China buys more soymeal cargoes from South America and India
China has bought more soymeal cargoes from South America as well as India to cash in on high domestic prices, despite remaining uncertainties over a change in value added tax (VAT), traders said on Wednesday.

Local steel prices to firm up by 5% in 2000-01
A revival in Indian demand and a firming international market is expected to push up domestic steel prices by at least five per cent in 2000-01 (April-March), government officials said on Wednesday.

Oil companies withdraw discounts, credit for diesel and free products
The big three - IOC, BPCL and HPCL - have decided to withdraw credit and discounts for High Speed Diesel (HSD) as well as deregulated products such as naphtha, bitumen and furnace oil. This will be implemented with immediate effect.


  Duty-free furnace oil import allowed for EOUs
  Kabligram rises on upcountry demand; bullion easy