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.
October 21, 2014 19:37 (IST)
Reliance Industries will get 33 per cent higher gas price of $5.61 per mmBtu for output from MA field in the KG-D6 block, but its main D1&D3 fields will continue to get old rate of $4.2.
October 21, 2014 18:26 (IST)
The e-auction of coal blocks for private companies on Tuesday received the nod from President Pranab Mukherjee who promulgated an Ordinance cleared by the Union Cabinet in the backdrop of a Supreme Court order quashing 214 coal blocks to companies since 1993.
Reported By: Heena Gambhir | October 21, 2014 16:32 (IST)
Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the best time to make the most of this opportunity.
October 21, 2014 16:16 (IST)
Brent crude oil held gains around $86 a barrel on Tuesday as news of robust Chinese oil demand buoyed the market, although prices were capped by oversupply and concerns about the health of the rest of the global economy.
October 21, 2014 11:40 (IST)
Many Indian consider Dhanteras as an auspicious occasion to buy gold. Many jewellers have launched promotional schemes to attract gold buyers while stock exchanges have extended trading hours for gold trading on Tuesday.
October 21, 2014 10:42 (IST)
Gold clung to overnight gains on Tuesday to trade near a one-month high as worries persisted over a slowdown in the global economy after China's growth eased in the third quarter to its weakest since the 2008/09 financial crisis.
October 20, 2014 22:41 (IST)
The scrapping of diesel price controls by the government opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.
October 20, 2014 22:37 (IST)
The government promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price controls.
October 20, 2014 22:25 (IST)
Brent crude slipped below $86 a barrel on Monday, resuming a downward move that took the global oil benchmark to near a four-year low last week as supply overwhelmed weak demand in several key markets.
October 20, 2014 21:16 (IST)
The government moved on Monday to open up its coal industry to commercial mining, signalling the most serious shift in 42 years toward allowing private players full participation in the sector.
October 20, 2014 20:21 (IST)
Finance Minister Arun Jaitley on Monday signalled that the government may allow commercial use of mines in the future, but did not indicate when. The government is also using an executive order or Ordinance to acquire the land of nearly 214 coal blocks that were cancelled in September by the Supreme Court.
October 20, 2014 20:19 (IST)
Finance Minister Arun Jaitley and Coal Minister Piyush Goyal are briefing the media after Monday's Cabinet meeting.