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FarmERP, a provider of digital ERP solutions for agribusinesses, has said it is bringing its digital platform powered by latest AI and ML based offerings – FarmGyan – to Middle Eastern agribusinesses. A media statement said these technology solutions are specifically designed to tackle the region’s unique agricultural challenges, representing a significant advancement in boosting […]
Basmati (paddy) prices have improved after the minimum export price (MEP) was abolished, but farmers are not as happy as they expected to get last year’s rates. However, current geopolitical tensions in the Middle East may drive export prices either way in the months to come, experts said. Currently, the Pusa Basmati 1509 variety (unprocessed […]
At the 19th ICIS Middle East Base Oils and Lubricants conference in Riyadh, Kingdom of Saudi Arabia (KSA), Adib Takieddine, Managing Director, Nissan Motor Corporation KSA took to the stage to discuss the automotive sector from an OEM’s perspective. “From a global viewpoint, similar to many other industries, we […]
Uncertainty over the nature and extent of retaliatory strikes by Israel on Iran is not just keeping the Middle East and global oil markets on tenterhooks, but also reducing the headroom available with Indian oil marketing companies (OMCs) to cut petrol and diesel prices. Between September 11 and October 5, Brent prices rose from below […]
NEW DELHI: This week, investors’ sentiments would hugely be impacted by the RBI’s interest rate decision, Middle East conflict and trading activity of foreign investors, according to analysts.Furthermore, market trends would also be influenced by quarterly earnings from IT bellwether TCS, domestic macroeconomic data and global oil movements.Last week’s market fall was the result of […]
Oil prices rise as tensions between Iran and Israel escalate, with concerns about potential disruptions in the Middle East. Gas prices see a slight increase but remain lower than last year. Experts argue that ample supply and tepid demand could keep prices stable. Anticipated Israeli actions on Iranian oil facilities add to geopolitical uncertainty. Oil […]
NEW DELHI: Early Asian trading hours on Friday saw a hike in oil prices holding on to strong weekly gains, as investors anticipate potential disruption in crude oil flows amid the Middle East conflict against an amply-supplied global market.Brent crude futures inched up 9 cents, or 0.12 per cent, to $77.71, while US West Texas […]
In a first major impact for the trade due to the strike by the International Longshoremen’s Association (ILA) in the US East Coast ports, global shipping lines — US’s APL; China’s COSCO and France’s CMA CGM — have invoked force majeure. Denmark’s Maersk and COSCO have announced a local Port Disruption Surcharge due to a […]
Limited crude oil cargo from Russia, amidst strong import demand from Indian refiners, aided Middle Eastern suppliers regain some of their lost market share from the erstwhile Soviet Union for the second consecutive month in September. Analysts and trade sources noted that higher supplies from Saudi Arabia to India in September 2024 — despite the […]
The June-September south-west monsoon ended on Monday (September 30, 2024), but, India Meteorological Department (IMD) has notified prospects of formation of the first post-monsoon low-pressure area over North Bay of Bengal off the West Bengal coast over the next two days. Pre-monsoon and post-monsoon phases are fraught with the risk of storm formation in the […]
