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Sunday, January 26, 2020

Gold prices inch down as markets eye ECB decision

January 23, 2020 1:38:52 pm

Spot gold was down 0.1% at $1,557.37 per ounce by 0617 GMT. U.S. gold futures were unchanged at $1,557.

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Oil slump deepens as China virus casts cloud over fuel demand, economy

January 23, 2020 12:41:37 pm

The so-called novel coronavirus has killed 17 people through respiratory illness since it emerged late last year in Wuhan, a city of 11 million people in central China.

Ikea's sofas and spoons in demand as first India store opens

Ikea in UAE recalls ‘Made in India’ travel mugs that may contain harmful chemicals

January 22, 2020 3:38:07 pm

On Instagram, IKEA posted a picture of the mugs with a caption "RECALLING TROLIGTVIS, Please return the item to our store for a full refund".

Gold edges down on stronger dollar, US-China trade woes limit losses

Gold climbs to two-week high as China virus scare spurs safe-haven bid

January 21, 2020 11:17:29 am

Spot gold prices touched their highest since Jan. 8 at $1,568.35 and were up 0.3 per cent at $1,566.06 per ounce by 0326 GMT. US gold futures were 0.4 per cent higher at $1,566.30.

India’s oil imports from Middle East falls to 4-year low in 2019: Trade

January 20, 2020 2:18:19 pm

India shipped in 2.68 million barrels per day (bpd) oil from the Middle East in 2019, down about 10% from 2018, and around 1.8 million bpd from elsewhere, the data reviewed by Reuters showed.

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FDI hike in insurance: Management control among key issues for govt

January 20, 2020 8:54:26 pm

The success of a hike in FDI will hinge, to a large extent, on sorting out the ownership and management control which is currently under Indian promoters and investors, experts said.

Foodgrain stocks hit record high, wheat area is largest ever

Foodgrain stocks hit record high, wheat area is largest ever

January 18, 2020 7:10:55 am

The report shows that during current rabi season, the area under pulses has been reported as 157.33 lakh ha — 7.80 lakh ha more than the last year (149.53 lakh ha).

India’s palm oils import dips over 8% in December: Industry body

January 16, 2020 5:19:39 pm

India's total vegetable oil imports declined to 11.28 lakh tonne in December 2019, compared to 12.11 lakh tonne in the year-ago period, industry body Solvent Extractors Association (SEA) said.

Ram Vilas Paswan: ‘Only 14, 18, 22 carat hallmarked gold jewellery from Jan 2021’

January 15, 2020 4:51:49 am

Paswan said a fine of Rs 1 lakh or five-times of the price of the gold article will be imposed on the jeweller who fails to comply with the hallmarking standard.

Jewellers to sell only 14, 18, 22-carat hallmarked gold jewellery from Jan 2021: Paswan

January 14, 2020 7:00:02 pm

Jewellers have been given one year time to register with the Bureau of Indian Standards (BIS) and implement the mandatory hallmarking of gold jewellery to ensure purity of the precious metal, Consumer Affairs Minister Ram Vilas Paswan told reporters.

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Oil steady on easing US-Iran tensions, eyes on China trade deal

January 13, 2020 12:39:44 pm

Brent crude was down 2 cents at $64.96 per barrel at 0438 GMT, while West Texas Intermediate (WTI) was up 3 cents at $59.07 a barrel from the previous session.

India’s oil demand growth to overtake China by mid-2020s: IEA

January 10, 2020 6:59:53 pm

IEA projected India's oil demand to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017. China's demand growth is likely to be slightly lower than that of India by the mid-2020s.

Gold futures fall Rs 182 to Rs 39,648 per 10 gm

January 10, 2020 1:02:11 pm

Analysts attributed the fall in prices of gold to trimming of positions by investors, tracking a weak trend in the global market.

Oil gains trimmed as tensions on Iran strike recede for now

January 8, 2020 11:48:08 am

Prices gave up a large part of their gains after the early surges as analysts said market tension could ease as long as oil production facilities remain unaffected by attacks.

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Coffee exports in 2019 up marginally at 3.50 lakh tonne

January 7, 2020 2:55:43 pm

Robusta coffee exports rose 4.10 per cent to 1,86,360 tonne in 2019 from 1,79,004 tonne in 2018, the Coffee Board data showed.

Petrol prices up 15 paisa, diesel by 17 paisa as crude hits $70-mark

January 6, 2020 4:58:44 pm

The retail pump prices of petrol in Delhi rose to Rs 75.69 per litre - the highest since November 2018, while those of diesel climbed to Rs 68.68, according to a price notification of state-owned fuel retailers.

Government cuts import duty on crude, refined palm oils under ASEAN, IMCECA pacts

January 1, 2020 6:19:30 pm

Opposing the move, the Solvent Extractors' Association of India (SEA) said that after the reduction in import duty, the tax difference between CPO and refined palmolein has reduced from 10 per cent to 7.5 per cent.

Non-subsidised LPG price hiked by Rs 19; Oppn calls it govt’s ‘new year gift’

January 1, 2020 3:09:44 pm

Price of Aviation Turbine Fuel (ATF), used to power aeroplanes, was raised by Rs 1,637.25 per kilolitre, or 2.6 per cent, to Rs 64,323.76 per kl in Delhi, according to a price notification of state-owned fuel retailers.

Gold rises to 3-month high, set for best year since 2010

December 31, 2019 11:14:01 am

Bullion is set to post its best year since 2010, having gained nearly 19 per cent, mainly driven by a tariff war between the world's two largest economies and quantitative easing by major central banks.

Government to create 1 lakh ton of onion buffer stock in 2020

December 30, 2019 5:26:53 pm

The government had created a buffer stock of 56,000 tonnes for the current year but it was not sufficient to contain the prices which are still ruling above Rs 100 per kg in most cities across the country. As a result, the government was compelled to import through state-run MMTC.