Market Flash

The plant, at advanced stage of commissioning, is coming up at Medak district of Telangana. The plant will not only serve the Indian market, but is also designed to be a regional hub for West Asian and African markets.

In this regard, CBIC has clarified that, in the aforesaid cases, GST will be payable by the refinery only on the net quantity of petroleum gases retained by the recipient manufacturer for the manufacture of petrochemical and chemical products.

India’s palm oil imports are likely to fall 15% in 2017-18 from the year before to their lowest in six years, hit by a hike in import taxes, a weaker rupee and tighter credit for would-be buyers, according to a Reuters report.

The dyestuffs industry that has an acute problem with tackling wastes generated in manufacturing processes can benefit significantly by using membrane solutions at several stages including for dye desalting, concentration and purification of the finished

Mangalore Refinery and Petrochemicals Ltd. (MRPL) is setting up a water desalination plant near New Mangalore Port in Mangaluru. According to Mr. M. Venkatesh, Managing Director, initial stages of engineering and tendering activities are going on and the

The National Green Tribunal (NGT) has ordered the setting up of a committee to decide on the reopening of the Vedanta Ltd.-owned Sterlite Copper factory in Thoothukudi, Tamil Nadu, after the company challenged the state government’s closure order in May.

Hindustan Petroleum Corporation Ltd. (HPCL) has issued a Letter of Acceptance (LOA) to Pune-based Praj Industries Ltd. for their upcoming second generation (2G) biorefinery project located in Badaun, Uttar Pradesh. The plant will have the production capac

Turkey previously had been subject to the US Section 232 25% tariff on steel imports and 10% tariff on aluminum imports since taking eff...

The plastics industry has been in the news recently, mostly for the wrong reasons. The issue of plastics waste has come centrestage in developed and developing countries including here in India. Several states, Maharashtra included, have moved to ban sing

The use of cavitation technology in textile processing was the theme of a talk by Professor A.B. Pandit, UGC Research Scientist & Dean (HR), Institute of Chemical Technology, at the Annual General Meeting of the Society of Dyers and Colourists (SDC) i

Jubilant Life Sciences has earmarked Rs. 550-crore for capital expenditure (capex) in the current financial year, while also planning to invest Rs. 300-crore in research and development (R&D).

Niti Aayog is working with Apollo Hospitals and information technology major Oracle on applying blockchain technology in pharmaceutical supply chain management to detect spurious drugs, informed NITI Aayog’s CEO, Mr. Amitabh Kant.

CEQUA (cyclosporine ophthalmic solution) 0.09% for topical ophthalmic use is the first and only dry eye treatment to combine cyclosporine A with nano-micellar technology.

But new research suggests that there could be too much of a "good" thing. Very high blood levels of HDL cholesterol may actually be bad for you. The research linked it to a higher risk for heart attack, and even death, among patients who already

China Biologic Products Holdings, a leading fully integrated plasma-based biopharmaceutical company in China, announced that the Company's board of directors (the "Board") has received a letter dated August 23, 2018 from CITIC Capital MB Investm

GT Biopharma Inc. (GTBP) an immuno-oncology biotechnology company focused on innovative treatments based on the company's proprietary platforms, has announced the appointment of David Cardino, CPA, MBA as Vice President of Finance effective August 20, 201

Energy commodities including propane, butane, naphtha, jet fuel and coal are on the second list of $16 billion worth of US products that attract 25% additional tariffs from August 23, 12:01 pm Beijing time (0401 GMT), according to China's Ministry of Comm

Citing an increase in power outages, Silicon Valley manufacturing firm JSR Micro said Thursday it will install a microgrid system that can power its operations if the power grid fails, a solution that could proliferate in the coming years.

The benzene market remained in a contango this week amid the expected restart of downstream operations and the pick up of business activity in September after the summer holiday period.

China on Thursday implemented tariffs on a second tranche of US goods, targeting oil products and coal for the first time, in retaliation to US tariffs effective the same day and paving the way for crude oil and LNG to be hit next.