Commodities

Steelmakers plan to seek anti-dumping duty on alloy imports

Finance ministry has ruled out any further hike in import duty after raising it recently by 2.5 percentage points on steel products

Gold crashes below Rs 25,000 to hit over 4-year lows

Continuing its slide for the fourth consecutive day, gold prices today dipped below Rs 25,000 by losing Rs 40 to trade at over four-year lows of Rs 24,980 per 10 grams at the domestic bullion market.

gold

Gold prices struggle to pull away from a 5-1/2-year low

Gold prices struggled to pull away from a 5-1/2-year low on Thursday after more upbeat US economic data bolstered prospects that the Federal Reserve could lift interest rates as soon as next month.

gold scheme

Gold price stuck near 2010 low as data backs Sept Fed hike view

Gold price struggled to pull away from a 5-1/2-year low on Thursday after more upbeat U.S. economic data bolstered prospects that the Federal Reserve could lift interest rates as soon as next month.

Govt mulls export push to tackle sugar sector crisis

Plans to forge ‘barter trade’ deals with interested countries

Centre issues quality norms for stainless steel products

In a bid to curb the rising imports of sub-standard products, the government has laid down quality control norms for stainless steel plates, sheets and strips.

Fate of Indian Grape Processing Board hangs in balance

The term of the 15-member Board ended in February and on March 31, the IGPB vacated its office housed in the Western Maharashtra Development Corporation building in Pune.

Gold continues downtrend on sluggish demand, silver up

Gold prices remained under selling pressure for the third straight session on the domestic bullion market due to lack of buying support from stockists and retailers in the face of global uncertainty.

gold

Gold imports could fall a fifth to $28 billion as prices fall: Refiner

Gold is India's second-biggest expense on the import bill after oil, and purchases of $54 billion two years ago forced the government to raise the duty on the metal to 10 percent.

gold import

Gold drops for third day on global cues, sluggish demand

Continuing its losing streak for the third consecutive day, gold tumbled by Rs 110 to Rs 25,020 per ten grams at the bullion market today, largely in tandem with a weakening global trend amid subdued

gold rate

2015-16 gold imports seen at 900-1000 tonnes: Refiner

India is likely to import between 900 and 1,000 tonnes of gold in financial year 2015-16 that began in April, the head of gold refiner MMTC-PAMP said on Wednesday.

Gold Scheme

Wholesale onion prices double to Rs 40/kg in Lasalgaon

Lasalgoan near Maharashtra is Asia's biggest wholesale market for onions.

Onion prices

India likely to bring in rules to make mills export sugar stocks: Sources

Shares of Indian sugar companies such as Bajaj Hindusthan Sugar Ltd, Shree Renuka Sugars Ltd, Simbhaoli Sugars Ltd and Bannari Amman Sugars Ltd jumped as much as 12 percent after the Reuters report.

Sugar stocks

Gold price struggles near multi-year low as Fed comments buoy US dollar

Gold price slipped toward a 5-1/2-year low on Wednesday as the dollar strengthened after comments from a Federal Reserve official backed expectations that the U.S. central bank would hike interest rat

Kerosene: Centre paid Rs 2,600-crore subsidy to oil retailers for first quarter

The central government has paid Rs 2,600 crore subsidy to public sector oil retailers for selling kerosene at state-set prices in the first quarter of FY16, sources said.

crude oil prices

Jeera likely to rally on supply concerns

Exports are expected to gain momentum, say experts

Soya acreage touches record 112 lakh hectares this season

The total area sown under soyabean has crossed 111.85 lakh hectares this kharif season, probably the highest in recent years, officials from the Soyabean Processors Association of India (SOPA) said.

Delhi govt to sell onions at Rs 40 a kg at Fair Price Shops

In the backdrop of sharply rising price of onions, Delhi government today announced that it will sell the vegetable at Rs 40 per kg through Fair Price Shops from Monday.

onion farmers

Gold prices near 5-1/2-year low as US rate worries weigh

Gold dropped for a third session in four on Tuesday, closing in on a 5-1/2-year low, with selling pressure supported by expectations that the Federal Reserve is set to raise interest rates this year.

gold scheme

Maharashtra sugar mills queue up for interest-free loans

After getting assurance from chief minister Devendra Fadnavis that the state would bear the interest burden for remaining four years, sugar millers in Maharashtra...

Truck rentals likely to fall for third month in a row

Truck rentals are expected to fall for the third successive month in August by 5% owing to a sharp diesel price cut of Rs 3.60 a litre.

Steelmakers’ challenge for profitability to remain stiff

The financial results of a few steel plants in Q1 of FY16 clearly indicate that a big push in domestic demand can only bring some cheers to the bottom lines of producers. However, it is also to be app

Weak China factory data drag down commodities

China's official PMI for July slows to its weakest in 2 years

Oil sinks to 6-month low amid weak data, slump in gasoline

Oil sank to six-month lows on Monday with Brent crude falling below $50 a barrel on sluggish U.S. and Chinese economic data and bets for weaker gasoline consumption in the United States after tearaway

Oil prices languish as supply concerns linger

Oil prices fell in Asia today on persistent concerns about the global supply glut after the OPEC cartel's indication that it will not budge from its current lofty output levels, analysts said.

crude oil prices

Gold price extends weakness after worst month in 2 years

Bullion lost almost 7 percent in July, its deepest monthly fall since June 2013. It fell for a sixth straight week last week, its longest retreat since 1999.

Gold rate

India’s gold imports shot up by about 61 percent in April-May

India's gold imports shot up by about 61 percent to 155 tonnes in the first two months of the current fiscal mainly due to weak prices globally and the easing of restrictions by the Reserve Bank.

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