Fuel sale in the country is coming back to normal which also shows the reflection of normalcy in economy, according to Indian Oil Corporation. In Maharashtra, the sale is yet to reach the pre-COVID situation and the deficit in diesel sale is still around 12 per cent, Executive Director and Maharashtra State head of Indian […]
The second round of auction of coal mines in India is likely to take place in January next year. The number of blocks to be given for auction has not yet been decided because the ministry is conducting stage -1 trial with the blocks. The government would rationalise the slew of taxes on coal to […]
India will see a massive $ 66 billion investment in the building of gas infrastructure as the government pushes for greater use of the cleaner fuel with a view to cutting down carbon emissions, Oil Minister Dharmendra Pradhan said at the KPMG India’s annual energy conclave ENRich 2020. The government is targeting raising the share […]
China’s commerce ministry said that it will impose temporary anti-dumping measures on Australian wine imports from. The duties will range from 107.1 to 212.1 per cent. China is the biggest destination for Australia‘s wine exports, accounting for 39 per cent of total shipments in the first nine months of 2020, according to Wine Australia, an […]
India’s agrochemicals sector’s revenues are expected to grow by 12%-14% this fiscal year following a sharp uptake from the domestic agriculture sector combined with higher exports, according to CRISIL Ratings. Domestic revenues, which accounts for almost half of the sector’s revenues, will grow at 10-12% this fiscal compared with 6-8% last fiscal year. On the other hand exports, […]
Gold’s searing rally this year is driving increased demand for loans based on collaterals of the precious metals, a trend which will likely remain intact in the near future, according to the World Gold Council. Indian gold prices have risen by 28.8% this year. While borrowers have benefitted from higher loan value for the same collateral, […]
The government has allowed submission of preliminary bids for acquisition of BPCL electronically through e-mail in view of the restrictions placed due to the COVID-19 pandemic. “The IPs (interested parties), if they so desire, may submit the complete EoI (expression of interest) in electronic form via e-mail with all the requisite documents in pdf format […]
Overall sales in the fertilizer market is set to increase by at least 10% in the upcoming winter season due to great soil condition for crop development and steady prices of the raw materials, said ratings agency, ICRA. “In comparison to previous years, fertilizer sales for the current Rabi season will be higher. The climate and the constant rain have created […]
The National Dairy Development Board (NDDB) is expanding its footprint in Eastern and North-Eastern States in the country by taking dairy development activities in some of the most backward areas of these regions together with local partners, it said in a statement. Recently, the Jharkhand government signed a memorandum of understanding (MoU) between NDDB and […]
Indian Energy Exchange (IEX) said it has recorded a 13.2 per cent rise in electricity sales to 16,486 million units (MU) in the September quarter, as power demand accelerated and returned to pre-COVID levels. The second quarter witnessed a sharp recovery in industrial activities and electricity consumption, owing to easing of the lockdown restrictions across […]
