Latest news with #Chemicals
Yahoo
a day ago
- Business
- Yahoo
Chemicals maker Dow's quarterly loss bigger than expected
(Reuters) -Chemicals firm Dow Inc reported a bigger-than-expected loss on Thursday, hurt by lower prices of its products and weak demand for its products. The Michigan-based company reported an adjusted loss of 42 cents per share for the quarter ended June 30, compared with analysts' average estimate of a loss of 17 cents per share, according to data compiled by LSEG. Sign in to access your portfolio
Mint
4 days ago
- Business
- Mint
India-US trade deal: American officials to visit New Delhi in August for sixth round of talks
A team of US trade officials will visit India in August for the next round of talks for the proposed bilateral trade pact between the two nations, reported news agency PTI. "For the next round of talks, the US team will visit India in the second half of August," a PTIreport said, quoting an official. Last week, India and the US officials concluded the fifth round of trade talks in Washington. Rajesh Agrawal, India's chief negotiator and special secretary in the Department of Commerce, and Brendan Lynch, Assistant US Trade Representative for South and Central Asia, held the deliberations. In the fifth round of talks, issues related to agriculture and automobiles are learnt to have figured, reported PTI. Matters related to ways to deal with non-market economies, and SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) also came up for discussion. New Delhi and Washington are looking at finalising an interim trade deal before August 1 deadline, which marks the end of the suspension period of Trump tariffs. The Trump administration has imposed 26 per cent tariffs on India. On April 2 this year, President Donald Trump announced reciprocal tariffs on the US trading partners. According to the report, New Delhi is seeking the removal of this additional tariff of 26 per cent. It is also seeking the easing of tariffs on steel and aluminium (50 per cent) and the auto sector (25 per cent). Certain farmers' associations have urged the government not to include any issues related to agriculture in the trade pact. India is also seeking duty concessions for labour-intensive sectors, such as textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas, in the proposed trade pact. On the other hand, the US wants duty concessions on certain industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, agri goods, dairy items, apples, tree nuts, and genetically modified crops. In the April-June quarter of this fiscal year, India's merchandise exports to the US rose 22.8 per cent to $25.51 billion, while imports surged 11.68 per cent to $12.86 billion.
Economic Times
4 days ago
- Business
- Economic Times
US team to visit India in August for next round of talks for trade pact
Representative image. The US team will visit India in August for the next round of negotiations for the proposed bilateral trade agreement between the two countries, an official said on Monday. India and the US teams concluded the fifth round of talks for the agreement last week in Washington. "For the next round of talks, US team will visit India in the second half of August," the official said. India's chief negotiator and special secretary in the Department of Commerce Rajesh Agrawal and Assistant US Trade Representative for South and Central Asia Brendan Lynch held the deliberations. These deliberations are important as both sides are looking at finalising an interim trade deal before August 1, which marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India (26 per cent). On April 2 this year, US President Donald Trump announced high reciprocal tariffs. The implementation of high tariffs was immediately suspended for 90 days till July 9 and later until August 1, as America is negotiating trade deals with various countries. Issues related to agriculture and automobiles are learnt to have figured during the fifth round of negotiations. Matters related to ways to deal with non-market economies, and SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) also came up for discussion. On the possibility for an interim trade agreement before August 1, the official said that the talks are going on. India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector. Certain farmers' associations have urged the government not to include any issues related to agriculture in the trade pact. India is seeking the removal of this additional tariff (26 per cent). It is also seeking the easing of tariffs on steel and aluminium (50 per cent) and the auto sector (25 per cent). These issues are an important part of the trade pact negotiations. Against these, India has reserved its right under the WTO (World Trade Organization) norms to impose retaliatory duties. The country is also seeking duty concessions for labour-intensive sectors, such as textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas, in the proposed trade pact. On the other hand, the US wants duty concessions on certain industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, agri goods, dairy items, apples, tree nuts, and genetically modified crops. The two countries are looking to conclude talks for the first tranche of the proposed bilateral trade agreement (BTA) by fall (September-October) this year. Before that, they are looking for an interim trade pact. India's merchandise exports to the US rose 22.8 per cent to USD 25.51 billion in the April-June quarter this fiscal year, while imports rose 11.68 per cent to USD 12.86 billion.
News18
4 days ago
- Business
- News18
US team to visit India in Aug for next round of talks for trade pact
Agency: New Delhi, Jul 21 (PTI) The US team will visit India in August for the next round of negotiations for the proposed bilateral trade agreement between the two countries, an official said on Monday. India and the US teams concluded the fifth round of talks for the agreement last week in Washington. 'For the next round of talks, US team will visit India in the second half of August," the official said. India's chief negotiator and special secretary in the Department of Commerce Rajesh Agrawal and Assistant US Trade Representative for South and Central Asia Brendan Lynch held the deliberations. These deliberations are important as both sides are looking at finalising an interim trade deal before August 1, which marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India (26 per cent). On April 2 this year, US President Donald Trump announced high reciprocal tariffs. The implementation of high tariffs was immediately suspended for 90 days till July 9 and later until August 1, as America is negotiating trade deals with various countries. Issues related to agriculture and automobiles are learnt to have figured during the fifth round of negotiations. Matters related to ways to deal with non-market economies, and SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) also came up for discussion. On the possibility for an interim trade agreement before August 1, the official said that the talks are going on. India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector. Certain farmers' associations have urged the government not to include any issues related to agriculture in the trade pact. India is seeking the removal of this additional tariff (26 per cent). It is also seeking the easing of tariffs on steel and aluminium (50 per cent) and the auto sector (25 per cent). These issues are an important part of the trade pact negotiations. Against these, India has reserved its right under the WTO (World Trade Organization) norms to impose retaliatory duties. The country is also seeking duty concessions for labour-intensive sectors, such as textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas, in the proposed trade pact. On the other hand, the US wants duty concessions on certain industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, agri goods, dairy items, apples, tree nuts, and genetically modified crops. The two countries are looking to conclude talks for the first tranche of the proposed bilateral trade agreement (BTA) by fall (September-October) this year. Before that, they are looking for an interim trade pact. India's merchandise exports to the US rose 22.8 per cent to USD 25.51 billion in the April-June quarter this fiscal year, while imports rose 11.68 per cent to USD 12.86 billion. PTI RR MR MR view comments First Published: July 21, 2025, 16:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
03-07-2025
- Business
- Time of India
Godrej Industries will invest Rs 750 crore on capacity expansion of chemicals business
Godrej Industries on Thursday said it will invest more than Rs 750 crore over the next few years to expand capacities of its chemicals business and achieve higher annual revenue. In a regulatory filing, Godrej Industries informed that its chemical business will undertake significant capacity expansions as part of its growth plan to become a USD 1 billion global business before 2030. "With a total capital outlay for expansions to exceed Rs 750 crore over the next few years, the company has already kicked off several projects," it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's The Average Price of a 6-Hour Gutter Guards Upgrade Read More Undo Godrej Industries (Chemicals) will double its fatty alcohol and uric acid capacities with an addition of 35,000 tonnes per annum and 20,000 tonnes per annum respectively. It has tripled its specialities capacity with an addition of 21,000 tonnes per annum, while the glycerine capacity will be doubled with an addition of 24,000 tonnes per annum. Live Events The fermentation capacity will also see a threefold increase with an addition of 1,500 tonnes per annum. It plans to increase the Primary Surfactants capacity with an addition of 30,000 tonnes per annum. The Chemical Business will enhance its hybrid power capabilities thereby increasing renewable energy usage to 75 per cent. Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals) said, "Consistently achieving double-digit volumes and revenue growth year after year, it's a very exciting time for us here at Godrej Chemicals." "Our capacity additions align with our long-term aspirations to become a USD 1 billion global business before 2030," he added. Godrej Industries (Chemicals) is one of the oldest businesses of the Godrej Industries Group, established in 1963. It is one of India's leading providers of oleochemicals, surfactants, specialty chemicals, and biotech products. The company has four manufacturing locations (one in Maharashtra, two in Gujarat and one in Goa).
