Copper imports hit all-time high amid supply disruptions
Mint Mumbai|June 03, 2023
Despite achieving the highest copper production in the past five years at 555,000 tonnes in FY23, India still had to import 181,000 tonnes to meet rising demand, which reached an all-time high of 706,000 tonnes during the year
Subhash Narayan
Copper imports hit all-time high amid supply disruptions

India’s copper imports are at a record 181,000 tonnes due to severe supply disruptions in the domestic market, while exports plummeted to a record low of 30,000 tonnes in FY23, even lower than the pandemic period, according to data from the government.

Despite achieving the highest copper production in the past five years at 555,000 tonnes in FY23, India still had to import 181,000 tonnes to meet rising demand, which reached an all-time high of 706,000 tonnes during the year.

Esta historia es de la edición June 03, 2023 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

Esta historia es de la edición June 03, 2023 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

MÁS HISTORIAS DE MINT MUMBAIVer todo
BSE to appeal Sebi on option fee reversal
Mint Mumbai

BSE to appeal Sebi on option fee reversal

The BSE will be approaching the Securities and Exchange Board of India (Sebi), urging it to reconsider its decision on imposing regulatory fees on notional turnover of options.

time-read
1 min  |
May 10, 2024
Hero MotoCorp gears up for robust growth led by rich product mix
Mint Mumbai

Hero MotoCorp gears up for robust growth led by rich product mix

H ero MotoCorp Ltd's results for the March quarter (Q4FY24) has a few bright spots. For one, aricher product mix contributed to a 4.6% year-on-year growth in its average realization, at ₹68,373. Sales volumes surged 9.6%, driven by a 10.3% increase in motorcycles, which made up 93% of total volumes, with the rest coming from scooters. Consequently, overall revenue growth stood at 14.6% in Q4, totalling 9,519 crore.

time-read
2 minutos  |
May 10, 2024
Indian Hotels' new platform Ekyam to manage 25 hotels
Mint Mumbai

Indian Hotels' new platform Ekyam to manage 25 hotels

T ata Group-owned Indian Hotels Company Ltd (IHCL), which operates the Taj Group of hotels, on Thursday announced Ekyam, a new marketing platform that will manage a portfolio of 25 hotels and 2,500 rooms by the end of 2025.

time-read
1 min  |
May 10, 2024
Blackstone set to clinch Hipgnosis Songs deal
Mint Mumbai

Blackstone set to clinch Hipgnosis Songs deal

Blackstone looked set to clinch its $1.57 billion deal for Hipgnosis Songs Fund after Apollo-backed Concord said on Thursday it would stick with its lower bid for the music rights owner of artists such as Shakira and Red Hot Chili Peppers.

time-read
1 min  |
May 10, 2024
Bitcoin's longest losing streak of 2024 casts cloud over crypto
Mint Mumbai

Bitcoin's longest losing streak of 2024 casts cloud over crypto

Bitcoin is grinding lower as part of a $500 billion slide in digital assets, questions about whether the crypto rebound stoking has peaked.

time-read
1 min  |
May 10, 2024
Proximus Group to be $3bn biz in 3-4 years, Route Mobile $1 bn: CEO Guillaume Boutin
Mint Mumbai

Proximus Group to be $3bn biz in 3-4 years, Route Mobile $1 bn: CEO Guillaume Boutin

B elgium-based Proximus Group, which has acquired a majority stake in communication platform as a service, or C-PaaS, firm Route Mobile, intends to double the group's revenues to $3 billion in 3-4 years, on the back of synergies from the new acquisition, chief executive officer Guillaume Boutin told Mint in an exclusive interaction.

time-read
1 min  |
May 10, 2024
Google case verdict may set direction for tech businesses
Mint Mumbai

Google case verdict may set direction for tech businesses

NCLAT hearing may conclude by Aug, and matter may move to SC, top lawyers said

time-read
3 minutos  |
May 10, 2024
New businesses, partnerships hold key to Dr Reddy’s growth
Mint Mumbai

New businesses, partnerships hold key to Dr Reddy’s growth

T he Dr Reddy's Laboratories Ltd (DRL) stock fell more than 3% on Wednesday after the company posted worse-than-expected March quarter (Q4FY24) results, with higher research and development (R&D) expenditure hampering profitability.

time-read
1 min  |
May 09, 2024
Think Tesla Is In Trouble? Pity Even More Its Wannabe EV Rivals
Mint Mumbai

Think Tesla Is In Trouble? Pity Even More Its Wannabe EV Rivals

The combined market value of six prominent wannabes hit 400bn in 2021, but today they are worth 65bn

time-read
7 minutos  |
April 09, 2024
Has The Growth Of Our Economy Translated Into Domestic Jobs?
Mint Mumbai

Has The Growth Of Our Economy Translated Into Domestic Jobs?

While the covid shock and other setbacks got in the way, data indicates that employment in India is on a firm recovery path

time-read
4 minutos  |
April 09, 2024