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A gazette notification by the Oil Ministry directed oil companies to sell ethanol-blended petrol with a 20 per cent ethanol as per the Bureau of Indian Standards specifications with effect from April 2023.
Sugar production up 13 pc to 305.68 lakh tonnes during Oct 20 - May 21
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Last Updated: Jun 01, 2021, 05:39 PM IST
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Synopsis Sugar mills across the country have produced 305.68 lakh tonnes of sugar between October 1, 2020 and May 31, 2021, the Indian Sugar Mills Association (ISMA) said in a statement. Sugar production stood at 270.05 lakh tonnes in the year-ago period.
India s sugar production rose by 13 per cent to 305.68 lakh tonnes in the first eight months of the current marketing year ending September, mainly due to higher output in Maharashtra, according to trade data. Sugar marketing year runs from October to September. Sugar mills across the country have produced 305.68 lakh tonnes of sugar between October 1, 2020 and May 31, 2021, the Indian Sugar Mills Association (ISMA) said in a statement.
As the market has maintained a rising trend, investor confidence grew, said a stock broker.
Now many are investing into banking stocks, fuelling the index, he said, adding that paid-up capital of banking stocks was higher, for which the sector had a big impact on the index.
If investors invest into stocks which do not have good performance records, they will incur losses and so should be careful, the broker added.
The DSE s turnover, an important indicator of the market, surged 13.49 per cent to Tk 2,365 crore.
At the bourse, 163 companies stocks rose, 143 fell and 58 remained the same.
Northern Insurance topped the gainers list rising 9.98 per cent followed by Pragati Life Insurance, Green Delta Life Insurance Company, Pioneer Insurance and Progressive Life Insurance Company.