Will Odisha house the Rs 150-bn SAIL-ArcelorMittal auto grade steel JV?
The Steel Authority of India Limited (SAIL) has written to the Odisha government, evincing interest to locate the auto grade steel facility in a joint venture …
Maharashtra mango exports to rise substantialy this season; UP suffers on bad weather
It has been a good export season for mango growers in Maharashtra, senior officials of the Maharashtra State Marketing Board (MSAMB) said, as shipments to the …
India may levy windfall oil tax on ONGC to control skyrocketing fuel prices in India
The Indian government may levy a windfall tax on oil producers like Oil and Natural Gas Corporation (ONGC) as part of a permanent solution it is working on …
India’s GAIL says to buy LNG in spot and short-term deals
Indian gas utility GAIL (India) is switching its focus to short-term and spot deals for the purchase of liquefied natural gas (LNG) to meet rising demand …
Competition Commission of India approves $66 billion Bayer-Monsanto merger, but with caveats
The Competition Commission of India (CCI) has approved the mega merger of Bayer AG with with Monsanto, but with a horde of riders. CCI’s approval of …
IGC cuts 2017/18 grains output estimate; reduces carryover stocks for 2018/19
The International Grains Council (IGC) cut its estimate of total grains (wheat and coarse grains) production in 2017/18 by 2m t m/m (month-on-month) to 2,091m, …
Falling coal investment to support Asian prices
The long-term outlook for the Asian thermal coal prices is improving, amid rising regional demand and falling mining investment, which partly reflects tighter …
Tata Steel’s Bhushan buy to raise net leverage, offset gains from Europe JV, says Fitch
Tata Steel Limited’s (TSL) acquisition of a controlling stake in Bhushan Steel Limited is likely to raise TSL’s leverage over the next two to three …
Wheat procurement by India government agencies exceeds target for 2018-19
Procurement of wheat by the government agencies in India stood at 33.26 million tonnes as on May 21, exceeding the targeted 32 million tonnes for the 2018-19 …
Sugar prices in India jump as government decides to create buffer stock to rein in surplus production
Sugar prices rose by Rs 50-80 per quintal on market speculation that the government may create a buffer stock of about three million tonnes of the sweetener …