February 28, 2015 17:49 (IST)
Petrol and diesel prices were hiked for the second time in February. Saturday's hike, coinciding with the Union Budget, was a hefty Rs 3.18 per litre for petrol and Rs 3.09 per litre for diesel (inclusive of taxes in Delhi).
February 28, 2015 17:01 (IST)
Gems and jewellery players on Saturday said the gold monetization scheme announced in the Union Budget will increase the supply and help in reducing imports of the precious metal.
February 28, 2015 14:32 (IST)
Finance Minister Arun Jaitley however did not make any mention of cutting the 10 percent import duty in his speech on Saturday unveiling the budget for the next fiscal year starting April 1.
February 28, 2015 11:59 (IST)
The government will introduce gold monetization schemes to replace gold deposit schemes and gold metal loans.
February 28, 2015 08:28 (IST)
Spot gold was up 0.1 per cent at $1,210 an ounce by 1310 GMT, while U.S. gold futures were unchanged at $1,209.20 an ounce. Spot prices have gained 0.6 per cent on the week, but have fallen nearly 6 per cent in February.
February 28, 2015 08:20 (IST)
Both Brent and US futures briefly pared gains after Baker Hughes Inc data showed its US oil drilling rig count fell only 33 to 986 this week.
February 27, 2015 14:31 (IST)
The country's overall trade performance signals an opportune time for removal of restrictions on gold, says the Economic Survey.
February 27, 2015 14:10 (IST)
There should be a five-fold hike in coal cess to around Rs 500 per tonne from the existing level of Rs 100 per tonne in order to bring down carbon emissions drastically, according to the Economic Survey.
February 27, 2015 13:55 (IST)
Government has taken quick decisions to overcome uncertainty in the coal sector that originated from the Supreme Court's cancelling of the allocation of coal blocks, according to the Economic Survey.
Tokyo | February 27, 2015 09:27 (IST)
The dollar's strength followed upbeat US data, which tilted expectations back toward an early interest rate hike by the Federal Reserve.
February 27, 2015 07:40 (IST)
US consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Fed more room to hold off on raising interest rates.
February 26, 2015 23:16 (IST)
Railway Minister Suresh Prabhu on Thursday said a decline in prices of diesel, a major source of fuel for the Railways, is one of the reasons behind the government's decision not to hike passenger fares.
February 26, 2015 21:58 (IST)
Finance Minister Arun Jaitley on Thursday defended petrol and diesel pricing policy of state-run firms, saying they had suffered an inventory loss of Rs 30,000 crore this fiscal year on falling international oil prices.
February 26, 2015 16:40 (IST)
In restricted activity, gold prices eased by Rs 20 to Rs 27,050 per 10 grams at the bullion market on Thursday, owing to low demand from jewellers and retailers even as the metal strengthened overseas.
February 26, 2015 16:25 (IST)
Industry has sought reduction in customs duty to 2%, from 10% now.
February 25, 2015 20:16 (IST)
Steel demand in India will grow in single digit in 2015 buoyed by government's infrastructure spending, according to rating agency Moody's Investor Services.
February 25, 2015 18:19 (IST)
The Petroleum and Natural Gas Regulatory Board (PNGRB) has suggested a maximum marketing margin on natural gas sold to fertiliser and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas users.
February 25, 2015 18:18 (IST)
Aviation turbine fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy, Oil Minister Dharmendra Pradhan said on Wednesday.
February 25, 2015 15:16 (IST)
Snapping its four-day losing streak, gold rebounded by Rs 100 to Rs 27,070 per 10 grams at the bullion market on Wednesday mainly on the back of wedding season buying by jewellers and retailers amidst a firming global trend.
February 25, 2015 07:48 (IST)
Yellen said on Tuesday that while the Fed is preparing to consider rate hikes on a "meeting-by-meeting basis", an increase is not likely for at least the next couple of meetings.