Business Standard: No respite for state plastic makers despite fall in crude

No respite for state plastic makers despite fall in crude
Fall in international crude prices has failed to offer any respite to the plastic processors in the state. The industry says that while crude is down by almost 25 per cent from the peak period, in comparison, polymer prices have slipped by only 4-5 per cent. This, coupled with foreign exchange losses as well as plummeting demand, has, in turn, started affecting the profitability of the plastic players, forcing a few hundred small and tiny processors to shut shop.
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Business Standard: Inadequate rain plays havoc with jute industry

Inadequate rain plays havoc with jute industry
Last year, backed by favourable weather, jute production was around 108 lakh bales, which was about 15 per cent higher than the previous year.
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FedEx, UPS Could Gain Access to Chinese Domestic Market

Lesson for India
	FedEx, UPS Could Gain Access to Chinese Domestic Market Source: joc.com FedEx and UPS could begin domestic delivery in China if the government grants the parcel giants the go-ahead to enter the multibillion and burgeoning market. Both carriers said talks with the Chinese government are ongoing and didn't diclose when China was expected to make a decision.

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APM Terminals to Open New Asia Headquarters

	APM Terminals to Open New Asia Headquarters Source: joc.com APM Terminals will open a new regional headquarters in Singapore in September to oversee its operations in Southeast Asia and the Indian subcontinent and free its Shanghai office to focus on China and Japan. A.P.

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Business Standard: Rs 13k cr boost for electric, hybrid vehicles on the anvil

Rs 13k cr boost for electric, hybrid vehicles on the anvil
The government plans to invest around Rs 13,000 crore over a period of eight years to promote electric and hybrid vehicles in the country and the Department of Heavy Industries is expected to seek Cabinet approval for the same within the next three months.
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Business Standard: No respite for state plastic makers despite fall in crude

No respite for state plastic makers despite fall in crude
Fall in international crude prices has failed to offer any respite to the plastic processors in the state. The industry says that while crude is down by almost 25 per cent from the peak period, in comparison, polymer prices have slipped by only 4-5 per cent. This, coupled with foreign exchange losses as well as plummeting demand, has, in turn, started affecting the profitability of the plastic players, forcing a few hundred small and tiny processors to shut shop.
Read More
www.business-standard.com Email This Article It has been sent to you by : ok@gmail.com

Yatra.com acquires Travelguru

Indian online travel firm Yatra has acquired Travelguru from US-based Travelocity Global, making it its fourth acquisition in two years. Travelguru is an online travel aggregator for hotel rooms and holiday packages. Read complete story here