NMDC slashes iron ore rates by over 50%; more revision likely

State-run miner National Mineral Development Corporation (NMDC) has slashed iron ore prices by over 50 percent due to the week iron ore demand. Analysts see the prices softening further in the near-term

Oil rallies but still near 6-1/2-year lows

European share markets recovered on Tuesday but Chinese stock markets closed down more than 7 percent, with panic selling intensifying after the Shanghai Composite Index crashed through key support at 3,000 points.

Hachette seeks Amazon terms that `value` partners

French publishing giant Hachette said Wednesday it wants to make peace with online retail titan Amazon, but on terms that "value" the role of authors and their publishers.

Gold price races above $1,320; hits 3-month high

Oil and gold prices hit multi-month peaks this week on improved demand prospects in the world's two biggest economies, the United States and China, and owing to a weaker dollar.

Commodity transaction tax will promote 'dabba' trade: Industry

Any transaction tax on commodity derivatives will shift the declining business to either illegal 'dabba' trading or overseas commodity exchanges, warned the industry representatives.

Consumer Affairs Min opposes tax on commodity derivatives

Amid demand from some banks to impose a tax on commodity derivatives in the forthcoming Budget, Food and Consumer Affairs Minister K V Thomas has written to the Finance Minister saying that any such move will distort the nascent market.

Sugar tasted sweeter this year; industry sees decontrol in 2013

Sugar tasted sweeter this year for the Rs 80,000 crore industry which saw bumper production, higher exports and signs of freedom from government control, but consumers had to pay Rs 10 per kg more for the commodity through the year.

Food inflation eases to nearly four-year low of 4.35%

Food inflation fell to a nearly four-year low of 4.35 percent during the week ended December 3, reflecting a decline in prices of essential items like vegetables, onions, potatoes and wheat.

Food inflation inches up to 8.04% for week ended July 23

After dropping to a 20-month low in mid-July, food inflation inched up to 8.04 percent for the week ended July 23 on expensive onion, fruits and milk.

Par panel pulls up FMC for not using allocated funds fully

A Parliamentary panel has pulled
up the commodity market regulator FMC for its failure to fully
utilise the funds allocated for regulating the market.

FMC wants brokers to closely watch `inactive` trading accounts

The Commodity market regulator
FMC has asked brokers to keep a close watch on "inactive
trading accounts" to avoid possible misuse and warned that
failure to do so would attract penalty.