Lifting of restriction on movement of non-essential commodities in India draws mixed response

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India’s battle against the deadly Coronavirus may be far from reaching a conclusive stage, but the government surprised all by lifting restrictions on road transportation of non-essential commodities across the country, RITWIK SINHA reports. What that means is all trucks, which had been stalled at state borders due to lack of regulatory clarity, will now […]

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Coronavirus outbreak and lockdown impact weighs on Indian steel industry

The outbreak of COVID-19 and a lockdown to prevent the spread are threatening to impact production of steel companies. Tata Steel is closing down its downstream standalone units in Maharashtra and Uttar Pradesh in line with guidance from respective states. The main sites at Jamshedpur, Kaliganagar and Angul, however, are operational, as they are process […]

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Fifty Six APMCs shut in Maharashtra; Pune market to remain shut till March 31

Agriculture Produce Market Committees (APMCs) in Maharashtra have begun shutting down services in the wake of Section 144 imposed by the state government to curb the spread of coronavirus. Around 56 market committees in the state remained shut in Maharashtra on Monday, according to a daily survey conducted by the Maharashtra State Agriculture Marketing Board (MSAMB). […]

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BPCL buys 2 million barrels extra oil as Saudi cuts price, plans to hike output

Indian refiner Bharat Petroleum Corp has bought 2 million barrels of extra Saudi oil for loading in April after the Saudi Kingdom slashed the selling price and announced plans to raise output to record 12.3 million barrels per day (bpd), as per a Reuters news report.  “We will be taking two additional cargoes of Arab mix…we have […]

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Maharashtra sugar mills confident of meeting 80% of the export targets

With international prices showing an upward trend for the past couple of months, Maharashtra’s sugar millers are confident of meeting at least 80% of the exports target set by the government, reports Financial Express. This is likely to reduce the state’s inventory and reduce sugar stockpiles. Prices are expected to go up by April. March […]

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