October 25, 2014 18:55 (IST)
Looking to deepen its economic ties with Vietnam, India is likely to strike a deal for exploration and production of oil and gas during the visit of the South East Asian nation's Prime Minister, Nguyen Tan Dung, on October 27.
October 25, 2014 11:33 (IST)
Gold edged lower on Friday and closed down for the week as rallying equity markets and strong US economic data dented demand for the precious metal as an insurance against risk.
October 25, 2014 11:31 (IST)
Wholesale commodity markets were closed in the national capital on Saturday.
October 24, 2014 23:15 (IST)
Cautioning against any attempt to de-nationalise coal mines, the five operating trade unions of Coal India Ltd (CIL) have said they will meet shortly to decide the future course of action.
October 24, 2014 17:52 (IST)
Gold inched up on Friday as European shares fell but was set to close down for the week due to a firm dollar and robust economic data that dented demand for the metal as an insurance against risk.
October 24, 2014 17:18 (IST)
Amid a sharp decline in the turnover of commodity exchanges, the Forward Markets Regulator (FMC) has come out with a revised policy to allow traders to take higher positions in commodities traded on the exchanges in order to improve depth and liquidity in the market.
October 24, 2014 16:45 (IST)
The government has no plans to curtail supply of subsidised cooking gas (LPG) from the current 12 cylinders per household in a year even as it looks to give cash subsidy to consumers across the country by June.
London | October 24, 2014 15:45 (IST)
Economists anticipate subdued growth in China and the euro zone next year, though signals from India are more positive, according to a Reuters poll released on Friday. The gloomy outlook in two major oil consuming markets added to fears of slowing oil demand at a time of global oversupply.
October 24, 2014 14:29 (IST)
Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.
October 24, 2014 10:39 (IST)
Bullion's dip comes despite a tumble in US stock futures and gains in other safe-havens such as bonds and the yen after a doctor in New York City tested positive for Ebola.
October 24, 2014 09:51 (IST)
The first confirmed case in America's largest city has renewed fears about the spread of the virus, prompting a tumble in US stock futures, while Asian shares also lost ground.
Singapore | October 24, 2014 07:47 (IST)
Spot gold eased 0.1 per cent to $1,230.48 an ounce by 0020 GMT, after slipping over 1 per cent in the previous two sessions.
October 23, 2014 12:14 (IST)
Gold steadied above $1,240 an ounce on Thursday after dipping overnight on a stronger dollar, but caution prevailed ahead of a host of global economic data and on further outflows from bullion funds.
October 22, 2014 20:39 (IST)
The government will by early next year decide on the premium that will be paid for new gas discoveries in deep sea over and above the recently approved rate of $5.61, Oil Secretary Saurabh Chandra said on Wednesday.
October 22, 2014 18:45 (IST)
All firms which had their coal blocks cancelled by the Supreme Court, barring those convicted for offences related to mines allotment, can bid in the e-auction after paying additional levy, says the Ordinance on coal mines.
October 22, 2014 17:34 (IST)
Commodity exchanges will remain open for 'Muhurat' trading on Thursday from 6 p.m. to 8.30 p.m. for all commodities on account of Diwali festival.
October 22, 2014 09:43 (IST)
Expectations that oil demand may pick up in the near term have helped the crude benchmark regain ground after weeks of steep losses that have cut the price by a quarter since June.
October 22, 2014 08:13 (IST)
Spot gold was little changed at $1,247.45 an ounce by 0036 GMT, not far below Tuesday's peak of $1,255.20, which was its loftiest since September 10. US gold futures eased 0.3 per cent to $1,248.10 an ounce.
October 21, 2014 23:27 (IST)
Jewellery and coin sales sparkled on Dhanteras on Tuesday with sales rising by an estimated 30 per cent from last year as customers went on a buying spree lured by lower gold and silver prices.
October 21, 2014 20:33 (IST)
India's oil consumption rose nearly 3 per cent in September while diesel sales fell for the second time this fiscal year.