India’s coal import rose by 13 per cent to 21.64 million tonnes (MT) in February as some buyers took fresh positions to replenish stocks ahead of summer, according to online marketplace mjunction. The country’s coal import was 19.15 MT in the corresponding month of FY23. “Coal imports in February 2024 were up by 13 per … Read more
As many as 443 infrastructure projects, each entailing an investment of ₹150 crore or above, were hit by a cost overrun of more than ₹4.92 lakh crore in February 2024, an official report stated. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth ₹150 crore and above, out of … Read more
Indian refiners exploited the US sanctions waiver on Venezuela to import more than 1,75,000 barrels per day (b/d) crude oil from the South American country making it the fifth largest supplier in February. Also read:US sanctions on Venezuela threaten to disrupt India’s crude oil imports Trade sources and refiners said that imports are continuing at … Read more
After reporting degrowth for a year, tractor exports from India reported a positive year-on-year (y-o-y) growth in February this year. But the domestic market registered the lowest monthly volumes in the last four years. Total tractor exports stood at 8,487 units last month compared with 7,306 units in February 2023 and 7,185 units in January this year, … Read more
Resilient Indian equity markets, which saw key benchmarks Nifty50 and Sensex hitting an all time high this past week, may have prompted Foreign Portfolio Investors (FPIs) to put brakes on their aggressive equity selling spree, bringing down their net equity outflows so far this month to ₹423 crore, depositories data showed. Also read: UAE’s exit … Read more