Consumer goods majors Hindustan Unilever, and Procter and Gamble, among others are rejigging production strategies or firming up product prices to balance out the likely impact on taxes from GST.
India's iron ore production is likely to have increased by 28 per cent to 200 million tonnes during the 2016-17 fiscal, a top official said today.
The company's FY 2016-17 production and sales was over 4.8 million tonne.
Chinese politicians, on Wednesday, have asked for 100 million tonnes of sub-standard steel capacity to be cut. Earlier, the country had decided on a 50 million tonne capacity cut.
Sugar stocks are rallying on the back of low production output of the commodity. Vijay Banka of Dwarikesh Sugar Industries says that prices of the sweetener is reasonable and there is enough stock in the system.
ICRA expects the domestic sugar prices to remain firm in the near term, given the deficit situation in the domestic and international markets. This, coupled with moderate cane price increase seen for the current sugar year across most states, augurs well for profitability in the near-term, ICRA said.
State-run Coal India today said its board will next month consider payment of interim dividend for the ongoing fiscal.
The government today made it mandatory for stent makers to maintain production and supply of coronary stents by invoking an emergency clause under drug price control law citing reports of shortage in market.
The country's steel production and consumption is likely to remain higher in 2017-18 from 89.79 MT of crude steel during 2015-16 backed by an increase in infrastructure allocation in the Budget, a report said.
The government is likely to divest between 5 to 10 percent in Coal India by August, reports the Economic Times today. The move could bring down the government‘s stake in the company to roughly 69 percent from 79.78 percent and add Rs 20,000 crore to its divestment earnings.
For more than half a century, the Ambassador was the most recognized car of the country becoming the stately carriage of the prime minister and cab-drivers alike.
State-owned Oil and Natural Gas Corp (ONGC) today signed an MoU with Andhra Pradesh government for investing USD 5.07 billion in developing oil and gas finds off the state's coast by 2019-20.
SME sector witnessed slowdown post demonetisation, resulting in fall in production, wages and employment, according to a study by the India Development Foundation.
Fruit juice manufacturer Manpasand Beverages today said it will more than double its production capacity in the next 12-18 months.
Cotton production stood at 337.75 lakh bales in the same period last year, Cotton Association Of India (CAI) said in a release here.
Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the end of the month, the OPEC member's oil minister said on Monday.
State-owned Coal India arm Central Coalfields Ltd today announced an increase in price of coking coal, which may help the PSU earn an additional revenue of nearly Rs 89.98 crore for the remainder of 2016-17 and Rs 222 crore for the next fiscal.
Tata Steel today reported 28 percent growth in saleable steel production to 3.2 million tonnes (MT) for the third quarter of the ongoing fiscal on the back of ramp up its Kalinganagar plant.
After a record 18 per cent growth in bauxite mining, aluminium major Nalco plans to raise its production capacity to over 73 lakh tonnes this fiscal from about 68 lakh tonnes.
Speaking to CNBC-TV18 Susheel Kumar, Coal Secretary, said the offtake while being flat in the first three quarters of this fiscal year, November and December were good.
Crude prices have started to rise but what's worrying experts is the rise in US shale production. Matt Smith, Director of Commodity Research at Clipperdata says as crude prices rises, so will the US shale output.
The country's sugar production has touched 8.09 million tonnes in October-December while demand remained low due to demonetisation, the Indian Sugar Mills Association (ISMA) said today.
The company has resumed its operation and commenced its commercial production, with a production capacity of 80,000 bulk litre per day, on December 02, 2016 after removing all the technical bottlenecks at its unit situated at Vaishali district, Bihar.
Narendra Murkumbi, Vice Chairman and Managing Director, Shree Renuka Sugars said prices have moved up by about Rs 1 per kg in the last one week on back of news that production will be significantly lower than last season.
"Since the price has started moving up, we have thought to start the production again", AB Khare, CMD of FACT told CNBC-TV18.