#GOOD_TO_KNOW INDIA TOP NEWS • Indian, European refiners get | TEJGyan

#GOOD_TO_KNOW

INDIA TOP NEWS

• Indian, European refiners get ready to buy Iranian oil

Indian refiners and at least one European refiner are re-evaluating their crude purchases to make room for Iranian oil in the second half of this year, anticipating that U.S. sanctions will be lifted, company officials and trading sources said. nL2N2N7034

• Indian data suggests runaway COVID infections as deaths hit daily record

Nearly two-thirds of people tested in India have shown exposure to COVID-19, a chain of private laboratories said on Wednesday, indicating a runaway spread of the virus as the daily death toll rose to a record 4,529. nL2N2N60EK

• India's top refiner cuts crude processing as pandemic knocks fuel demand

Indian Oil Corp has reduced crude processing to average at 84% of overall capacity from 96% in April as a devastating second wave of COVID-19 dented fuel demand, the chairman of the country's biggest refiner said on Wednesday. nL3N2N622X

• India's Adani Green to buy SoftBank-backed SB Energy in $3.5 billion deal

Indian renewable energy company Adani Green Energy said on Wednesday it would buy SoftBank Group Corp-backed SB Energy Holdings for an enterprise value of $3.5 billion. nL3N2N60SJ

• India's Royal Enfield recalls about 237,000 motorcycles on ignition coil defect

Eicher Motors-owned Royal Enfield said on Wednesday it will recall close to 236,966 motorcycles across some models due to defects in the ignition coil that can cause misfiring and, in rare cases, an electric short circuit.