August 21, 2014 23:47 (IST)
Falling prices of crude oil, thermal coal and liquefied natural gas (LNG) are a huge positive for India as energy imports account for 36 per cent of its total imports last fiscal year, Crisil Research has said.
August 21, 2014 20:51 (IST)
The government has approved several relief measures such as exclusion of projects receiving gas under the Administered Pricing Mechanism from pooling and a financial package to benefit plants worth Rs 1.2 lakh crore stranded due to shortage of fuel.
August 21, 2014 16:58 (IST)
The world's top two crude oil benchmarks have fallen by more than $10 a barrel since June on a build-up of supply in the Atlantic Basin and diminishing worries over the risk that conflicts in the Middle East would hit oil production.
August 21, 2014 16:09 (IST)
Continuing its slide for the sixth straight day, gold prices plunged by Rs 220 to trade at a three-week low of Rs 28,280 per 10 grams in the national capital on Thursday due to increased selling by stockists amid a weakening global trend.
August 21, 2014 15:41 (IST)
Finance Secretary Arvind Mayaram on Thursday said there was no need to review a rule imposed last year mandating exports of a fifth of all gold imports into the country.
August 21, 2014 15:29 (IST)
India regulates prices of diesel, liquefied petroleum gas, and kerosene to keep them in check The government regulates prices of diesel, liquefied petroleum gas, and kerosene to keep them in check for the masses.
Singapore | August 21, 2014 07:43 (IST)
Spot gold fell 0.2 per cent to $1,289.66 an ounce by 0020 GMT, after hitting a two-week low of $1,287.83 in the previous session. US gold was down about $4 to $1,290.80.
London | August 20, 2014 22:45 (IST)
Gold, which saw a dramatic reversal last year after a 12-year bull run took prices to record highs in 2011, has seen the spread between its daily price highs and lows narrow to just $15 an ounce this year on average, from nearly $25 in 2013.
New Delhi | August 20, 2014 15:33 (IST)
Silver also lacked necessary follow-up support from industrial units and coin makers and lost Rs 300 to end at Rs 43,000 per kg.
August 20, 2014 09:28 (IST)
Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.
August 19, 2014 19:50 (IST)
Moody's Investors Service on Tuesday said it expects Indian refiners' credit metrics to improve over the next 12 months on a decline in borrowings.
August 19, 2014 19:49 (IST)
Brent crude prices remained close to 14-month lows and below $102 a barrel on Tuesday as weak demand and improving supplies weighed on the market, but a sustained fall under $100 was seen as unlikely due to geopolitical risk in Iraq and Ukraine.
New Delhi | August 19, 2014 15:41 (IST)
However, silver found fresh buying support from industrial units and recovered by Rs 420 to Rs 43,300 per kg.
Singapore | August 19, 2014 10:19 (IST)
US and European stock prices surged on Monday, taking a leading US equities index to a 14-year high, as investors breathed easier over the Ukraine crisis and knocked oil prices to lows not seen in more than a year.
August 18, 2014 23:59 (IST)
Rebuking ONGC for making "frivolous allegations" against the government, the Petroleum Ministry has told the Delhi High Court that the state-owned firm -woke up from slumber- to allege that its gas may be flowing out of wells of Reliance Industries' KG-D6 fields.
August 18, 2014 21:01 (IST)
S Sundareshan, a retired IAS officer, has quit as Mission Director of the Direct Benefit Transfer (DBT) scheme, according to official sources.
August 18, 2014 20:23 (IST)
Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.
August 18, 2014 19:55 (IST)
Indian Oil Corporation has proposed to invest about Rs 1,200 crore during the current financial year for expanding its liquefied petroleum gas (LPG) pipeline projects.
August 18, 2014 19:41 (IST)
Indian Oil Corp (IOC), the country's largest oil firm, plans to increase processing of cheaper crude oil varieties to 30 per cent by 2017-18 as part of its efforts to improve margins.
August 18, 2014 16:15 (IST)
Cairn India's Rajasthan block holds significant natural gas reserves, over half of which can be produced.