Cairo : Egyptian Petroleum Minister Tarek el-Mulla said on Thursday that new areas in the Red Sea will be open for bidding for exploration as part of Egypt's effort to expand oil, gas production. Mulla did not disclose the exact date for the bidding. He told a news...
Mumbai, (IANS) : Indian Commodity Exchange Ltd (ICEX), a screen based on-line derivatives exchange for commodities, on Monday said it has received approval from Securities and Exchange Board of India (Sebi) to re-commence live trading operations. In a statement issued...
Kolkata, (IANS) : India's steel consumption grew by 4.6 per cent to nearly 21 million tonne in the first quarter of the current fiscal over the same period in 2016 while the country's steel exports jumped by nearly 66 per cent in the April-June period, a Ministry...
Kolkata, (IANS) : Coal India on Monday announced auction of coal linkages of tranche III for the non-regulated sector. "Ministry of Coal...has issued policy guidelines and directed CIL (Coal India Ltd) to conduct auction of coal linkages for the non-regulated sector....
Mumbai, (IANS) : Securities markets regulator SEBI on Tuesday allowed exchanges to commence options trade in commodities futures on a pilot basis. "It is decided that initially, on a pilot basis each exchange shall be allowed to launch options on futures of only one...
New Delhi, (IANS) : State-run oil marketing companies (OMCs) have set up a system for the smooth rollout of the daily revision of transport fuel prices across the country, the biggest OMC Indian Oil Corp (IOC) said on Sunday, even as a petrol pump dealers' body...
Kolkata, (IANS) : India's steel exports jumped by 69 percent in May to 0.641 million tonnes (mt) over the same month last year while imports were up by 2.4 per cent, according to a Steel Ministry report. "Export of total finished steel was up by 102 per cent in...
New Delhi, (IANS) : With the Goods and Service Tax (GST) Council deciding to put gold under three per cent tax bracket, World Gold Council (WGC) sees the impact to be "disruptive" with change in consumer behaviour in the coming days. But the net impact is expected to...
New York, (IANS) : Oil prices settled lower on Monday as geopolitical tensions in the Middle East raised market concerns. The United Arab Emirates (UAE), along with Saudi Arabia, Bahrain and Egypt cut diplomatic ties with Qatar, accusing the Gulf state of supporting...
Mumbai, (IANS) : With the Goods and Services Tax (GST) rate fixed at three per cent for gold, stocks of gems and jewellery companies like PC Jeweller, Titan, Tribhovandas Bhimji Zaveri (TBZ), Gitanjali Gems and Tara Jewels shone and hit fresh highs on Monday. Around...