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AGRI-BIZ & COMMODITIES

COMMODITIES: Inflation dips to below 4%
New Delhi, Feb. 19 The annual Wholesale Price Index-based inflation rate fell to a 13-month low, dipping below the 4 per cent mark on account of lower inflation in the case of primary articles and manufactured products, stoking expectations ...

GOLD & SILVER: Gold demand up in Q4 but 2008 sees overall drop
Global offtake of yellow metal rises 4% on stronger H2. Chennai, Feb. 19 Gold consumer and investors loosened their purse strings during the last quarter of 2008 as demand for jewellery increased 107 per cent and for retail investment 47 per ...

FERTILISERS: 3 groups receive over 50% of fertiliser subsidy
Domestic manufacturers paid Rs 47,215 crore. New Delhi, Feb. 19 Three groups — Indian Farmers Fertiliser Co-operative (Iffco), K.K. Birla and Murugappa groups — account for more than half of the fertiliser subsidy paid out of ...

COMMODITY EXCHANGES: NCDEX arm to set up 40 centres this year
Eyes 75-80% of Gujarat’s crop. Ahmedabad, Feb. 19 National Spot Exchange of India, an arm of the National Commodities and Derivatives Exchange (NCDEX), has set a target of one year to map around 35-40 arrival centres and 75-80 per cent of ...

INFRASTRUCTURE: Subhash Projects bags Rs 586-cr deal
Subhash Projects & Marketing Ltd (SPML) said that it has bagged the Chevella Lift Irrigation Scheme valued at Rs 586 crore from the Irrigation and CAD Department, Andhra Pradesh Government. A release from the company said that the scope of ...

TEA: Short-listed teas for awards tested for pesticide residues
Kochi, Feb. 19 The 79 short-listed teas that qualified for the second level of screening were evaluated by a panel of internationally renowned tasters here at the venue where the India International Tea Convention2009 (IITC-2009) is ...

CLIMATE & WEATHER: High winds forecast for plains in the North
Thiruvananthapuram, Feb. 19 India Meteorological Department (IMD) sees northwesterly winds picking up strength over the Indo-Gangetic plains over the next three to four ...

AGRICULTURAL INSTITUTIONS: Nabard sees Rs 45,000-cr credit potential for TN
The credit potential envisaged by the National Bank for Agriculture and Rural Development (Nabard) for Tamil Nadu for 2009-10 is around Rs 45,000 crore, according to its Chairman, Mr U.C. ...

COIR: Coir products showcased in Russia
Kochi, Feb. 19 Following the US, now it’s Russia which has turned its eye towards Indian coir. An Indian delegation currently touring Russia received good response from Moscow Chamber of Commerce for ...

EVENTS: Golden flavours
...

OILSEEDS & EDIBLE OIL: Row over virgin olive oil duty ends
Chennai, Feb. 19 A row over imports of virgin olive oil, leading to spat between importers and Customs authorities over the duty for bringing in this oil into the country has ...

RUBBER: Spot rubber gains on covering buys
Kottayam, Feb. 19 Spot rubber improved on Thursday. According to observers, the market turned better on covering purchases amidst short supply. Certain major manufacturers were reported to be buyers up to Rs 69 a kg on sheet rubber. The ...

TEA: Prices firm up at Kochi tea auction
Kochi, Feb. 19 As arrivals continued to remain low, prices firmed up further at the Kochi tea auction. The auction also witnessed record prices in several grades of tea for the current ...

Columnists: G Chandrashekhar Sharad Joshi




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Markets (Feb 19)
Nifty (at close)2,789.35(+13.20)
US Dollar (Buy/Sell)49.61/63
Brent crude (a bbl) Rs1,922
Gold (a gram) Rs1,441
Silver (a kg) Rs24,305


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