September 30, 2014 21:00 (IST)
The price of petrol was cut by 65 paise per litre on Tuesday, while that of diesel was kept unchanged. The revised rates will be effective from midnight.
September 30, 2014 20:18 (IST)
The price of non-subsidised cooking gas (LPG) was cut by Rs 21 per cylinder on Tuesday while that of aviation turbine fuel (ATF) or jet fuel was reduced by a steep 3 per cent on the back of falling international oil rates.
September 30, 2014 14:07 (IST)
State-owned oil firms are likely to announce reduction in rates, made possible because of softening in international oil rates, this evening, government and industry sources said.
September 30, 2014 12:37 (IST)
Gold held steady above a nine-month low on Tuesday as Asian equities remained unsettled by political unrest in Hong Kong, but was poised to post its sharpest monthly loss since June 2013 as a rapid climb in the dollar dimmed its appeal.
September 29, 2014 23:46 (IST)
Acknowledging that the Supreme Court's order on mass cancellation of coal block licences may impact banks' asset quality, a top Finance Ministry official on Monday said the lenders will approach the Reserve Bank of India (RBI) for restructuring such assets.
September 29, 2014 22:08 (IST)
Singareni Collieries, India's second-largest coal producer, will open the country's biggest underground mine next month with a capacity of 2.8 million tonnes per year, which should help the firm edge past its output target for this fiscal year (2014-15).
September 29, 2014 14:54 (IST)
Traders attributed the recovery in gold and silver prices to pick up in festive season demand.
September 27, 2014 19:41 (IST)
The Centre will give top priority to providing relief to rubber growers who are facing a crisis due to a fall in prices, Union Commerce Minister Nirmala Sitharaman said on Saturday.
September 27, 2014 15:25 (IST)
After the previous day's sharp rise, gold prices fell back by Rs 320 to Rs 27,230 per 10 grams in the national capital on Saturday as demand eased at prevailing higher levels coupled with a weak global trend.
September 27, 2014 11:07 (IST)
India's annual coal imports could jump by as much as a third to more than 200 million tonnes for the next few years as a result of a court ruling this week that will halt mining of the resource by most private companies from next year.
September 26, 2014 22:54 (IST)
The World Gold Council is confident that 2014 would end on a robust note in gold demand in India, contrary to the initial drop in the first half.
September 26, 2014 20:52 (IST)
As the government deferred a revision in natural gas prices for the third time, brokerages said pricing needs to be fixed quickly as non-remunerative rates and policy uncertainties had led to sluggish domestic output.
September 26, 2014 20:37 (IST)
GMR Infrastructure Ltd on Friday said the recent Supreme Court judgement cancelling 214 coal blocks allocations will not have any negative impact on it.
September 26, 2014 18:22 (IST)
The Supreme Court's decision to cancel coal block allocations may have a "marginal" impact on current account deficit and net burden on the deficit would be an additional $700 million, according to an SBI report.
September 26, 2014 16:36 (IST)
Gold regained its glitter to trade Rs 590 higher at Rs 27,550 per 10 grams in the national capital on Friday on the back of increased demand from jewellers and retailers, driven by ongoing festive and wedding season.
September 25, 2014 16:47 (IST)
Iron ore fell below $80 a tonne this week for the first time since September 2009 and is on track for its biggest-ever annual drop amid a deep supply glut stoked by top, low-cost producers including Rio and Vale.
September 25, 2014 10:00 (IST)
Investors will be watching more US data due later on Thursday, including durable goods orders for August, to gauge the strength of the world's largest economy and the implications for the Federal Reserve's monetary policy and the dollar.
September 24, 2014 14:49 (IST)
Gold prices rose further by Rs 210 to Rs 27,210 per 10 gm in the national capital today on increased buying by jewellers and retailers to meet upcoming festive and wedding season demand amid a firming global trend.
September 23, 2014 22:07 (IST)
The government has a narrow window of one day to approve a new gas pricing mechanism to meet its own deadline of announcing a new rate.
September 23, 2014 20:41 (IST)
Brent crude rose above $97 per barrel on Tuesday after a survey showed China's factory activity unexpectedly picked up in September, helping brighten the demand outlook in a market that has been weighed by a supply glut.