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IMPORT DUTY ON EDIBLE OILS
India's palm oil imports hit 14-month high, soyoil purchases set recordIn October, India experienced a surge in palm oil imports to 866,000 metric tons. Soyoil imports reached a record high of 653,000 tons, ref...
Indian oil refiners expect healthy margins amid global supply disruptionsA combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (A...
India weighs new oil manoeuvre as old routes get jammedThe West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from be...
Marico profit jumps 31%, flags rising input costs amid West Asia woesMarico has reported a 13% increase in consolidated revenue, driven by strong volume growth in India and international markets. The company ...
Budget 2027: Customs duty relief on 118 goods under reviewThe Indian government is currently reviewing customs duty concessions applicable to 118 products set to expire. This review involves input ...
- Maharashtra FDA suspends 19 food licences; acts against Patanjali distributor over 'adulteration'
In a recent operation, the Maharashtra FDA suspended licenses of 19 food business operators for violations. They seized food articles worth...
Marico Q2 Results: Net profit jumps 31% YoY to Rs 550 crore, revenue rises 12%Marico reported a 31% YoY rise in Q2FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. EBITDA increased 27%, margin...
India extends cotton import duty exemption till December 31The Indian government has extended the customs duty exemption on cotton imports to December 31. This decision aims to support the textile i...
Govt extends customs duty exemption on cotton imports till December 31The Indian government has announced an extension of the customs duty exemption on cotton imports until December 31, 2026. This move aims to...
Government scraps export duty on petrol, raises levies on diesel and ATFThe Indian government has abolished the special additional excise duty on petrol exports as of now. Diesel export levies have been raised t...
Finance ministry estimates India’s Q2 FY27 GDP growth at 7.35%The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% growth in the previous quarter, su...
IIT Kharagpur and Absolute launch Smart Scout AI project for soybean farmingAbsolute and IIT Kharagpur are developing an early warning system for soybean farmers to minimize crop losses. The Smart Scout project aims...
India may import more food, feed and farm commodities as drought hits cropsAmid predictions of drought in India this financial year, food and agricultural imports are anticipated to rise sharply. With serious reduc...
AWL Agri Business experiences 2% profit drop, emphasises growth in packaged food and exportsAWL Agri Business has reported a 2% decline in consolidated net profit for the September quarter. Revenue from operations, however, increas...
No pressure from US to cut Russian oil imports, Oil minister Hardeep Singh Puri saysOil Minister Hardeep Singh Puri said India has faced no US pressure to reduce Russian crude imports. US President Donald Trump waived fresh...
BL Agro heads to Africa with Rs 7,000 crore Tanzania bet; targets edible oil, dairyBL Agro plans to invest Rs 7000 crore in Tanzania over the next ten years for international expansion. The company will focus on edible oil...
Import of GM soybeans into India should not be allowed at all, say processorsProcessors across India are urging the government to impose a ban on the import of genetically modified soybeans from abroad. They argue th...
FSSAI issues notices to BigBasket, Flipkart, Gemini Edibles over misleading claimsThe Food Safety and Standards Authority of India issued notices to three companies for misleading health claims. Gemini Edibles & Fats Indi...
India's edible oil imports dip 7 pc to 15.44 lakh ton in Sep: SEAIndia's edible oil imports fell by 7 percent in September, totaling 15.44 lakh tonnes. The decline was attributed to a sharp decrease in cr...
Edible oil refiners set to clock 10-12% revenue growth in FY27 despite duty cut: ReportEdible oil refiners are projected to achieve a revenue growth of 10-12% this financial year. The recent cut in import duties on crude edibl...