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Transformer industry set for high voltage growth |
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With increased focus on power related infrastructure, the transformers industry has seen high growth rate in volume as well as value terms. The capacity addition in the industry and focus on exports will boost the prospects of India's transfomer producers. |
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FAO for steps to boost tea consumption |
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FAO has suggested that tea consumption should be increased to ensure price stability in developing countries |
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IBM achieves breakthrough in solar technology |
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IBM Research has achieved a breakthrough in capturing solar power upto 230 MW per square centimetre thus reducing the requirment of solar panels. This will lead to significant reduction in harnessing solar energy for electricity. |
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Commodity Review: Market may be subdued |
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Commodity Online
With inflation recording a 44-month high of 7.86 for week ended May 3, price volatility was higher in gold and crude oil last week compared to agri-commodities most of which witnessed subdued trading. |
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IBM's super computer to develop superior rice |
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The project will study rice at the atomic level and then combine it with traditional cross breeding techniques used by farmers throughout history, according to IBM officials. |
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Usha Martin to become global leader in wire ropes |
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Usha Martin Ltd is undertaking a Rs 21 bn expansion project in phases that will cement its position as India's leading specialty steel manufacturer with more than 80 percent market share and make it world's largest wire rope manufacturer. |
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Capacity addition, captive power to help MCL |
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Improving efficiencies could help Mangalam Cements Limited to maintain its operating margins in the 30-32% band, despite raw material and energy cost pressures. Captive power plant helped MCL in achieving better results. |
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Gold, silver turn bullish on aggressive buying |
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Gold surged by Rs 180 to Rs 12,490 per 10 gram and silver gained Rs 150 to Rs 23,750 per kg as both the metals in global markets recorded handsome gains with dollar weakening against euro and crude oil recording its high levels. |
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ArcelorMittal to hold workshop in Koenjhar |
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ArcelorMittal will hold a workshop for local people in Keonjhar to air their views on the company's proposed Rs 40,000 cr steel plant to be set up there. The district administration will hold grama sabhas to enable people to air their views. |
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No manipulation in silver prices: new CFTC report |
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USA's Commodity Futures Trading Commission's Division of Market Oversight has concluded that there is no manipulation of silver prices based on a study of market trading covering the period 2005 to 2007. |
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US dollar falls against major currencies |
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Commodity Online
WASHINGTON: The US dollar suffered the most against major currencies of the world on Friday, mainly on concerns of slowness in US economic growth. |
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Consumer Price Index Vs Inflation Reality |
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By Gary Dorsch
Dow Jones Agricultural Commodity Index, which measures a basket of corn, coffee, cotton, soybeans, soybean oil, sugar, and wheat, was up 40% in April from a year earlier.
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Saudi Arabia confirms output increase |
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Commodity Online
RIYADH: In a significant development, Saudi Arabia on Friday confirmed that it had raised crude oil production by 300,000 barrels per day on May 10 and that increase was sufficient. |
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'High food prices are here to stay' |
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Small size of land holdings, lack of organisation, inadequate physical infrastructure, multi-layered and inefficient marketing systems etc are the major problems being faced by India farmers, says Donald M Taylor |
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Biofuels: Whose cry for food shall be answered? |
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Commodity Online
Production is growing, but population is growing faster. If production is less than demand, then how do people get enough food? |
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CBOT rice futures end mixed amid volatility |
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Commodity Online
NEW YORK: CBOT rice futures ended mixed Friday amid continued volatility and commercial buying of September and November rice while soybean futures ended sharply higher. |
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Gold surges near $900 as dollar falls |
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Commodity Online
NEW YORK: Gold rose the most in two and a half months and closed below $900 an ounce Friday mainly on fund buying as crude oil surged to a record and the dollar weakened once again. |
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Oil touches new high above $127 a barrel |
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Commodity Online
NEW YORK: Oil rose above $US127 a barrel for the first time and closed at $126.29 a barrel on Friday mainly on unrelenting upward momentum and strong global demand for distillates. |
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China buys record tons of Soybeans from US |
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Commodity Online
NEW YORK: The USDA said that China bought 253,000 tons of U.S. soybeans for 2008-2009. July soybeans closed up 30.5 cents at $13.78. |
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High gasoline prices hitting US economy |
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Commodity Online
NEW YORK: As America struggles to wade off a recession, it is the high fuel prices that is threatening the economy these days. |
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Gold
