India's common salt exports increased by 22 per cent to 24.88 lakh tonne during April-December 2010-11 year-on-year on account of increasing demand of the important food ingredient in the overseas market, parliament was informed today.

Common salt exports up by 22% in Apr-Dec 2010-11

Press Trust of India

Both the precious metals surpassed all previous records to hit new highs today.

Gold touches new peak at Rs 21,420; silver hits 31-yr high

Moth prices traded lower by Rs 100 per quintal on the wholesale pulses market today on restricted buying against adequate stocks.

Moth down in thin trade

Base metals, led by copper, turned weak and fell by up to Rs 5 per kg on the local non-ferrous metal market today due to fall in industrial demand amid weak global trend.

Base metals fall on global cues

India's export of rubber products is estimated to have risen by 31.5 per cent during the first five months of this fiscal, Parliament was informed today.

Rubber products export up by 31.5% till Aug FY11

There was not much activity in the local steel and iron market today as prices moved in a tight range in the absence of worthwhile activity and settled around previous levels.

Steel prices remain steady in thin trade

The local plastic market ended on a flat note today as polymer prices moved in a narrow range on lack of worthwhile buying activity and settled around previous levels.

Polymers remain flat in thin trade

Copra prices rose at the spices market here today due to strong demand from stockists bulk consumers as well as good offtake by millers amidst restricted arrivals from growing regions.

Copra spurts on heavy festive demand

Despite accounting for 15% of world's vegetables production, India has a relatively low, around 1.5%E, global share of export of veggies.

India has just a small share of world's vegetables export: Sharma

An overall steady trend was witnessed at the Vashi wholesale sugar market here today due to lack of buying activity coupled with adequate stock positions.

Sugar ends steady in lacklustre trade

Copper and brass prices firmed up at the non-ferrous metal market here today due to stockists offtake coupled with higher industrial demand.

Select base metals firm up on industrial demand

Castorseed bold and castor oil commercial prices dropped further at the oils and oilseeds market here today due to subdued demand from consuming industries coupled with falling exports.

Industrial oils slide on sluggish demand

Gold surpassed all its record highs and breached the Rs 21,000 per ten grams mark at the bullion market here today on hectic trading by stockists and investment-driven buying triggered by bullish trend at the global level.

Gold sprints to breach Rs 21 k mark, silver hits Rs 54 k milestone

Natural rubber prices here today fell by Rs 3 to Rs 227 per kg on the back of declining rates in the international markets.

Natural rubber prices slip in domestic market

This comes in the backdrop of bumper wheat production estimates for the coming season. According to the state agriculture department, the state wheat production is likely to increase by 4.5 per cent to 28.83 MT compared to 27.5 MT last year. The wheat acreage is estimated at 9.61 million hectares.

UP to procure 3.9 MT wheat

Business Standard

While major retailers on Monday observed one-day strike to protest against the 10 per cent excise duty on readymade garments proposed in the Union Budget, the regional major retailers did not participated in the protest. The regional major retailers, including Saravana Stores, Nalli and others, opened their shops as usual on Monday.

Retailers strike: Some retailers do not take part

The Textiles Ministry is seeking rollback of excise duty on branded apparel, following protest from retailers, including Shoppers Stop and Pantaloons, who have gone on strike today protesting the new levy. &ldquo;We will write a letter to the revenue secretary. We are requesting them, as the prices of the finished products in the domestic retail sector (which) we are trying to develop, would indeed go up,&rdquo; Textiles Secretary, Rita Menon, said on the sidelines of a Central Cottage Industries Emporium of India function here.

TexMin seeks rollback of excise duty on garments

The textile manufacturers have increased the usage of synthetic yarn following high cotton prices in the manufacturing purpose over the last one year.

Textile makers resort to synthetic yarn

The exports of Jeera (cumin seed) from Gujarat are likely to take a hit as prices soar by over 40 per cent as compared to last year. The escalation in prices is on account of a delayed arrival and poor quality of the seed following untimely rains in the key growing regions, Gujarat and Rajasthan, over past couple of months.

High prices, poor quality hampers jeera exports from Gujarat

In the long run, gold looks good; in the near term, silver may go up further.

Gold-silver ratio falls below 40

By any yardstick, Partha Bhattacharyya, while he was the helmsman at Coal India Limited (CIL), did an all-inclusive good job. Otherwise, the massive Initial Public Offering (IPO) of CIL would not have been such a runaway success. But, Bhattacharyya must have laid down his office with at least one major regret, which is, in the absence of any unambiguous official guidelines, he could not pull off an acquisition outside the country.

Overseas assets elusive

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