Tag: Mumbai

2016: Not really a golden year, more a light plating

2016 was marked by two distinct halves for gold. The year started off on a rip, for the price anyway. It rocketed higher, fueled by flights to safety, havens for cash. Ultra-low US interest rates. Cash wasn’t king; gold stole the show, albeit it was short-lived. Now we’re approaching year-end and looking at that spot price, not that far off where it commenced 2016. The London Bullion Market Association Gold Price started 2016 at $1,072.70/oz, it settled on the morning of December 20 at $1,132.75/oz. The 2017 settlement high was $1,370/mt back in July. According to LBMA data, the morning... continue reading

China dominates conversations at Platts Asian steel events

S&P Global Platts stages many steel conferences and forums around the world, but regardless of the location China is invariably the dominating topic. And this was again the case at our Ferrous Forum in Tokyo and Steel Markets Asia conference in Mumbai, both held last month. Within China, there is a sense that the steel industry is starting to cool off – with some industry participants going as far as to describe it as a “sunset industry.” But outside of China, competing steel countries would liken it more to the heat of the midday sun, with many companies feeling burnt... continue reading

Indians wait patiently as steel moves to front of queue

To their surprise, delegates and speakers flying into Mumbai last month for Platts Steel Markets Asia conference were witnesses to history in the making. Ten days earlier, on November 8, the Modi government had launched a “demonetization” drive, the core of which was the gradual removal of Rupees 500 and Rupees 1,000 notes from circulation. The surprise announcement led to long snaking queues in front of ATMs as Indians waited (mostly patiently) to change their bundles of old notes. Yet the public’s response was generally calm. Photo by Charlotte Rao “Fear turned to acceptance,” quipped a Chinese delegate.  She might... continue reading

India continues to baffle with rising steel output and lagging consumption

The steel industry in India continues to be a baffling box of contradictions. While Indian steelmakers are ramping up newly installed capacities and increasing output, Indian consumers remain stubbornly unmoved about consuming all that local steelmakers are making. That India would go on a mission to increase output seemed highly unlikely even a year ago, as an influx of low-priced steel imports was seen threatening the very survival of local mills. Indeed, major Indian steelmakers blamed “cheap imports” for their losses during the financial year that ended last March. Indian HRC Imports Source: Joint Plant Committee During the fiscal year... continue reading

Choc-Ex 2016 commences at Mumbai’s Bombay Convention & Exhibition Centre

The theme of Choc-Ex 2016, India’s only trade fair focusing on the chocolate industry, was From Beans to Bar. The event, which took place at Bombay Convention and Exhibition Centre, was organised by Exponential Solutions. … Read More... continue reading

Sixth edition of India Cold Chain Show to commence in Mumbai on Oct 17

The sixth edition of India Cold Chain Show (ICCS) will take place in Mumbai between October 17 and 19, 2016. … Read More... continue reading

CII organises two-day meet to seek regulatory framework for warehousing

With a view to promote and facilitate efficient handling of agricultural supply, the Confederation of Indian Industry (CII) organised a two-day conference, Agri Supply Chain 2016, in Mumbai. … Read More... continue reading

Maharashtra keen on tie-up with Poland for dairy, food processing

At a recent interaction co-organised by World Trade Centre Mumbai and All India Association of Industries, Mahadev Jankar, minister of animal husbandry, dairy development and fisheries, government of Maharashtra, invited the government of Poland for dairy and food processing tie-ups in the state. … Read More... continue reading

Inventicon to organise meet on functional food on September 21 and 22

Inventicon will organise Functional Food and Beverages Summit India on September 21and 22at Courtyard Mumbai International Airport. … Read More... continue reading

VKL expands its plant, moves to state-of-the-art facility in Rabale

VKL expands its flavours capability and moves to a state-of-the-art facility at Rabale, Navi Mumbai, India. … Read More... continue reading

Hotel Marine Plaza’s Bayview to host Mumbai Street Food Fest from Sept 16

The Bayview restaurant at Hotel Marine Plaza will host the Mumbai Street Food Festival between September 16 and 25, 2016. … Read More... continue reading

Reforming retail regulation theme of RAI-organised retail regulatory meet

The theme of the Retail Regulatory Summit 2016, which took place in Mumbai recently, was Reforming Retail Regulation. The event was organised by the Retailers’ Association of India (RAI). … Read More... continue reading

Tata Sampann spices launched in Mumbai; Available in 100g 5-in-1 packs

Tata Sampann spices were launched in Mumbai recently. Following a phase-wise roll-out plan, the spices have been available in the northern and eastern markets since last year and will be available nationally before the end of the year. … Read More... continue reading

FAIC to create food safety awareness at second edition of exhibition

The Federation of All India Caterers (FAIC), the body that governs the catering segment in the country, will organise the second edition of the FAIC Convention and Exhibition in hall number 6 of the Bombay Convention and Exhibition Centre in Goregaon, Mumbai, between August 27 and 29, 2016. … Read More... continue reading

WestCoast bags best seafood co of the year award at seventh CMO Awards

Mumbai-based WestCoast Fine Foods (India) Pvt Ltd, which makes the Cambay Tiger brand of seafood products, bagged the best seafood company of the year award at the seventh CMO Asia Food & Grocery Excellence Awards, held at Pan Pacific, Marina Square in Singapore recently. … Read More... continue reading

Tea Board of India partners with WTCE for domestic tea trade promotion

As part of its aggressive strategy to promote domestic and global tea trade, Tea Board of India, the apex tea body under the Ministry of Commerce, has booked a large pavilion at the World Tea and Coffee Expo (WTCE), slated to be held between October 20 and 22, 2016 at the Bombay Exhibition Centre, Goregaon, Mumbai. … Read More... continue reading