The State-run ONGC has said it will resist the government’s reported move to hand over its 11 “discovered” hydrocarbon fields to private operators for their expeditious development.
We may never fully know what lies behind Crown Prince Mohammed bin Salman’s decision to arrest more than 200 Saudi citizens, including 11 princes and four government ministers, on corruption charges, just as tensions with Iran are escalating.
India’s onion export rose by 56 per cent to 12.29 lakh tonnes in April-July this year, but the country has now gone in for import of the kitchen staple as retail prices have shot up to Rs 65-70 per kg because of tight supplies.
With oil prices trading near their highest level in two years, some traders are betting that the price rise could have more room to run.
India’s basmati rice exports may drop to a three-year low this year as the European Union tightens a fungicide rule and local prices strengthen.
Gold prices fell 0.25 per cent to Rs 29,587 per 10 grams in futures trade today as participants cut down their bets amid a weak global trend.
For jewelers in the world’s second-largest gold market, business is yet to recover from the slump that followed India’s decision to ban high-value currency notes a year ago.
In a good news to the farmers who are engaged in cultivating wheat crop, this season they might get higher prices for the delivery of crop in the month of November and December.
The deadlock over the first cane installment to be paid to farmers by sugar millers in Maharashtra has been finally broken. Sugar millers from South Maharashtra have agreed to pay Rs 200 per tonne over and above the Fair and Remunerative Price (FRP).
Belying the earlier apprehension, the alloy and SS industry has started looking up. A part of it may be due to a mid-year revision of the availability figures in the official statistics that has made the finished steel availability in this segment to grow by 15.5% in October 2017 itself and by 14.5% during the first 7 months of the current fiscal.
Fuel prices are set to rise further despite recent excise duty cut as Brent crude, the global benchmark for oil trade, hit yet another high on Monday at $62.39.
Saudi Arabia’s millennial-in-chief has reached the move-fast-and-breaking-things phase. Prince Mohammed bin Salman’s Saturday night roundup of dozens of prominent royals and officials — all under the auspices of the king he may succeed within months — is actually a natural, if jarring, progression.
In an age of mistrust, there’s good reason that the voice of the healthcare community continues to carry weight. Research published by The Lancet medical academic journal showing the health impact of climate change deserves attention.
Indicating adverse macroeconomic impact of rise in crude oil prices, global financial services major Nomura said every $10 per barrel rise in the price will worsen India’s fiscal balance by 0.1 per cent and current account balance by 0.4 per cent of GDP.
Members of the Cotton Association of India (CAI) and Maharashtra Cotton Ginners Association ( MCGA) met chief minister Devendra Fadnavis seeking the removal of Agriculture Produce Market Committee (APMC) fees.
Oil prices edged up on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC-led supply cut continued to tighten the market.
In the 19th hike since July last year, the price of cooking gas (LPG) on Wednesday increased by Rs 4.50 per cylinder to Rs 495.69.
The rise in wholesale and retail prices of different vegetables in Lucknow was maximum across over 25 cities in the country this month owing to festive demand, Assocham said in a study.
Rising Brent crude price which opened above $60 per barrel on Monday, close to its highest level since July 2015, may spell trouble for the Modi government as it may leave lesser fiscal space to go ahead comfortably with its plans to revive the economic growth.
The OPEC trade is back, and Saudi Arabia is in the driver’s seat. Just before the de facto OPEC leader doubled down on its plan to drain the oil glut, propelling Brent crude prices beyond $60 a barrel for the first time since 2015, hedge funds were almost as bullish on the global benchmark as they’ve ever been.
Even as some farmer organisations in Maharashtra have placed a demand for a first advance of Rs 3,200 per quintal for the sugar season of 2017-18, all eyes are now on the annual cane meet to be held in Jaisinghpur in Kolhapur in Western Maharashtra on Saturday where the more aggressive Swabhimani Shetkari Sanghatana (SSS) is expected to announce its demand for the first cane payment for farmers.
Millet farming is on the rise in Karnataka as against a drop in paddy farming due to deficit in rainfall, Karnataka agriculture minister Krishna Byre Gowda said on Friday.
The state raised the cane price for the early maturing variety from Rs 315/quintal to Rs 325/quintal
Western Coalfields (WCL) said on Friday that Karnataka Power Corporation (KPCL) has not started lifting coal from the mines allocated to its power plants, even though coal stock at the latter’s thermal power plants are at precariously low levels.
Oil prices fell on Friday after Brent rallied to just below $60 a barrel the previous session but support from Saudi Arabia’s crown prince for extending OPEC-led output cuts created a floor.
After a month-long break, the National Agricultural Cooperative Marketing Federation (NAFED) has resumed procuring onions from Lasalgaon, country’s largest wholesale market for the bulb, and neighbouring Agriculture Produce Market Committees (APMCs) under the Centre’s Price Stabilisation Fund.
Cotton prices in Maharashtra have firmed up to Rs 4,600-4,700 per quintal after the Gujarat government announced a bonus of Rs 100 per 20 kg for cotton (Rs 500 per quintal) to be paid to farmers.