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Latest News:


Govt mulls setting up scrap-based steel plants

New Delhi: The government today said it is planning to set up scrap-based steel plants in north and west parts of India to augment the country's production capacity.

"We are examining the feasibility of setting up scrap-based steel plants," Steel Min... Read More


Government to put 300 mining leases on auction in FY’18

New Delhi: Government on Thursday said 2017-18 would be the most important year for the mining industry as leases of around 300 mineral blocks would be auctioned during the fiscal.

"In 2017-18 nearly 300 mining leases should be put on auction by diff... Read More

Coal India, employee strike

CIL allocates 30% less coal under spot e-auction in Nov

New Delhi: State-owned CIL had allocated 3.1 million tonnes of coal under spot e-auction in November 2016, down 29.5 per cent from the year-ago period.

The decline comes amid government’s goal of securing availability of coal to meet the demand of va... Read More

Tata Steel, Financial Results

Tata Steel to decide on UK future in 4 weeks

London: Ratan Tata, who was appointed interim chairman of Tata Group after Cyrus Mistry's unceremonious exit recently, is keen to keep the UK steelworks part of the conglomerate and will make a decision in this regard within four weeks, a media repor... Read More


CIL to start spot e-auction of coal tomorrow; 20 mt on offer

New Delhi: State-owned Coal India (CIL) will tomorrow begin special spot e-auction of coal and will put on offer 20 mt of the fossil fuel for various sectors, including power, amid government's efforts for 24x7 power to all.

According to an official,... Read More

Coal India, employee strike

Coal imports fall 6% in Sept

New Delhi: Coal imports fell six per cent to 16.1 million tonnes in September over the corresponding period last year owing to higher prices of the fossil fuel in the international market.

"Coal import (all types of coal) in September 2016 stood a... Read More

Gold Exchange Traded Funds, Investors money, Inflow

Gold ETFs see Rs. 539 cr outflows in April-Sep FY2017

New Delhi: Investors pulled out Rs. 77 crore from gold exchange-traded funds (ETFs) in September, taking the total withdrawal to Rs. 539 crore in the first six months of the current fiscal.

Trading in Gold ETFs has been tepid in the last three fi... Read More

gold, international market, india, dollar

Gold imports’ decline by 59% during Jan-Sept

New Delhi: India's gold imports declined by 58.96 per cent to 270 tonnes from January to September from 658 tonnes that were shipped-in during the corresponding period of last year, a research report said on Tuesday.

According to the report by the in... Read More

BP India

BP India gets licence to sell jet fuel in India

Mumbai: The Indian arm of British oil giant BP Plc has received a license from the government to sell jet fuel in India, its country head said on Thursday.

“India is a huge market ..... Read More

Global Oilfield Companies

ONGC, OIL making losses on natural gas production

New Delhi: State-owned ONGC and Oil India are making losses on natural gas production after government cut rates for the fourth consecutive time to bring down selling price to below the cost of production.

Price of natural gas produced by Oil and Nat... Read More