences of frost bites in the tea growing areas of the Nilgiris have been reported with the tea scientists apprehending at least a 10 per cent fall in the crop this month compared to February last year. Although incidences of frost ... More

GOLD & SILVER

Cutting-edge business
Gold bangle cutting in progress at an ornaments manufacturing unit in Thrissur, the gold hub of Kerala. Studies conducted by the World Gold Council show that families in India possess 15,000 tonnes of gold, which is 10 per cent of the world ... More

SPICES & CONDIMENTS

Spices export continues to decline
THOUGH exports of spices have shown a declining trend during the first nine months of the current fiscal, shipments of some items have gone up substantially during the period. Exports of chilli have declined during April-December this fiscal ... More

COMMODITY MARKETS

Wheat down on stockists selling
New Delhi: Wheat prices declined to close moderately lower in the wholesale grains market on Monday on stockists selling. Wheat dara (for mills) turned weak and prices were down by Rs 15 at Rs 955-990 per quintal, while wheat MP (deshi) ... More

CO-OPERATIVES

Takeover of Visakha Dairy draws flak
THE takeover of the management of Visakha Dairy and seven other co-operative dairies in the State by the Government through an Ordinance has been criticised by different political parties and organisations. The ordinance was issued on ... More

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Low-cost higher education books hit US stores

Fidelity picks up 9% stake in MCX

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Spices export continues to decline

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