Rajesh Ravi
India’s natural rubber production in 2020 scaled down by 42,000 tonne: ANRPC
RB Premadasa, secretary-general of ANRPC, said in the report that NR prices further improved in September at varying degrees across different grades and different physical markets.
Will exceed guidance of 15% growth in FY21: Muthoot Finance
Regarding the new policy on on-tap targeted long-term repo operations (TLTRO), Muthoot said the cost of borrowing could come down for the NBFCs and benefits could be passed down to customers in the form of lower interest rate
Expecting 23% growth in gold loan business: Thomas John Muthoot, managing director, Muthoot Fincorp
The gold loan business witnessed a demand after Covid in comparison to the pre-Covid period. Non-availability of unsecured loans during the moratorium led more customers to shift to gold loans.
Indian shrimp exports to US increase 6.6 % to 31,676 tonne in August
During the initial days of the lockdown, the seafood sector was working at about 20-25% capacity with most of the laboratories closed.
Cochin Shipyard Ltd increases workforce to ramp up operations
The shipbuilder had reported a net profit of Rs 632.01 crore in the year ended March from a revenue of Rs 3,422.49 crore.
Cashew nut prices on revival path
“Cashew industry went through an upheaval not seen in a long time. In less than a month, raw cashew prices came down about 30% and kernel prices came down about 20%.The third quarter has seen things becoming stable but no
Dhanlaxmi Bank CEO Sunil Gurbaxani resigns
Gopinathan, who is a shareholder of the bank along with NRIs B Ravindran Pillai and MA Yusuf Ali, told FE that Gurbaxani was trying to change the nature of the bank and harm the interests of the shareholders.
Shareholders of Dhanlaxmi Bank vote against MD and CEO
Sources said shareholders were concerned the ‘identity’ of the bank was being diluted and were seeking a change in the top management.
South Indian Bank expects slippages to keep under control despite Covid-19 pandemic
The Kerala-based lender does not see any headroom for growth in the current situation and expects total business to be flat compared to last year, or in the best-case situation to grow around 3-4%.
Indian cardamom output to fall due to floods, dry spell: DASD
Indian cardamom production is likely to fall short in the current season due to the unprecedented floods and subsequent prolonged dry spell experienced in major growing regions in the country, according to the data compiled b
Demand for natural rubber may revive in Q3 of 2020
The inter-governmental organisation of 13 rubber producing countries in its latest report said the global demand for NR is likely to fall by 2.9 % in Q3 of 2020, after it fell 15% in Q1 because of China and 15.8% in Q2 due to
With loan repayment at 80-85%, ESAF Small Finance Bank expects few defaults as moratorium ends
Thomas added that business was back to normal in the rural areas with the rural customers in farming and animal husbandry showing more resilience.
Nimo Planet: Get productive with this India-made wearable
The smart glass has 64GB ROM, Wi-Fi, Bluetooth and 6DOF head tracking. It runs on Planet OS, a unique and simple operating system developed by the team using Android Open Source Projects, which is highly optimised for low pow
Manappuram Finance sees gold loan portfolio growing by 10-15% in FY21
The Kerala-based lender, which also operates a home loan, microfinance and commercial vehicle leasing subsidiary, has some arrears in the non-gold loan business due to restructuring.
India’s seafood exports hit by demand slump in US, China
Regarding the key market of the US, Fofandi says that while it is seen subdued currently, there are some positive signs. Supermarket sales, which give better margins, have picked up in comparison to institutional sales, he sa
Inland waterways: Charting a new course for water transport
Having been adjudged the world's best electric boat in its category, a solar-powered ferry has boosted prospects for cheap green services in Kerala and elsewhere.
Kalyan Jewellers now close to same store performance year-on-year: CMD
Rajesh Ravi of FE talks to CMD TS Kalyanaraman on the issues related to pandemic and future plans of the company. Excerpts:
TS Kalyanaraman, CMD, Kalyan Jewellers on post-Covid sales: ‘We are now close to same-store performance Y-o-Y’
The market is stabilizing and pre-book orders which we have received for redemption in the upcoming festive season also indicate that the revenue is going to be almost at par with the previous year.
Export markets open up for rubber component makers as global manufacturers looking at suppliers outside China
VT Chandrasekharan, president of AIRIA, told FE that India has tremendous potential to grow and could become a hub for sourcing rubber components and products if the inverted duty structure in the rubber sector is corrected.
China’s foray into spices extraction is giving sleepless nights to Indian suppliers
Two Indian Companies considered the opportunity and set up plants in Xinjiang and Suzhou Province, but were forced to close down the plant after a few years due to the deliberate restrictive policies by China.
Domestic demand for gold jewellery falls 74% in Q2 of 2020: WGC
The market development organization for the gold industry said H1 demand for jewellery was down 60% to an all-time low of 117.8 tonne.
Big gold jewellery retailers say demand almost normal now after COVID-19 gloom
India is the second-largest consumer of gold in the world after China, and the demand for gold in India sharply declined in June due to various reasons, including Covid.
Witnessing 400% m-o-m jump in registrations and turnovers in 3 months: AgriBazaar
AgriBazaar aims to reach one crore (100,00,000) farmers in the next 36 months.
Covid effect: Indian liquor sales likely to decline 35-40% this year
Globally too, consumption of liquor and spirits will see an overall decline of 15% due to the restrictions on on-premise consumption.
Will achieve the earlier guidance of 15% growth this fiscal: Muthoot Finance
The lender has also introduced a new product called ‘Gold UNLOCKER’ which will help customers unlock the value of their idle gold lying in bank lockers or home safes through an overdraft facility for their gold jewellery.
Real impact on CSB Bank’s asset quality will be known when moratorium period’s over, says MD C V R Rajendran
“Gold loan is one sector, which is showing growth but there is good competition. Two-wheeler loans are seen growing with people preferring own vehicles to public transport. We are also looking at used car loans,” he added
Shrimp exports to US decline by 58% in May
During initial days of the lockdown, the Indian seafood sector was working at 20-25% capacity, with most of the laboratories remaining closed.
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Top News
- India's research, manufacturing critical to fighting COVID-19: Bill Gates
- Mutual Fund: Time increased for submission of application forms, but you may not get same day NAV
- Mukesh Ambani pitches for push to manufacturing
- India to be at centre of global healthcare effort with its experience, research talent, says PM Modi
- FM Nirmala Sitharaman: Govt has started assessing Covid's impact on economy
- No Durga Puja pandals in Delhi's CR Park this year due to Coronavirus pandemic
- Malabar Exercise: Australia to join India, US, Japan; 'Quad' to conduct naval war game in the Indian Ocean
- Govt 'reminds' corporates not filing half-yearly returns for MSME dues, yet to join TReDS platform
- Ola's Bhavish Aggarwal: New businesses will emerge ahead to let people use 'vehicle-as-a-service'
- Homebuyers in Supreme Court to frame model pacts to protect realty customers
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