Steel analysts expect a surge in hot-rolled coil (HRC) prices again, with prices expected to rise between Rs 2,000 and Rs 3,000 a tonne during April 2021. Strong domestic demand, rise in export price offers from Vietnam and local steel being Rs 5,000 a tonne cheaper against imported steel on landed cost are few of […]
The Union government has kept the price of domestic gas unchanged at $1.79 per million British thermal units (mmBtu) as higher production amid lower demand continues to keep global gas prices suppressed. The ceiling price for gas to be produced from difficult fields — which have higher pricing and marketing freedom — has, however, been […]
To garner additional revenues during the pandemic, 22 states and Union Territories have hiked duties on petrol and diesel, while 25 states and UTs have hiked duties on alcohol. The consequent rise in petrol and diesel prices is in the range of 60 paisa to Rs 8 per litre. For alcohol, the price increase is […]
Heavy monsoon rains over the Indian subcontinent have raised concerns whether the world’s largest exporter of rice will be on track for another record crop. Parts of India’s eastern states of Assam and Bihar have been inundated, with heavy rainfall in the catchment areas of Nepal’s Gandak river submerging nearby areas. Both the states are […]
Consumption of milk recovered partly in June, after almost 30 per cent decline during the months of April and May, due to the partial easing of the lockdown. The gradual opening up of hotels, restaurants, and catering services also provided a boost to the sector. With the gradual opening up of shops, hotels, restaurants and catering services […]
The ease of lockdown for farmers and agricultural sector has made not only farmers happy, investors were thrilled too by the government’s move. Stocks of agriculture-related firms — such as fertilisers, chemicals, seeds, and equipment makers — were on the up, after the government provided relaxation to farming and rural activities after April 20. The […]
Prompted by strong demand growth in the domestic market, steel producers are set to hike product prices by Rs 1,000 a tonne from March 1. This will be the third rise in prices since February 1, Business Standard reports. A growing demand for steel across sectors is prompting large producers of steel to go ahead with yet another price […]
