By Mahmut Geldi, Riyadh: Russia and Saudi Arabia agreed at a meeting Wednesday in Riyadh to cooperate to help stabilize oil markets. "Saudi Arabia and Russia play an historic role in the stability of the oil market," Saudi Energy Minister Khalid Al-Falih said at a...
New Delhi : A slight easing of food prices helped lower India's retail inflation in January to 5.07 per cent even as factory production growth slowed somewhat in December to 7.1 per cent, according to official data on Monday. India Inc lauded the continuing high...
By Ovunc Kutlu, New York: Crude oil prices posted their biggest weekly losses Friday in more than two years, after rising crude production and the number of oil rigs in the U.S. has brought back fears that crude supply would increase in the global market. The...
New Delhi : Petrol prices approached a three-and-a-half-year high in Delhi on Thursday at Rs 73.05 per litre. The previous high in the national capital was Rs 73.60 a litre in July 2014, data from the Indian Oil Corp showed. On Wednesday, price of petrol in the city...
By Saurabh Katkurwar, New Delhi : Exports of fresh fruits and vegetables have slumped by 15 per cent in terms of revenue during April-November 2017, apart from a substantial dip in the export of pulses and wheat. Low demand and supply of onions, tomatoes, bananas and...
By Shreehari Paliath, New Delhi : Indian farms produced record harvests in 2017, and the government's agricultural budget rose 111 per cent over four years to 2017-18. Yet, prices crashed, 8,007 farmers committed suicide in 2015, unpaid agricultural loans rose 20 per...
New Delhi : Oil and gas explorer ONGC on Sunday said that "all options" including internal accruals and short-term borrowing are available to fund its acquisition of HPCL. "We have various options available with us to fund this deal," Shashi Shanker, Chairman and...
New Delhi : Economic reforms are expected to drive up gold demand in the country in 2018, feels Alistair Hewitt, Director for Market Intelligence with the World Gold Council. In an interview to business news channel BTVI, Hewitt said economic reform policies will lead...
By Rohit Vaid, New Delhi : Crude oil prices at around $60 per barrel is the "ideal" level for Air India to sustain its new-found revenue growth, the airline's Chairman and Managing Director (CMD) Pradeep Singh Kharola said. When asked about the surge in crude oil...
By Vivian Fernandes, New Delhi : The global merger of Bayer CropScience and Monsanto cannot happen unless the Competition Commission of India (CCI) approves their merger in India, according to a top official of Bayer in India. Richard van der Merwe, Vice-chairman and...