Krittivas's Feed
Jan 6, 2012

MRPL not cutting back Iranian oil imports

NEW DELHI (Reuters) – Mangalore Refinery and Petrochemicals Ltd (MRPL.NS: Quote, Profile, Research), India’s biggest buyer of Iranian crude at about 150,000 barrels per day, has not cut purchases despite U.S. sanctions against Tehran, a top executive told Reuters on Friday.

The new U.S. law allows President Barack Obama to offer waivers to prevent havoc in oil markets, but to receive the permits countries are expected to demonstrate that they are reducing ties with Tehran.

Jan 6, 2012

India’s MRPL not cutting back Iranian oil imports

NEW DELHI, Jan 6 (Reuters) – Mangalore Refinery and
Petrochemicals Ltd, India’s biggest buyer of Iranian
crude at about 150,000 barrels per day, has not cut purchases
despite U.S. sanctions against Tehran, a top executive told
Reuters on Friday.

The new U.S. law allows President Barack Obama to offer
waivers to prevent havoc in oil markets, but to receive the
permits countries are expected to demonstrate that they are
reducing ties with Tehran.

Jan 3, 2012

India iron ore exports seen plunging after tax rise

NEW DELHI, Jan 3 (Reuters) – India’s iron ore exports
are likely to be 75 percent lower than previously expected in
the quarter ending in March as a rise in export duties kicks in
as part of the government’s push to conserve supplies for
domestic steelmakers.

Asia’s third-largest economy announced a 50 percent jump in
export duties on Monday to 30 percent, prompting traders to
slash their forecasts for exports for the year to March 2012 to
around 50 million tonnes from 65 million. That was already down
from 97 million tonnes last year.

Dec 20, 2011

China says India may start probe into solar imports

HONG KONG/NEW DELHI, Dec 20 (Reuters) – India may
launch an anti-dumping probe into imports of Chinese solar
products within a month, China’s commerce ministry said, but a
top Indian renewable energy official denied on Tuesday that any
such plan was in the works.

If New Delhi investigates allegations of unfair Chinese
trade in the solar energy sector, it could be yet another
challenge for China’s solar companies, weeks after the United
States decided to probe sales of their solar panels.

Dec 9, 2011

Toyota, Indian firm close to 6,000 T rare earths deal

NEW DELHI, Dec 9 (Reuters) – India’s state-run rare
earths monopoly is close to sealing a deal to supply 6,000
tonnes a year to Japanese Toyota Tsusho Corp (8015.T) for its
new processing factory in southern India, government sources
said on Friday.

Global trading houses are scrambling to secure new sources
of rare earths — vital for making auto parts and high-tech
products — after dominant producer China repeatedly cut
exports, sending prices soaring.

Nov 21, 2011

Sesa Goa sees India FY12 iron ore exports down by a third

NEW DELHI, Nov 21 (Reuters) – Iron ore exports from
India, usually the world’s third biggest supplier of the
ingredient for steel, could fall a third to 65-70 million tonnes
in the year to March 2012, the head of a major exporter, Sesa
Goa, said on Monday.

India’s iron ore exports were already down 25 percent in
April to October, hit by stalled shipments because of a legal
wrangle in Karnataka, which normally accounts for a quarter of
exports, and the pinch of high transport costs.

Nov 16, 2011

Sharad Pawar’s political clout drives farm exports

NEW DELHI (Reuters) – When it comes to food exports from one of the world’s biggest consumers, Agriculture Minister Sharad Pawar often holds the trump card with his four decades of experience and pivotal position in the coalition government.

This week, he’s likely to push for at least 500,000 tonnes of sugar exports, ploughing over opposition from some colleagues keen to secure domestic supplies for India’s 1.2 billion people and curb raging inflation.

Nov 16, 2011

Minister’s political clout drives India farm exports

NEW DELHI, Nov 16 (Reuters) – When it comes to food
exports from one of the world’s biggest consumers, India’s Farm
Minister Sharad Pawar often holds the trump card with his four
decades of experience and pivotal position in the coalition
government.

This week, he’s likely to push for at least 500,000 tonnes
of sugar exports, ploughing over opposition from some colleagues
keen to secure domestic supplies for India’s 1.2 billion people
and curb raging inflation.

Nov 10, 2011

Pakistan, India herald new era of dialogue

VILLINGILI ISLAND, Maldives (Reuters) – India and Pakistan hailed progress in diplomatic ties on Thursday, promising to open a “new chapter” in their fraught relationship at a next round of formal peace talks.

Lasting peace between the nuclear-armed rivals is seen as essential to South Asian stability and to helping a troubled transition in Afghanistan as NATO-led combat forces plan their military withdrawal from that country in 2014.

Nov 9, 2011

Bangladesh may withdraw complaint over EU help for Pakistan

ADDU CITY, Maldives (Reuters) – Bangladesh is considering withdrawing a complaint about a European move to grant beneficial import conditions to Pakistani textile makers as an aid measure following Pakistan’s floods last year, a senior Bangladeshi official said on Wednesday.

Europe and Pakistan had expected a long-announced plan for trade preferences for Pakistani textile makers to be approved during a meeting of trade diplomats in Geneva this week, but a Bangladeshi complaint halted the move.