Retail, wholesale traders incur loss of Rs 6.25 lakh crore in April 2021 due to Covid restrictions: CAIT

Around 8 crore traders in India have suffered a cumulative business loss to the tune of Rs 6.25 lakh crore during April due to multiple Covid restrictions including lockdowns, curfews, etc., enforced by state governments, according to the apex body for traders’ community, Confederation of All India Traders (CAIT). In a statement issued by CAIT, […]

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Fruits and vegetables likely to cause losses exceeding Rs 15,000 crore during the pandemic lockout

The stockpiling of harvested and un-harvested perishables may have already caused farmers a loss of around Rs 15,000 crore, agri experts have estimated. Market arrivals of fruits and vegetables have sharply fallen since the imposition of the lockdown. Extended by another month, losses could swell to Rs 40,000-Rs 50,000 crore, if not more, traders and […]

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PetroChina posts $2 billion Q1 loss

China’s leading oil and gas producer, PetroChina, posted a loss of $2 billion for the first quarter on plummeting international oil prices. Net losses reached 13.78 billion yuan (about $2.13 billion), according to a quarterly report it filed with the Shanghai and Hong Kong stock exchanges, Xinhua news agency said. From January to March, the […]

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Chinese steel mills mark massive losses in 2015

China’s large and medium-sized steel mills suffered losses of 53.1 billion yuan ($8.18 billion) in the first 11 months of 2015, Xinhua reported. Of the 101 steel mills tracked by the China Iron and Steel Association (CISA), the total sales revenue stood at 2.66 trillion yuan, down 19.3 percent from the previous year, according to […]

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