Business Standard

Indian gold demand to see four-year high in 2015 second half

Gold demand in India is likely to hit a four-year high between July and December on strong demand from the jewellery sector according to World Gold Council.

Ban on iron ore mining led to one million lost jobs in Karnataka, Goa

Ban on iron ore mining and exports in top producing states of Karnataka and Goa led to job loss of one million people, directly and indirectly, according to a ASSOCHAM-Yes Bank joint study.

Indian gold imports crawl in Dec

Despite the government removing restrictions on gold imports late past month, imports of the precious metal have not picked up because of a supply glut.

Gold scales all-time high of $583/10g in India

Gold prices on Saturday hit a new all-time high in the spot market in Mumbai, India, closing at $583 (Rs 32,340) for 10g, up by Rs 190 from Friday.

Gold favours slow burn over surge after Fed easing

The Federal Reserve's multi-billion dollar, open-ended monetary easing pledge is being hailed as the catalyst for another crack at record highs in gold, but its failure to spark a high-octane rally suggests other factors are in play for the bullion market.

Mining hits farm sector in India's Sandur: Study

Rampant illegal mining conducted in Sandur taluk of Bellary district has caused an enormous damage to the environment, health of human beings and animals over the last decade, a recent study has revealed.

Steel firms in state plan to up capacity

The recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities.

NMDC mines affected over Naxal attack

Production in the Kirandul mines of the National Mineral Development Corporation (NMDC) in Dantewada district of Chhattisgarh was affected Monday following Naxal attack that killed six Central Industrial Security Force (CISF) jawans on Sunday night.

Import of coal a remedy for India's power generation losses: Panel

Importing coal is the "remedy" for avoiding power generation losses in the country, while the government's replies on the issue have been ambiguous, a Standing Committee report on Energy has said.

Indian mining dept cracks whip on nine MCL mines

In an unprecedented move, the state mining department has cracked the whip on nine out of 11 coal mines operating at the Talcher Coalfields under the command area of Mahanadi Coalfields Ltd (MCL).

3 Indian firms get diamond processing licences in Botswana

The opening of Botswana as a major diamond trading hub has opened a new window of opportunity for Indian processing companies.

Potash prices headed north

After witnessing a 150 per cent rise in prices since the nutrient-based subsidy (NBS) scheme was introduced in April 2010, potash fertilisers might turn dearer again in the coming days, even as the industry has said it may not raise prices for at least three months.

Commodities: Gold to rule the roost in 2012

Gold was the winner in the global market of widely traded commodities this year and is likely to be stronger than other commodities in 2012.

Iron ore prices fall 11% in a week on slow Chinese demand

Iron ore prices declined 11 per cent in the past week due to a drastic decline in demand from China, the world’s largest consumer of the steelmaking raw material.