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NTPC plans to import 15 million tonnes of coal in FY15

Last Updated: Thursday, March 27, 2014, 17:13

The country's largest power producer NTPC has set a target of importing as much as 15 million tonnes of coal in the next financial year (2014-15).

Gems and jewellery exports dip 4% to $3.59 bn in Feb

Last Updated: Thursday, March 13, 2014, 17:33

Declining for the fourth month in a row, gems and jewellery exports in February fell by 4.15 percent to USD 3.59 billion due to sluggish demand in key markets such as the US and Europe.

Exports contract in Feb; $325 bn target may not be achieved

Last Updated: Tuesday, March 11, 2014, 20:45

India's exports contracted for the first time in eight months in February, making it difficult to achieve the target of USD 325 billion in this financial year even as a sharp dip in gold imports narrowed the trade deficit.

Gold-hungry traders tap Indians living abroad

Last Updated: Tuesday, December 24, 2013, 23:41

Gold premiums in India rose to a record USD 160 per ounce on London prices earlier in December.

GAIL asked to explain logic of seeking reopening of price

Last Updated: Tuesday, December 24, 2013, 18:26

State-run gas utility GAIL India Ltd has been asked to explain the basis on which it is seeking renegotiation of India's most expensive LNG import deal as the contract with Australia's Gorgon project has no such clause.

Gold still showing no sign of losing its sheen in India

Last Updated: Sunday, December 22, 2013, 21:03

Steady demand, despite import restrictions, saw gold prices swaying between Rs.26,440 per 10 grams in April to Rs.34,600 per 10 grams in August.

Iran-India officials discuss oil trade issues

Last Updated: Tuesday, December 10, 2013, 18:44

Weeks after a historic accord eased restrictions on Iran, a high level Iranian delegation Tuesday discussed with Finance Ministry officials the payment mechanism and shipping arrangements for increased oil trade.

Gold imports likely to drop 40% to 500 tonnes in FY14

Last Updated: Sunday, November 17, 2013, 13:14

India's gold imports are likely to fall by 40 percent to 500 tonnes in the current financial year, providing relief to the government, which is trying to narrow the current account deficit and stabilise the rupee.

Moily walks the talk: takes Metro to office to save fuel

Last Updated: Wednesday, October 09, 2013, 13:36

Leading by example, Oil Minister M Veerappa Moily today took the metro to office as part of his drive to promote fuel conservation and help cut India's massive oil import bill.

India's gold demand to rise by 15% in Q4 2013: WGC

Last Updated: Tuesday, October 08, 2013, 18:31

India's gold demand is likely to increase by over 15 percent during the last quarter of this year to up to 300 tonne from last year on account of good monsoon and 20 percent more auspicious days this festival season, the World Gold Council (WGC) said Tuesday.

India looking to import uranium from Uzbekistan

Last Updated: Sunday, October 06, 2013, 20:13

A delegation of Department of Atomic Energy (DAE) officials travelled to Uzbekistan last week to discuss the modalities of a possible contract, sources told PTI here.

India aims to cut Iran oil imports by 15%: Oil secretary

Last Updated: Tuesday, October 01, 2013, 17:47

India aims to cut Iranian crude imports by 15 percent this fiscal year, the oil secretary said on Tuesday, differing from the oil minister who recently said he wanted to hold the shipments at last year's levels.