26 Apr 17
|Unregistered copper market causing Rs 500-cr loss to govt|
The central government incurs a revenue loss of Rs 500 crore every year owing to non-payment of taxes by the unregistered secondary copper market, which accounts for 45 per cent of the copper scrap processed in the country, according to the International
24 Apr 17
|Gold prices dip below Rs 30,000 on weak global cues|
Gold prices on Monday dipped below the Rs 30,000 mark, tumbling by Rs 350 to Rs 29,650 per 10 grams at the bullion market, tracking a weak trend overseas amid fall in demand from local jewellers.
|More gain ahead for silver|
Spot silver prices in the international markets have risen by 8.5 per cent in the quarter ending March. In the previous one, ending December 2016, these had declined by 17 per cent.
22 Apr 17
|Opec recommends 6-month extension of oil output cuts|
An Opec and non-Opec technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said, in an effort to clear a glut of crude that has weighed on prices.
21 Apr 17
|Oil prices flat in choppy trade, output cut signal|
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran.
|India's crude oil demand to grow by 5% per year till 2020: Study|
The report by S&P Global Platts, released on Thursday, has forecast eight per cent annual gross domestic product (GDP) growth over the next few years.
20 Apr 17
|Rising rupee an opportunity for gold buyers: WGC|
The appreciating rupee has opened up an opportunity for gold buyers in the country, as the increase in global prices of the metal is cushioned by almost six percentage points, said Somasundaram P R, managing director of World Gold Council’s (WGC)
|Steel makers feel the heat of input cost rise|
The recent increase in prices of iron ore and coking coal has made steel manufacturing costlier by at least Rs 8,000 a tonne for producers without captive mines.
|Sugar futures fall after Cabinet extends cap on stocks by 6 months|
Indian sugar futures fell on Wednesday after the cabinet extended by six months a limit on the quantity of sugar that mills can hold, in a move to contain high local prices.
13 Apr 17
|Oil set for longest gain since 2012|
Oil advanced for an eighth day in London, the longest gain since 2012, on speculation Saudi Arabia will support an extension to Opec-led output cuts just as stockpiles show signs of shrinking.
|Detergent prices to rise as chemical duty kicks in|
Consumers are staring at a second hike in prices of detergents within a fortnight, with the government slapping an anti-dumping duty on a key input in manufacturing detergents.
12 Apr 17
|OPEC's war on oil overhang starts to bear fruit|
OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline.