Commerce Ministry trying to improve exports of all commodities

The Commerce Ministry was giving "importance" to overall industrial development and was trying to improve exports of all commodities, its Minister Nirmala Sitharaman said Friday.


Gold weak on global cues, low demand; silver remains up
Gold weak on global cues, low demand; silver remains up

Weak global bullion market and tepid domestic demand continued pressure on gold prices. Gold closed at Rs 26,600 per 10 grams at the bullion market on Monday, but silver rallied to Rs 35,760 per kg.

Wall Street ends flat as commodities weigh

Wall Street finished little changed on Monday as a better-than-expected start to corporate earnings season boosted investor confidence, but gains were curbed by a drop in commodities.

'Exporters need to focus on non-trade barriers to boost biz'

Exporters are facing non-trade barriers and they need to focus on them to enhance their product competitiveness in the global market as well as boost shipments, a senior Commerce Ministry official said on Wednesday.

Sebi expects FMC merger to be completed in 6-12 months

Capital markets regulator Sebi expects the proposed merger of commodities regulator FMC with it to be completed in 6-12 months.

Commexes' turnover drops 41% till March 15 of FY15

Much of the fall in turnover was seen in bullion, followed by energy, farm and metals items in the said period, as per commodity markets regulator FMC.

Oil jumps on weaker dollar; U.S. crude up more than 4 pct

Oil prices jumped on Friday, heading for their first positive week in three, as the dollar fell on interest-rate uncertainty, lifting demand for dollar-denominated commodities from holders of other currencies.

Sebi says procedural aspects of FMC merger being worked out

Capital markets regulator Sebi on Friday said the proposed merger of commodities watchdog FMC with it is on track and it is coordinating with Finance Minister Arun Jaitley to ensure a smooth transition.

India's exports up 0.88% in Apr-Feb

India's imports during April-February also went up by 0.70 percent to USD 411.80 billion, Sitharaman said.

Glencore to spin off stake in platinum producer Lonmin

Mining and commodities giant Glencore on Wednesday announced plans to unload its 23.9 percent stake in South African platinum producer Lonmin and distribute the shares to its own shareholders.

Market sell-off continues amid global commodity rout

Stocks continued their downtrend for the second straight day, led by key front-line heavyweights, amid gloomy overseas cues as the benchmark Nifty shed 22 points on the National Stock Exchange(NSE).

Modi-Rajan-Commodities trinity keeping India a favourite: Citi

India remains a consensus favourite investment destination for US companies, largely on the back of a 'Modi-Rajan-Commodities trinity', global financial major Citigroup said in a report Monday.

Govt taking measures to bring down inflation: Sitharaman

Expressing commitment to ensure price stability, the government on Friday said it is taking measures to bring down inflation.

No plan to amend food security law at present: Govt

There is no proposal to amend the landmark food security law at present, Parliament was informed on Tuesday.

CCEA may consider today stock limits on onion, potato

Currently, stock limits are imposed for pulses, edible oils and oilseeds till September 2014, while for rice and paddy upto November this year.

China to rein supreme in world commodities in 2014: Report

Grains, metals, meat: these are just three of the commodities being sucked in by the voracious Chinese economy which is set to be the key driver on raw materials markets this year.

Owais Shah reveals batting tricks to triumph against `death bowlers` in T20s

English Twenty20 specialist batsman Owais Shah has revealed the tricks a batsman can use to make sure he triumphs against `death bowlers` in the shortest format of the game.

Bank credit to sensitive sectors nearly doubles: RBI

The Reserve Bank on Thursday said bank credit to the sensitive sectors almost doubled to Rs 10,20,600 crore in 2012-13, primarily due to credit to the real estate sector.

`Australia risks becoming another Greece, Spain’

The world`s richest woman, Gina Rinehart, has warned that Australia could become another ‘Greece, Spain or Portugal’ unless it cuts government debt.

Mining scam: Shah panel to visit Odisha on Oct 31

A team of the Justice MB Shah Commission of enquiry will visit Odisha again on October 31 to further investigate the alleged mining illegalities in the state.