Commodities

Welcome relief! Gold exports shine in first five months of fiscal after last year’s big fall

Analysts say higher exports in 2018-19 suggests a slowdown in domestic demand, caused mainly by an 8% rise in local prices in the June quarter from a year earlier due to a weak rupee.

Gold, silver maintain upward trend on global cues, jewellers’ buying

Riding on positive global cues and pick-up in buying by local jewellers, gold continued its upward journey with prices spurting by Rs 350 to Rs 31,900 per kg at the bullion market during the week.

Finally, diesel also gets cheaper in Maharashtra after petrol; state cuts VAT by Rs 4 a litre

A day after slashing VAT on petrol in Maharashtra, Chief Minister Devendra Fadnavis on Friday announced a reduction in diesel prices by Rs.4.06/litre.

Suresh Prabhu calls for govt-level agreement for diamond imports from Russia

Prabhu said the government is in talks with various global funds to attract investments, especially in the infrastructure sector.

Below-MSP pulse prices: Maharashtra traders insist on NOCs from farmers

Moong and urad prices in Maharashtra are trading below the minimum support price (MSP) as the farmers wait in hope that the government shall soon begin procurement centres.

Petrol, diesel prices in Chandigarh: UT cuts fuel rates – Check details

Union Territory Chandigarh on Friday announced a Rs 1.50 per litre cut in petrol and diesel prices, effective from Friday midnight.

Petrol, diesel prices in Bihar: Nitish Kumar govt cuts fuel rates – Check new prices

The Bihar government Friday lowered the value added tax (VAT) on petrol and diesel which would make these fuels cheaper by Rs 2.52 and Rs 2.55 a litre, respectively.

India to buy 9 million barrels of Iranian oil in November, says report

India will buy 9 million barrels of Iranian oil in November, an industry source told Reuters, indicating that the world's third biggest oil importer would continue to buy crude from the Islamic republ

Petrol price today: Massive Rs 4.37 cut in Mumbai; check latest rates for metros

Petrol price today: In financial capital Mumbai, one litre of petrol is retailing at Rs 86.97, down by Rs 4.37 as compared to yesterday's price of Rs 91.34.

Oil slick: OMCs to start subsidising again – Centre cuts petrol/diesel excise by Rs 1.50 per litre, OMCs by Re 1; some states cut VAT

The announcement by finance minister Arun Jaitley on Thursday wiped out the Centre’s share of market capitalisation in these OMCs by Rs 14,031 crore.

Rising oil prices, stronger dollar take rupee to new lows

With oil prices rising to levels of $86 per barrel and the dollar strengthening, the rupee drifted down new lows on Thursday of 73.58 to the dollar.

Broken promises: Cotton prices fall 8-13% below MSP, other crops by even more

While prices of bajra are Rs 1,250-1,350 per quintal — the MSP is Rs 1,950 — prices of cotton have also fallen 8-13% below the MSP already.

Save Rs 5 a litre on petrol price in Maharashtra, Gujarat; 2 BJP states add to Modi’s fuel price relief

On Thursday, the petrol and diesel prices were hiked by about 23 paise by oil marketing companies as international crude oil prices surged and the rupee tumbled.

Petrol price today reaches Rs 84 in Delhi, diesel crosses Rs 80 mark in Mumbai; rupee hits record low

Petrol price today: On Thursday, oil marketing companies (OMCs) raised petrol and diesel prices by 23 paise adding more pain to the common man.

Clear dues to get new crushing licence, Maharashtra sugar mills told

Maharashtra Sugar Commissioner Sambhaji Kadu Patil has warned millers in the state to clear pending fair and remunerative price (FRP) dues of farmers for the previous year before the start of the seas

Cotton Corporation gears up for procurement of nearly 100 lakh bales this season

The Cotton Corporation of India (CCI) has begun gearing up for procurement of around 100 lakh bales for 2018-19 season which commenced from Monday.

How Maharashtra farmers use smart phones to boost cotton yields

The "Cotton Doctor" app, an Android and web-based Decision Support System (DSS), has been introduced by World Wide Fund for Nature-India (WWF-India) in collaboration with Swedish multinational IKEA.

Petrol prices today at new high; check revised rates in Mumbai, Delhi, Chennai, Kolkata

Petrol price today: There seems to be no respite as fuel prices continued to increase on Tuesday as well with petrol retailing at Rs 91.20 per litre in Mumbai.

Tomatoes at Rs 1.5/kg! Maharashtra farmers are abandoning their crop in the field

Last week, some 2 lakh crates of tomato arrived at Pimpalgaon, one of the biggest tomato markets in Nashik region, and prices dropped to Rs 161 per crate.

Jeera to trade lower on good stocks, lower export demand

Jeera is estimated to trade lower in October due to good stocks and lower export demand. Arrivals are seen higher year-on-year with last season production higher than normal.

Petrol price crosses Rs 89 per litre mark in Punjab

Petrol price in Punjab crossed the Rs 89 per litre mark Monday, with fuel pump owners pitching for uniformity in taxes on petroleum products in the northern region.

BSE becomes first stock exchange in India to launch commodity derivative contracts in gold, silver

BSE has launched gold and silver derivative contracts and has applied for the launch of crude oil and copper contracts with Sebi. The stock exhange will subsequently launch more agri commodities.

Petrol price today in Mumbai at record high, crosses Rs 91 per litre mark

Petrol price today: There seems to be no respite for the common man as fuel prices continue to rise on Monday with petrol breaching Rs 91 mark in Mumbai.

Data Monitor: Oil demand growth soft at 0.8% y-y in August

India's oil demand growth softened in August and may remain so for the rest of FY19, given the stiff base, Jefferies has said.

IGL hikes CNG, PNG prices; small rise in subsidised LPG

State-run Indraprastha Gas Ltd (IGL) has raised the price of compressed natural gas.

LPG cylinder price hiked by Rs 59; subsidised gas to cost Rs 2.89 more

Subsidised cooking gas (LPG) price Sunday hiked by Rs 2.89 per cylinder to Rs 502.4 per cylinder.

Fuel prices at record high: Petrol nears Rs 91 in Mumbai; check rates at other major cities

Transport fuel prices continued on the daily record breaking upward movement on Sunday, with petrol inching closer to Rs 91 a litre mark in Mumbai.

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