The Hindu Business Line : Tuesday, October 11, 2005

Lending against commodities — Indian Bank ties up with NCMSL
INDIAN Bank expects to generate Rs 150 crore to Rs 200 crore of loan assets by lending against commodities — an activity that the bank has started recently. A key issue in lending with commodities as security is the assessment of the ... More

NYMEX, MCX join hands
MUMBAI: The New York Mercantile Exchange, Inc (NYMEX) and the Multi Commodity Exchange of India Ltd (MCX) on Monday e signed a memorandum of understanding to explore areas of cooperation that could mutually benefit the exchanges. The ... More

MCX, National Spot Exchange launch first knowledge centre
NATIONAL Spot Exchange for Agriculture Produce (NSEAP) and Multi Commodity Exchange of India Ltd (MCX), on Monday, launched the first ever "Commodity Suchna Kendra" (commodity information Centre) in Sirsa market, Haryana. The kendra is a ... More

COMMODITIES

Industrial growth prospects to spur metals demand
METALS demand growth has far under-performed industrial production growth so far in 2005, with the difference believed to be accounted for by heavy de-stocking at the consumer level. Any upturn in economic activity will see this de-stocking ... More

ENVIRONMENT

`Public hearing on Polavaram just a farce'
PUBLIC hearing on the proposed mega Indira Sagar (Polavaram) irrigation project across the Godavari here on Monday was reduced to a mere formality, with poor participation, and the whole exercise was finished in an hour. The Human Rights Forum ... More

FLORICULTURE

Fragrance of demand
Vendors selling marigold and chrysanthemum at a wholesale market in Jambagh in Hyderabad on Monday. Demand for flowers has peaked on the eve of Durga pooja. Some farmers bring the flowers to the city directly from neighbouring villages in ... More

RUBBER

Sops mooted to improve rubber sheet quality
THE Rubber Board has proposed a scheme to help rubber farmers improve quality of sheet rubber, aimed at boosting India's natural rubber exports, according to Mr Sajen Peter, Chairman of the board. "At today's high prices, we cannot ask for ... More

Boom after the bust
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Uptrend continues in rubber prices
DOMESTIC spot rubber prices increased further on Monday. Sheet rubber RSS 4 improved to Rs 66 a kg both at Kottayam and Kochi from Rs 65.25 on Saturday. All major grades including latex moved up on moderate enquiries from different sectors ... More

SUGAR

KM Sugar IPO opens on Oct 14
KM Sugar Mills Ltd today said that it plans to enter the capital market with an IPO to raise Rs 33.28 crore to fund its expansion programme. The company, which has a sugar plant in Faizabad district, Uttar Pradesh, is making the offer of 64 ... More

TEA

Tea prices improve marginally at Coonoor auctions
SUPPORT from exporters and the western markets helped prices improve marginally at the auctions of the Coonoor Tea Trade Association (CTTA) here during the weekend when a volume of 12.05 lakh kg was offered for sale. Pakistan buyers bought ... More

LIFESTYLE

`Farmer households spend 55 pc on food'
THE average Indian farmer household spends the highest share (Rs 101.27 or 20.14 per cent) of its monthly per capita expenditure of Rs 502.83 on cereals and cereal substitutes, followed by 9.68 per cent on milk and milk products. Expenditure ... More

COTTON

CCI to buy cotton at MSP rates, says Vaghela
THE Union Minister for Textiles, Mr Shankarsinh Vaghela, on Monday said that the Cotton Corporation of India (CCI) would buy cotton at minimum support prices (MSP). When asked how Indian cotton would fare worldwide as prices had dipped ... More

SPICES & CONDIMENTS

Delay in announcing pepper export subsidy upsets growers, trade
THE delay in announcing the WTO-compatible subsidy by the Union Commerce Ministry for export of black pepper even after clearance from all the concerned ministries and the expert committee has upset growers and traders. A delayed announcement ... More

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