December 17, 2014 22:53 (IST)
The government on Wednesday ratified the methodology used for fixing the export subsidy on raw sugar during April-September period of marketing year 2013-14.
December 17, 2014 22:11 (IST)
Brent crude oil moved above $60 per barrel on Wednesday as US data showed falling crude inventories, stemming deep losses brought on by a supply glut and signals from Organization of the Petroleum Exporting Countries (OPEC) producers and Russia that they will not cut production.
December 17, 2014 20:01 (IST)
Employee unions of state-owned Coal India Ltd (CIL) and SCCL on Wednesday warned of going on a five-day strike beginning January 6 to press for demands including rollback of the "process of denationalisation of coal sector" and stopping "disinvestment and restructuring" of CIL.
December 17, 2014 16:08 (IST)
Public sector oil marketing companies (OMCs) have given an option to existing LPG consumers to surrender their subsidy and switch to buying cooking gas at market price, Mr Pradhan said in a written reply in the Rajya Sabha.
December 17, 2014 15:24 (IST)
In a mixed pattern of trading, gold prices recovered by Rs 100 to Rs 27,300 per 10 grams at the bullion market on Wednesday on seasonal demand from jewellers and retailers amidst a firming global trend.
December 17, 2014 14:20 (IST)
Key oil and gas sector reforms like diesel deregulation and a new gas pricing policy will have a positive impact on companies engaged in fuel retailing and gas production, Fitch Ratings has said in a report by Fitch Ratings.
December 17, 2014 11:48 (IST)
Brent crude oil traded below $60 per barrel on Wednesday, near 5-1/2 year lows, as major oil producers signaled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.
December 17, 2014 09:04 (IST)
Investors were also keeping an eye on Russia after the rouble plunged more than 11 per cent against the dollar on Tuesday despite a hefty interest rate hike by the country's central bank.
December 17, 2014 08:53 (IST)
Oil investors are closely watching the situation in crude producer Russia after the ruble on Tuesday crashed to new record lows against the dollar, losing some 20 per cent in value.
December 16, 2014 23:56 (IST)
The government will weigh the impact of last month's easing of gold import rules after inbound shipments jumped 38 per cent in November to push its trade deficit to an eighteen-month high, Trade Secretary Rajeev Kher said on Tuesday.
December 16, 2014 20:02 (IST)
The auction of 74 coal blocks is likely to witness an intense competition among bidding companies and the exercise may push up the fuel price for power sector, rating agency Icra said on Tuesday.
December 16, 2014 19:27 (IST)
Government support would be critical for viability of sugar mills in marketing year 2014-15 that started in October in view of high cane prices and lower sales realisation, rating agency Icra has said.
December 16, 2014 19:27 (IST)
The government on Tuesday raised import tariff value on gold to $396 per 10 grams and that on silver to $561 per kg in line with volatile global price trends.
December 16, 2014 16:56 (IST)
A court asked for further investigation into a coalfield allocation case involving Hindalco Industries on Tuesday, rejecting an earlier report from the Central Bureau of Investigation (CBI) that said the probe was likely to be closed.
December 16, 2014 16:18 (IST)
India to Weigh Gold Policy Impact After Spurt in November Imports
December 16, 2014 15:40 (IST)
Traders said besides easing demand at current levels a weak global trend -- on concern that the Federal Reserve is moving closer to raising US interest rates -- reduced demand for the precious metal as an alternative investment, pulling down gold and silver prices.
December 16, 2014 15:23 (IST)
Oil futures have almost halved since June amid rising output and cooling demand, but producer club OPEC has so far resisted calls to cut production to shore up prices.
December 16, 2014 14:28 (IST)
Consultations are in progress with various ministries and industry bodies with regard to a proposed revision of coal royalty rates.
December 16, 2014 13:01 (IST)
The dollar and euro edged lower against the yen after losing pace Monday due to the uncertainty created by weak crude prices, which have increased pressure on Russia's economy and spooked investors.
December 16, 2014 09:25 (IST)
Apart from oil, investors are eyeing the Federal Reserve's two-day policy meeting which kicks off on Tuesday for clues on the timing of an increase in US interest rates.