Written By: Ramarko Sengupta | New Delhi | May 21, 2013 16:28 (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.
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.
May 17, 2013 10:12 (IST)
Gold fell for a seventh straight session on Friday as the dollar strengthened and investors cut exposure to the metal, sending holdings in exchange-traded funds to their lowest in four years.
London | May 16, 2013 22:22 (IST)
Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent price falls favoured other assets.
May 16, 2013 18:34 (IST)
The government has slashed the import tariff value of gold and silver to $466 per ten grams and $761 per kg, respectively, considering weak global price trend.
Singapore | May 16, 2013 14:22 (IST)
If gold ends lower on the day, it would be its longest losing streak since March 2009.
May 16, 2013 11:14 (IST)
Gold for May delivery fell by Rs 200 per 10 gram to a low of Rs 26,106 on the MCX on Thursday. The decline marked the fourth straight day of losses.
May 16, 2013 10:58 (IST)
Gold fell for a sixth session on Thursday in its longest losing streak since March 2009, after holdings in exchange-traded funds fell to their lowest in four years as rallying stock markets dulled bullion's safe-haven appeal.
London | May 15, 2013 21:12 (IST)
Gold fell for the fifth straight session on Wednesday, hitting a four-week low below $1,400 as the dollar strengthened to a six-week high versus the euro, clouding the metal's already weak technical picture.
Mumbai | May 14, 2013 23:52 (IST)
Gold buying in India, the world's biggest buyer of the metal, came to a halt on Tuesday, a day after the Reserve Bank of India (RBI) restricted gold imports on consignment basis and jewellery sellers saw a sharp rise in festival sales.