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  • Oil Falls More Than 3% after Greek 'No'

    Oil Falls More Than 3% after Greek 'No'

    Oil prices fell more than 3 per cent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply.

  • Gold Inches Up on Jewellers Buying, Global Cues

    Gold Inches Up on Jewellers Buying, Global Cues

    Gold prices advanced by Rs 20 to Rs 26,570 per 10 grams at the bullion market on Monday on increased buying by jewellers amid a firm global trend.

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  • Indian Oil Gives LNG Storage Tank Contract to Japan's MHI

    Indian Oil Gives LNG Storage Tank Contract to Japan's MHI

    Indian Oil Corp, the country's largest fuel retailer, has awarded a contract to build two football stadium-sized LNG (liquefied natural gas) storage tanks at its upcoming Ennore LNG import terminal in Tamil Nadu to Japanese firm Mitsubishi Heavy Industries Ltd (MHI).

  • Oil Prices Tumble after Greece Vote, China Stock Market Turmoil

    Oil Prices Tumble after Greece Vote, China Stock Market Turmoil

    Oil prices fell sharply on Monday after Greece rejected bailout terms and as China rolled out emergency measures to prevent a full-blown stock market crash, adding to worries about poor demand growth amid global oversupply.

  • Gold Recovers by Rs 50 on Buying by Jewellers

    Gold Recovers by Rs 50 on Buying by Jewellers

    Gold prices recovered by Rs 50 to Rs 26,550 per 10 grams at the bullion market on Saturday, snapping their three-day falling streak, on emergence of buying by jewellers and retailers at prevailing levels.

  • ONGC to Cut Gas Production by 40%: Report

    ONGC to Cut Gas Production by 40%: Report

    State-owned Oil & Natural Gas Corporation (ONGC) will reduce gas production from its biggest fields in the Arabian sea by about 40 per cent as it carries out repair work on a pipeline that carries gas to shore.

  • Oil Prices Drop on Rising US Rig Count

    Oil Prices Drop on Rising US Rig Count

    Oil prices slipped on Friday as a rising US rig count stoked fears of global oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.

  • JSPL Crude Steel Production Up 38% in Q1

    JSPL Crude Steel Production Up 38% in Q1

    Jindal Steel and Power Ltd (JSPL) on Friday said it steel production grew by a healthy 38 per cent to 1.10 million tonnes in April-June quarter of this fiscal year, helped by capacity upgrade and better utilisation.

  • Food Ministry Proposes 10% Import Duty on Wheat

    Food Ministry Proposes 10% Import Duty on Wheat

    Food Minister Ram Vilas Paswan on Friday said his ministry has proposed a 10 per cent import duty on wheat to curb cheaper shipments as the country already has a surplus stock.

  • Government in Talks to Scrap Import Curbs on Gold-Silver Alloy: Report

    Government in Talks to Scrap Import Curbs on Gold-Silver Alloy: Report

    The Reserve Bank of India and the finance ministry are in talks to scrap bulk import licences for a gold-silver alloy used by domestic refiners, months after relaxing curbs on gold imports, officials with direct knowledge of the discussions told Reuters.

  • Gold Ends Steady on Scattered Buying by Jewellers

    Gold Ends Steady on Scattered Buying by Jewellers

    After three-day losing run, gold prices held steady at Rs 26,500 per 10 grams at the bullion market on Friday on scattered buying activity by jewellers.

  • Gold Prices in India at Deep Discounts on Sluggish Demand

    Gold Prices in India at Deep Discounts on Sluggish Demand

    Gold prices in major consumer India were quoted at deep discounts to the global benchmark this week on tepid demand and adequate levels of inventory, dealers said.

  • Oil Prices Down Over 1% as Greece Defaults, Output Soars

    Oil Prices Down Over 1% as Greece Defaults, Output Soars

    However, demand was also up with refinery crude runs rising by 77,000 barrels per day, API data showed.

  • Gold Extends Losses on Global Cues, Sluggish Demand

    Gold Extends Losses on Global Cues, Sluggish Demand

    Gold prices continued to slide for the second straight day and fell by Rs 140 to Rs 26,710 per 10 grams at the bullion market on Wednesday largely in tandem with a weak global trend and slackened demand from jewellers.

  • Ban Extended on Holding Onion Stock Beyond Limit: Report

    Ban Extended on Holding Onion Stock Beyond Limit: Report

    To curb the rise in onion prices, the government on Wednesday extended by one year the ban on holding of its stock beyond the prescribed limit.

  • Oil Prices Drop as Greece Defaults And Output Soars

    Oil Prices Drop as Greece Defaults And Output Soars

    Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history.

  • Petrol Prices Cut by 31 Paise a Litre, Diesel by 71 Paise

    Petrol Prices Cut by 31 Paise a Litre, Diesel by 71 Paise

    Oil companies review the prices of petrol and diesel every fortnight.

  • OPEC Oil Output Hits 3-Year High in June on Iraq: Survey

    OPEC Oil Output Hits 3-Year High in June on Iraq: Survey

    Organization of the Petroleum Exporting Countries oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share.

  • Oil Prices Seen Steady Despite Greek Crisis, Iran: Poll

    Oil Prices Seen Steady Despite Greek Crisis, Iran: Poll

    Oil prices are likely to be stable for the rest of this year and climb in 2016 and 2017 as global demand picks up, shrugging off setbacks from the Greek debt crisis and the possible lifting of sanctions on Iran, a Reuters poll forecast on Tuesday.

  • Cabinet May Extend Ban on Onion Hoarding by 1 Year: Report

    Cabinet May Extend Ban on Onion Hoarding by 1 Year: Report

    The Cabinet Committee on Economic Affairs may consider on Wednesday a proposal to extend by one year the ban on hoarding of onions beyond a prescribed limit.

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