Markets

Excess supply, weak demand, liquidity crunch and high borrowing cost hurt steel industry Billet prices in India dropped by US$12/MT for the week-ended 10 Feb, taking it to a three year low, according to a Wirana Shipping Corp report. Global...

Agrawal integrates IoT-electrical systems for water systems Jaipur’s RMC Switchgears Limited has set up a new subsidiary, Intelligent Hydel Solutions Private Limited, marking a significant stride in the realm of Water IoT Solutions. "The formation of Intelligent Hydel Solutions is...

Large-scale industries will drive LNG consumption in India India’s LNG demand is expected to rebound and grow to 30 million metric tonnes per annum (MMTPA) by 2030, following the global market rebalancing and the availability of affordable LNG contracts, says...

Natural gas will continue to see wider adoption in India, says Jain India’s emergence as the demand centre for energy in the world provides arbitrage opportunities around the globe for procuring natural gas, Ministry of Petroleum & Natural Gas Secretary...

Bharat says new hydrocarbon found offshore Guyana - a step towards prosperity Sherida Al Kaabi, Minister of State for Energy Affairs, Qatar, said that renewable sources of energy do not completely solve the global energy needs. “It is not responsible...

Jet-kerosene demand to grow 5.9% per year on average, says IEA India is on track to post an increase of almost 1.2 million barrels per day (mb/d) of oil, accounting for more than one-third of the projected 3.2 mb/d global...

EV sales surged by a remarkable 209.17% in FY2024 India's automotive sector continues to soar, with the industry poised to become a global leader in the dynamic world of automobiles, says an industry report. With a market size of US$108...

Panichella’s priority is to achieve double-digit growth in India Diversey, a company of Delaware-headquartered Solenis, has announced its growth plans for India's water treatment and hygiene sectors, emphasizing the pivotal role of innovation and sustainability in driving this growth. “Amongst...

Report says liquidity continues to be a challenge Plate prices in India has improved by US$8/MT while billet prices improved by a marginal US$2/MT the weekend 3 Feb 2024. Other product prices remained unchanged as demand continues to be low,...

Report notes aspiration for non-alcoholic beverages among young adults The value for carbonated beverage market in India anticipates a CAGR of ~4.87% juxtaposed with a more rapid expected growth for the non-carbonated segment at a CAGR of ~8.42% within the...