Oil majors haunted by low prices, hoard new riches
Big oil, still haunted by the spectre of sub-$10 crude, is holding tight this year to riches reaped from high prices instead of rushing to seek out new developments, executives and analysts say.

Government evaluating cost of implementing ACPC order
The Union government is examining the cost of retaining coffee under its commitment to the Association of Coffee Producing Countries, officials said on Thursday."The federal government is still to take a decision on who will pay for the retention"

No carpet welcome for India in export markets
Increased competition from neighbouring countries including Pakistan, Nepal and China and reduced demand for woollen carpets are expected to bring down the growth rate of the industry to 7% this year as against 10% estimated earlier.


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