The company cited “challenging conditions” in the steel and iron ore markets as the main reason for such decision.
The provisional data of the tax authorities showed a decline of around 8 per cent, and a 15 per cent decline in value terms.
The minutes of the Federal Reserve’s December meeting released last week indicated that rates might not be raised before April.
An estimated five lakh employees in the coal industry will begin a five-day nationwide strike on Tuesday to denounce moves towards commercial mining of the fuel.
With the easing of gold import restrictions, the metal’s supply through official channels will improve and benefit genuine exporters and manufacturers of gold jewellery, the World Gold Council said today.
Canada invited this week Coal India ltd., the world’s largest coal miner to explore mining opportunities in the country.
Gold is likely to hold steady-to- firm in 2013 and could reach Rs 33,000-level as economic growth prospects improve and certain international factors push up the commodity's price, market experts have said.
The massive breakdowns in the Northern, Eastern and North-Eastern Grids in the last couple of days resulting in major power failures in large parts of the country might have been restored, giving a sigh of […]
With no end in sight to the continuing tussle between state-run Cola India Limited (CIL) and the power producers over the fuel supply issues, the Power Ministry has petitioned the Prime Minister’s Office (PMO) to intervene and settle the issue pertaining to signing of new Fuel Supply Agreements (FSAs) and some controversial clauses in it.
According to technical analysts, gold is stabilising over nearby support in the 1630 area.
Embroiled in one controversy after another, the Manmohan Singh government's time and attention have been consumed by efforts to put out the fire on “troubled political fronts,” and it has ignored the power and coal […]