NCDEX to launch 2 rainfall-based indices today

Wednesday, Jun 10 MUMBAI – The National Commodity & Derivatives Exchange, in partnership with Skymet Weather Services, will today launch two rainfall-based indices, the exchange said in a release. The Indian Monsoon Index is a cumulative monsoon index and the Indian Rain Index is a monthly cumulative rainfall index. Both will track rainfall movement in the country systematically. The two will be […]

IOC may get 1.3 bln rupees as Jan-Mar kerosene subsidy, HPCL 270 mln

Wednesday, Jun 10 –Source: Oil PSUs to not absorb any subsidy loss on kerosene Jan-Mar–Oil PSUs’ Jan-Mar kerosene subsidy loss at 1.8 bln rupees By Sukalp Sharma NEW DELHI – Indian Oil Corp Ltd and Hindustan Petroleum Corp Ltd are likely to receive around 1.3 bln rupees and 270 mln rupees, respectively, from the government as compensation for losses […]

JSW Steel rolls over prices of Neosteel 500-D bars in June

Wednesday, Jun 10 By Nikita Periwal MUMBAI – JSW Steel Ltd has rolled over the prices of its Neosteel 500-D bars this month, trade sources told Cogencis. The prices are at their highest level in more than a year.  After the sharp slump in demand for steel in April because of the nationwide lockdown imposed to contain the coronavirus pandemic, conditions have […]

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