Commodities

New Delhi | May 24, 2013 19:34 (IST)

Reliance Industries (RIL) announced on Friday a huge natural gas discovery in the flagging eastern offshore KG-D6 block that will be key to arresting falling output.

New Delhi | May 23, 2013 22:29 (IST)

The Union Cabinet will consider the impact of proposed hike in natural gas prices on power tariff and fertiliser subsidy before taking a decision on increasing the rates, Finance Minister P Chidambaram said on Thursday.

Mumbai | May 23, 2013 16:30 (IST)

Indian gold futures jumped more than 1 per cent on Thursday aided by a weaker rupee and firm global trends, while premiums on physical gold eased due to some supply from bullion importing agencies.

New Delhi | May 23, 2013 15:02 (IST)

This is a landmark transaction for Vedanta, and it believes this represents one of the largest corporate high yield bond issuances out of Asia ex-Japan, the natural resources giant said adding that it is the fourth successful bond transaction.

Written By: Ramarko Sengupta | New Delhi | May 22, 2013 17:15 (IST)

Coal is literally hot commodity, with most of the country's power and electricity dependent on what is also called 'black gold'. Around 66 per cent of India's power generation is coal based, according to the world's largest miner, Coal India. There is however jargon surrounding the commodity and the industry at large.

Mumbai | May 22, 2013 16:41 (IST)

Indian gold prices rose half a per cent on Wednesday to extend gains for another session but the physical market remained muted, awaiting fresh guidelines from the Reserve Bank of India (RBI) after restrictions were placed on consignment imports.

New Delhi | May 22, 2013 15:42 (IST)

The Sterlite Industries plant has been shut since nearly eight weeks after residents complained of emissions that led to breathing problems. The case was transferred to Delhi from a southern India branch of the court on April 29.

May 22, 2013 12:59 (IST)

Gold rose on Wednesday on strong Chinese demand and after Federal Reserve officials allayed investor concerns that the U.S. central bank will soon exit its bullion-friendly bond purchases.

New Delhi | May 22, 2013 12:29 (IST)

India's biggest smelter, owned by Sterlite Industries , was shut on March 30 after local residents complained of emissions that led to breathing difficulties, forcing top copper users to rely on rival Hindalco Industries their copper needs.

New Delhi | May 21, 2013 15:40 (IST)

The Director General, the investigation arm of the Competition Commission of India (CCI), is probing the issue.

May 21, 2013 09:35 (IST)

Gold drifted lower for an eighth session out of nine on Tuesday on outflows from exchange-traded funds and as the dollar firmed, putting more pressure on bullion which has already lost nearly a fifth of its value this year.

New Delhi | May 20, 2013 19:33 (IST)

Worried over India's widening current account deficit, the government indicated on Monday that it could take more steps to check gold imports.

May 20, 2013 16:01 (IST)

Jewellers in India faced shortage of the yellow metal ahead of the key wedding season, keeping premiums supported at higher levels, despite meeting part of the demand through left over consignment stocks from banks.

May 20, 2013 12:13 (IST)

Gold futures for May delivery declined for the seventh straight session in domestic markets. The May Futures contract on the MCX traded 1.6 per cent or Rs 408 lower at Rs 25,427 per 10 gram as of noon.

May 20, 2013 11:13 (IST)

StarMine's SmartEstimates expects Tata Steel to report a profit of Rs 334 crore for the quarter compared with a wider consensus mean estimate of Rs 364 crore.

May 20, 2013 10:31 (IST)

Gold fell for an eighth straight session on Monday to its weakest level in over a month, as fears that the U.S. Federal Reserve may wind back its economic stimulus programme hurt the metal's appeal as a hedge against inflation.

New Delhi | May 18, 2013 17:41 (IST)

Gold prices fell by Rs 110 to Rs 26,700 per 10 grams in the national capital on Saturday on reduced offtake against stockists selling sparked by a weak global trend.

Kolkata | May 18, 2013 14:11 (IST)

ONGC said it is keen on foraying into unconventional gas sources like shale gas and would bid for blocks once the government put in place a national policy.

May 17, 2013 12:45 (IST)

Gold futures for May delivery slipped below the Rs 26,000 mark on the MCX on Friday as the yellow metal declined for the seventh straight session in the global markets. The May contract traded Rs 158 (0.60 per cent) lower at Rs 25,973 as of 12.30 p.m.

May 17, 2013 12:26 (IST)

Brent futures slipped on Friday, staying below $104 as bleak U.S. economic data revived worries about demand growth in the world's biggest oil consumer, while a stronger dollar also pressured prices.