November 25, 2014 23:04 (IST)
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.
November 25, 2014 20:04 (IST)
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.
November 25, 2014 15:32 (IST)
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.
November 25, 2014 13:33 (IST)
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.
November 25, 2014 09:06 (IST)
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.
November 24, 2014 20:29 (IST)
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.
November 24, 2014 20:12 (IST)
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.
November 24, 2014 16:03 (IST)
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.
November 24, 2014 15:27 (IST)
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.
November 24, 2014 15:22 (IST)
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.
November 23, 2014 15:29 (IST)
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.
November 23, 2014 15:09 (IST)
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.
November 23, 2014 14:07 (IST)
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.
November 23, 2014 11:53 (IST)
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.
November 23, 2014 11:53 (IST)
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.
November 22, 2014 16:26 (IST)
This was due to emergence of buying by jewellers and retailers, supported by ongoing wedding season demand amid a firm global trend.
November 21, 2014 19:47 (IST)
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.
November 20, 2014 15:58 (IST)
Silver also eased by Rs 100 to Rs 36,200 per kg due to reduced offtake by industrial units and coin makers.
November 20, 2014 15:01 (IST)
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.
November 20, 2014 14:26 (IST)
Sugar season in India, the world's second biggest producer after Brazil, runs from October to September.