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Sunday, July 03, 2022

Momentum Jharkhand: State to ‘consciously’ shift investment focus from coal mining to other sectors

February 16, 2017 1:33:22 am

Officials said that this was being done “consciously” to project Jharkhand as a state that had to offer much more than coal mining or heavy industries, a perception created for the state over the years.

Fifth straight month of expansion: Exports up 4.32% in Jan, imports rise faster at 10.7%

February 16, 2017 1:26:47 am

Gold imports stand at $2.04 billion, down 29.94% from the year-ago month

Record foodgrain, oilseed output likely this year

February 16, 2017 1:02:13 am

According to the agriculture ministry’s second advance estimates of crop production for this year, total foodgrain output will surpass the previous all-time-high of 2013-14.

Gold tumbles by Rs 300 on weak global cues, fall in demand

February 14, 2017 4:29:53 pm

Globally, gold fell 0.67 per cent to USD 1,224.70 an ounce and silver by 0.78 per cent to USD 17.80 an ounce in New York yesterday.

Gold futures climb Rs 77 on global cues

February 14, 2017 11:58:44 am

The metal for delivery in February was trading higher by Rs 72, or 0.25 per cent, to Rs 29,093 per 10 grams in a turnover of 454 lots.

On softer food prices, CPI contracts to 3.17 per cent in January

February 14, 2017 1:34:34 am

This is the lowest level of inflation rate recorded since the new CPI series was launched in January 2014. Retail inflation was at 3.41 per cent in December.

Rupee slips 10 paise against dollar in early trade

February 13, 2017 10:10:18 am

Forex dealers said increased demand for the US currency from importers and dollar's gain against other currencies overseas put pressure on the rupee.

Commerce Ministry plans merger of commodity boards

February 12, 2017 11:53:57 am

"One board will provide better services. So, we are working to form one specialised body with different verticals," a senior commerce ministry official told media.

OPEC countries complying with agreed output cuts: IEA

February 10, 2017 7:51:38 pm

At the end of November, OPEC agreed to cut output by 1.2 million bpd from January 1, initially for a period of six months.

Gold slips to 3-week low, down Rs 400 on weak global cues

February 10, 2017 5:15:17 pm

In the national capital, gold of 99.9 per cent and 99.5 per cent purity suffered a setback of Rs 400 each to Rs 29,500 and Rs 29,350 per 10 grams, respectively -- a level last seen on January 16, when it had closed at Rs 29,500.

Oil rises after drop in US gasoline stocks, but market remains bloated

February 9, 2017 3:03:33 pm

US bank Goldman Sachs said that high fuel inventories as well as rising US crude production mean that oil markets will remain over-supplied for some time.

Iron ore rises on strong Chinese demand, weaker dollar

February 9, 2017 8:14:44 am

Resumption of construction activity after the Lunar New Year break is boosting demand for steel and other raw materials, analysts said.