Zaveri Bazaar may lose primacy to proposed hi-tech jewellery park in Navi Mumbai

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Recent reports about Mumbai’s gold hub at Zaveri Bazaar shifting to New Mumbai is nothing new. Plans to shift the congested gold market in south Mumbai have been afoot for three years when Maharashtra state government signed an agreement with Gems and Jewellery Export Promotion Council (GJEPC) at the Magnetic Maharashtra 2018 conclave during the […]

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Record high incidences of COVID cases could stall India’s oil imports

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India has been reporting record high numbers of new daily COVID-19 cases. Mumbai, the largest city has been put on lockdown, potentially threatening fuel demand and crude oil imports in the world’s third-largest oil importer. The new strict measures in India’s financial center and most populous city are now set to further impact oil consumption and […]

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JNPT handled 4.7 million TEUs container traffic; Paradip port, a record 114.55 million tonnes of cargo in FY21

Container traffic at Jawaharlal Nehru Port Trust (JNPT) fell around 6 per cent to 4.7 million TEUs in the just concluded financial year, despite March seeing the highest growth since the port’s inception, impacted by the pandemic-induced lockdown. The container traffic at the country’s premier container port JNPT stood at 5.03 million TEUs (twenty-foot equivalent […]

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SEBI approves RIL’s proposal to hive off oil to chemicals (O2C) business into an independent subsidiary

Mukesh Ambani-owned Reliance Industries Limited (RIL), which had proposed hiving off its oil to chemicals (O2C) business into an independent subsidiary said it had received an approval from the Securities and Exchange Board of India (SEBI) and stock exchanges to create this subsidiary. The company now requires the approval of equity shareholders and creditors, regulatory authorities, and the […]

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BPCL to double bunkering oil sales volume to 14,000 tonnes by upgrading its terminals at ports

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The country’s second largest oil marketing firm Bharat Petroleum has upgraded its bunkering facility with five jetties that can now pump the oil into ships from the pipelines at the Marine Oil Terminal on the Butcher Island, off the east coast of the port city of Mumbai.  BPCL is the largest supplier of bunkering oil with around 60 […]

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