March 27, 2015 18:32 (IST)
Oil prices fell more than $1 per barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.
March 27, 2015 17:51 (IST)
Concerned over volatility in international oil prices, Finance Minister Arun Jaitley on Friday expressed hope that the situation in the Middle East will improve and the prices will stabilise.
March 27, 2015 17:51 (IST)
Gold prices surged by Rs 150 to close at over three-week high of Rs 27,100 per 10 grams at the bullion market on Friday on a firming global trend and sustained buying by jewellers to meet seasonal demand.
March 27, 2015 15:17 (IST)
The softness in demand comes ahead of April's Akshaya Tritaya festival, when it is considered auspicious to buy gold.
March 26, 2015 21:28 (IST)
GAIL is looking to buy seven liquefied natural gas (LNG) cargoes for delivery from October 2015 until December 2016, according to the tender document obtained by Reuters.
March 26, 2015 19:30 (IST)
Government's decision to cancel the bid of Jindal Power Ltd (JPL) for two Chhattisgarh coal mines by annulling the tender process and allotting them to Coal India Ltd (CIL) is "prima facie wrong", Delhi High Court said on Thursday .
March 26, 2015 15:57 (IST)
Gold prices spurted by Rs 400 to trade at Rs 26,950 per 10 grams at the bullion market on Thursday after the precious metal climbed above $1,200 an ounce in Singapore amid increased buying by jewellers to meet seasonal demand.
March 26, 2015 11:50 (IST)
Brent crude oil shot up nearly 6 per cent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, but the benchmark later came off its high near $60 as importers saw no immediate threat to supplies.
March 25, 2015 23:23 (IST)
State-owned power generation company NTPC on Wednesday said it has been re-allotted five coal blocks that were cancelled last year by the Supreme Court.
March 25, 2015 19:44 (IST)
Bullion market remained closed in the national capital on Wednesday as traders refrained from doing business to protest the budgetary proposal that would make it mandatory to quote PAN for purchases of above Rs 1 lakh.
March 25, 2015 07:37 (IST)
The dollar - which had fallen initially - was up 0.2 per cent against a basket of currencies, after US data showed an uptick in underlying inflation pressures and gains in home prices.
March 24, 2015 22:12 (IST)
The government is ready to launch the next round of coal block auctions from April even as it is facing litigation by Jindal Steel & Power Ltd (JSPL), which saw its bids being cancelled in the last round of auctions.
March 24, 2015 21:33 (IST)
State-run Indian Oil Corp has floated a tender seeking 2 million barrels of Iraq's Basra light oil for May loading, a tender document showed.
March 24, 2015 20:57 (IST)
The court also issued notice to Coal Ministry and sought its response by April 8 on the pleas of JSPL, NIPL and Prism.
March 24, 2015 20:47 (IST)
Coal imports are expected to jump 19 per cent to a record of about 200 million tonnes this fiscal year, Coal Secretary Anil Swarup told Reuters, as power companies add capacity to meet rising demand even as millions go without electricity.
March 24, 2015 19:48 (IST)
The government on Tuesday allotted 38 mines to central and state public sector units including power major National Thermal Power Corporation (NTPC), DVC and Steel Authority of India Ltd (SAIL).
March 24, 2015 17:48 (IST)
Gold prices rose by 0.48 per cent to Rs 26,470 per 10 grams in futures trade on Tuesday as speculators created fresh positions amid positive cues from overseas markets.
March 24, 2015 14:43 (IST)
Brent crude reversed early losses to trade back towards $57 per barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.
March 24, 2015 14:29 (IST)
Gold prices rose by Rs 100 to Rs 26,550 per 10 grams at the bullion market on Tuesday on increased buying by jewellers and retailers amid a firm global trend.
March 22, 2015 15:53 (IST)
Securities and Exchange Board of India (Sebi) on Sunday said the action plan for proposed merger of Forward Markets Commission (FMC) with itself is under works and expressed hope that the process would be "smooth".