Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western
The government has asked upstream oil firms like Oil and Natural Gas Corp (ONGC) to give about Rs 36,900 crore in fuel subsidy during April to December 2011, an official
Oil prices hovered below $98 a barrel today in Asia amid mixed signs about the strength of US crude demand.
Benchmark crude for March delivery was down 1 cent at
Oil prices rose in Asian trade today as worries over supply disruptions in Nigeria outweighed concerns over the mass debt downgrade of eurozone nations, analysts said.
New York's main contract,
The Finance Ministry today said it expects the public sector units to pay "good amount" of dividend in the current fiscal.
"The meetings (with PSUs) are going good
Goldman Sachs said it expected upside in prices of oil, gold and copper this year, citing greater supply risks and stronger fundamentals.
"We view gold and copper as providing the
Oil rose to around $113 a barrel on Tuesday as tension over Iran's nuclear programme and unrest in Nigeria outweighed persistent concerns about the strength of Europe's economy.
Iran has
Oil rose in Asian trade today sparked by heightened tensions between the US and major crude producer Iran analysts said. In morning trade New York's main contract
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