M Sarita Varma

Articles By M Sarita Varma

182 Articles

Paper mills question zero import duty as H1 imports jump 30%

Due to the India-Asean FTA and India Korea CEPA, tariff on paper has been tapered down to zero. Further, under the Asia Pacific Trade Agreement, India has extended import tariff concessions to China and other countries. From

Paper mill, zero import duty, H1 import, economy news,  paper import, newsprint, India Asean FTA News

Steel ministry tells state govts to jack up scrap steel capacity

India had been paying as much as Rs. 24,500 crore to import its 7-million tonne deficit, as in 2017-2018, of scrap steel, despite the fact that country has a huge unorganised pool of unprofessionally-run scrap processing outf

Commodities News

Tyre companies accept rollback of natural rubber targets

“The downward revision undertaken by Rubber Board in respect of NR consumption, is in line with the tyre industry's view. The demand for tyres is under pressure, in view of slowdown in the automobile industry,” Rajiv Budh

Tyre industry, domestic NR, natural rubber production, rubber supply chain, tyre demand, ATMA, NR imports, NR consumption News

Rs 1,300 crore petrochem park in Kochi back on track

However, one caveat is that out of the 482 acres transferred from FACT, 170 acres had to be handed over to BPCL. Factoring in this transaction, Kerala will have to cough up Rs 527 crore. State's infra-funder KIIFB has agreed

Industry News

Muthoot Capital to give e-bike credit as Q2 PAT falls 35%

Its initial foray into used car credit had fetched Rs 14-crore business from six centres in five states.

Banking & Finance News

Facebook eyes equity in Indian tech start-ups, Twitter may follow

The two-day event also had Kerala government signing MoUs with firms like Oppo, Future Group and Wadhani Foundation, in the presence of chief minister Pinarayi Vijayan, besides the launch of Adobe Creative JAM.

Industry News

Travel firm Deem to pump $10 million into India centre, hires 100 in 9 months

The company reckons that tectonic shifts are happening in the travel industry, as every tour is getting restructured in technology perspective and travel management is moving from centralised systems to direct connections.

Deem senior vice-president Neil Markey says the company wants to get great talent for the Bengaluru hub, not just a bunch of engineers News

Kerala, Andhra Pradesh to ink cashew supply pact for Tirupati laddu

The deal with two Kerala government cashew oufits is expected to bring in logistics aggregation and better cost optimisation in the temple’s prasadam manufacturing facility.

Kerala, Andhra Pradesh, cashew supply, Tirupati laddu, Tirupati laddu cost, Tirupati laddu size, Tirupati laddu rate, amerket news

The infrastructure engine whirring again in Kerala

Notwithstanding recent disasters, KIIFB has been pushing projects, counting on money from NRIs.

Late last month, the KIIFB decided to fund 39 new infrastructure projects worth Rs 1,745.5 crore News

Onam likely to lift sagging consumer appetite in Kerala

Onam sales, which come hand in hand with the wedding season, are a bellwether stock for the long string of ensuing festivals like Durga Puja, Dussehra, Diwali and Christmas.

This time, the Onam season enjoyed a long one-month spell as Thiruvonam falls on September 11 News

Onam rush: Kerala eyes Karnataka for milk supply

The Nandini brand of Karnataka Co-operative Milk Producers Federation sells about 35 LLPD and the rest of the dairy players sell about 10 LLPD milk.

milk, milk prices, milk price in pakistan, amul, mother dairy, esential product News

Natural rubber prices slide as imports get cheaper

India’s rubber imports from Malaysia alone grew by 16.7% in value terms to $29.7 million in 2018 in the last 10 years.

Natural rubber, Natural rubber price, Natural rubber imports, Indian Rubber Growers Association, Rubber Board of India News

Keep tariff walls up at China RCEP, paper mills urge government

“We have pumped huge capital investment on ramping up capacities recently. If the imports surge, these investments will go down the drain,” IPMA (Indian Paper Manufacturers Association) president AS Mehta told FE.

RCEP, Indian paper mills, IPMA, Free Trade Agreement, India-ASEAN FTA, Basic customs duty News

Indian firms are ripe for scalable robotic process automation

What would be the impact of 5G? The Micro Focus top brass say that this will enable managing RPA from anywhere, consuming and controlling the data.

Industry News

Kerala PSU to launch e-auto rickshaws with 50 paisa/km cost

The battery, made locally with German technology hand-holding, and a 2KV motor will be the autorickshaw's nerve centre.

Kerala state PSU, e-auto rickshaw, e-auto rickshaw launch, German battery technology, electric three-wheeler News

Bring paper on negative list, local mills urge Nirmala Sitharaman

Although India has sufficient paper production capacities, imports of paper and paperboard into India are leapfrogging in recent years.

Nirmala Sitharaman, finance minister nirmala sitharman, paper industry News

India rubber price surges 17 per cent

The price of premium grade RSS-4 sheet has touched Rs 150 per kilo for the first time in the past two years, though the supply situation may not allow a matching market realisation.

India rubber price surges 17 per cent News

Despite Nipah jitters, Saudi Arabia resumes importing Kerala fruits, veggies

Traditionally, fruits and vegetables worth Rs 1.8 crore are flown every day from three Kerala airports to Gulf.

Nipah virus, Nipah ban on vegetables, Kerala, Saudi Arabia, Harsh Vardhan, Thiruvananthapuram, Kozhikode, APPEXA News

Kerala floats e-bus tenders, eyes Centre’s subsidy

The new stipulation is that the bidder should guarantee that the battery-powered e-bus will run for 250 km in a single charge and the mileage should be a minimum of 1.5 kWh/km.

Industry News

Kerala chief minister Vijayan rings LSE bell for KIIFB masala bond

Kerala chief minister Pinarayi Vijayan on Friday became the first chief minister in India to ring the ceremonial trading bell at LSE (London Stock exchange).

KIIFB is the first Indian sub-sovereign entity to get a masala bond listed on LSE. News

Natural rubber prices bounce back, growers see green shoots

Disproving doomsayers, price of natural rubber (NR) has caught a bounceback trend that is sending the growers back to rubber sapling replanting turf. Price of premium grade Ribbed Smoked Sheet (RSS-4) has surged to Rs 134 per

Earlier, due to poor price realisation, small holding farmers had even been abandoning tapping operations on their rubber trees. News

Kerala CM upset over ‘stalling’ of Rs 26k-crore NH project

Land acquisition has been always been a problematic and long-drawn process in densely populated Kerala, and the NH widening project had been riddled by protesting landowners.

Infrastructure News

Rubber output shrinks one-third in 10 years

Besides Kerala, Tripura and Assam are the top rubber growers, accounting for 24% of the country’s overall rubber production. But, robust growth in the Northeast has not been enough to uplift the total rubber output.

Commodities News

E-toilet firm Eram Scientific broadens export footprint

Dammam province in Saudi Arabia, as part of the larger plan to partner GCC countries in sustainable sanitation solutions,” Bincy Baby, director, Eram Scientific, told FE.

Industry News

North India biz drives Muthoot Cap profit 54% despite bumpy Q4

MCSL had jacked up its non-South disbursements from 6.2% to 30%, so that if natural calamities struck in the South, the growing disbursements in the North would offset them.

North India, Muthoot Capital Services, Muthoot Pappachan Group, market, market news

Coming Soon! Laptop manufactured by Kerala govt PSU

Decks are cleared for the entry of laptops from the Kerala government PSU, Keltron, and global software major UST Global, with the technical hand holding of Intel.

oconics models, laptops News

Federal Bank takes tips from Swiggy and Uber, may adopt Blockchain technology

Swiggy and Uber users are pushing bankers to adopt digital technologies, says Federal Bank COO.

Banking & Finance News
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