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  • Government in Process of Formulating Strategies to Double Coal India Output

    Government in Process of Formulating Strategies to Double Coal India Output

    The government is in the process of formulating strategies to nearly double the output of Coal India Ltd (CIL) to 1 billion tonnes over the next five years.

  • Government Moves Towards Ban on Loose Cigarettes to Deter Smoking

    Government Moves Towards Ban on Loose Cigarettes to Deter Smoking

    The government moved a step closer to banning the sale of unpackaged cigarettes, with a view to discourage smoking in a country where close to a million people each year die of tobacco-related diseases.

  • Price Performance of Commodities StocksOther Stories
  • Gold Weakens on Low Demand, Global Cues

    Gold Weakens on Low Demand, Global Cues

    Silver, however, maintained its upward march for the fourth straight day and gained another Rs 375 to trade at Rs 37,025 per kg on increased offtake by industrial units and coin makers.

  • Gold Holds Below $1,200; Dollar, Swiss Vote Eyed

    Gold Holds Below $1,200; Dollar, Swiss Vote Eyed

    The November 30 vote is aimed at preventing the Swiss National Bank from offloading its gold holdings and obliging it to hold at least 20 per cent of its assets in gold, compared with 8 per cent last month.

  • Brent Crude Drops to $79.2 as Expectation of Big OPEC Cut Wanes

    Brent Crude Drops to $79.2 as Expectation of Big OPEC Cut Wanes

    Brent crude oil prices fell towards $79.20 on Tuesday as traders lowered their expectation of a significant output cut by the Organization of Petroleum Exporting Countries (OPEC), but the market received some support from an uptick in German GDP and hopes of strengthening US data later in the day.

  • Indian Oil's Credit Profile to Improve, Says Moody's

    Indian Oil's Credit Profile to Improve, Says Moody's

    Borrowings will also fall when the government rolls out the Modified Direct Benefit Transfer Scheme from January 2015 in the entire country. Under this, the cost of subsidies for LPG cylinders will be directly transferred to the consumer and oil marketing companies, including IOC, will be able to sell their products at market prices.

  • Oil Steadies Around $80 as Iran Deadline Extended

    Oil Steadies Around $80 as Iran Deadline Extended

    British Foreign Secretary Philip Hammond said the talks between Iran and six world powers had made clear progress and would resume next month. Negotiators had until June to come up with a comprehensive deal.

  • Gold Gains Rs 130 on Wedding Season Demand

    Gold Gains Rs 130 on Wedding Season Demand

    Traders said increased buying by jewellers and retailers, driven by ongoing wedding season demand, mainly kept gold and silver prices higher but a weak trend overseas, limited the gains.

  • Oil Steadies Around $80 as Iran Deadline Looms

    Oil Steadies Around $80 as Iran Deadline Looms

    The Organization of the Petroleum Exporting Countries is considering how to respond to a collapse in oil prices and may decide to cut its output target when it meets on November 27.

  • Oil Price Seen Falling to $60 if OPEC Does Not Cut Output

    Oil Price Seen Falling to $60 if OPEC Does Not Cut Output

    Brent crude futures have fallen 34 per cent since June to touch a four-year low of $76.76 a barrel on November 14, and could tumble further if OPEC does not agree to cut at least 1 million barrels per day (bpd), commodity fund managers say.

  • Government to Streamline Subsidies, Cheap LPG for Rich May Go: Finance Minister

    Government to Streamline Subsidies, Cheap LPG for Rich May Go: Finance Minister

    A reduction of the scope of subsidies currently being provided to well-off people appears to be on the anvil with Finance Minister Arun Jaitley questioning the justification of "unquantified" subsidy amounts to "unidentifiable" sections.

  • Coal India Trade Unions Call Off Strike

    Coal India Trade Unions Call Off Strike

    State-run Coal India's labour unions have called off a strike planned for Monday in protest against a stake sale and opening up of the industry, setting the stage for Prime Minister Narendra Modi to press ahead with energy reforms.

  • Commercial Mining of Coal to be Allowed After Auction: Finance Minister

    Commercial Mining of Coal to be Allowed After Auction: Finance Minister

    The government will allow commercial mining of coal by private companies after allocating mines to public sector undertakings and auction to specific end-users, Finance Minister Arun Jaitley said on Sunday.

  • Tanishq Relaunches Gold Deposit Scheme

    Tanishq Relaunches Gold Deposit Scheme

    Tata Group jewellery brand Tanishq has revived its 'gold harvest' scheme, which it had to discontinue few months ago due to the new Companies Act which terms such schemes as public-deposit schemes.

  • Government Taking Steps for Smooth Transportation of Coal: Anil Swarup

    Government Taking Steps for Smooth Transportation of Coal: Anil Swarup

    The government is taking steps to ensure hassle-free transportation of coal from remote mines, apart from increasing its production capacity, Coal Secretary Anil Swarup has said.

  • Gold Rebounds on Seasonal Demand; Global Cues

    Gold Rebounds on Seasonal Demand; Global Cues

    This was due to emergence of buying by jewellers and retailers, supported by ongoing wedding season demand amid a firm global trend.

  • RBI Cautious on Response to Gold Import Surge: Report

    RBI Cautious on Response to Gold Import Surge: Report

    India, the world's second-largest gold consumer over the past year, is wrestling with its response to a fourfold jump in gold imports in October. That spike raised fresh concerns over the strain to the country's balance of payments.

  • Gold, Silver Decline on Low Demand, Global Cues

    Gold, Silver Decline on Low Demand, Global Cues

    Silver also eased by Rs 100 to Rs 36,200 per kg due to reduced offtake by industrial units and coin makers.

  • Demand for Branded Edible Oil Increases as Prices Drop, Incomes Rise

    Demand for Branded Edible Oil Increases as Prices Drop, Incomes Rise

    India's top edible oil importer Ruchi Soya sees the country's $8 billion branded oil market growing by up to 15 percent in 2015.

  • Sugar Export Sops Extension Yet to be Decided: Food Minister

    Sugar Export Sops Extension Yet to be Decided: Food Minister

    Sugar season in India, the world's second biggest producer after Brazil, runs from October to September.

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