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Good news! Smartphone prices in India may fall by 11%

Last Updated: Tuesday, August 18, 2015, 14:11

Smartphone prices in India may fall by 11% year-on-year in 2015 with demand for 4G devices capturing 6% of the smartphone unit demand, research firm GfK said.

Cairn to seek damages from Govt for tax notice

Last Updated: Tuesday, August 18, 2015, 12:42

The firm said it has initiated arbitration for resolution of the tax demand linked to 2006 reorganisation of Cairn India, its one-time Indian subsidiary with oilfields in Rajasthan.

India's Q2 gold demand falls 25% to 154.5 tonnes: WGC

Last Updated: Thursday, August 13, 2015, 12:44

India's gold demand during April-June declined 25 percent to 154.5 tonnes due to unseasonal rains in the first quarter that damaged crops and the shrinking of wedding dates, according to the World Gold Council (WGC).

Rupee hits 23-month low, falls past 65 against US dollar

Last Updated: Thursday, August 13, 2015, 12:26

The rupee fell past 65 against the American currency and was quoting lower by 22 paise at 65 per dollar Thursday on fresh dollar demand from banks and importers.

OPEC raises 2015 oil demand forecast despite bearish markets

Last Updated: Tuesday, August 11, 2015, 17:14

In its August monthly report, the Organization of the Petroleum Exporting Countries said it was expecting world oil demand to grow by 1.38 million barrels per day -- some 90,000 more than announced in its July estimates.

PMO asks Coal Ministry to increase fuel linkages to sectors

Last Updated: Sunday, August 9, 2015, 12:47

To ensure availability of fuel to industries, the Prime Minister's Office has asked the Coal Ministry to increase coal linkages to all sectors, including power.

PM favours export of surplus sugar, ethanol blending

Last Updated: Saturday, August 1, 2015, 21:29

Prime Minister Narendra Modi on Saturday favoured raising sugar exports to liquidate surplus stocks because of low domestic demand that has led to a huge cane arrears of over Rs 14,000 crore to farmers.

'Fall in global demand, dip in oil prices impacting exports'

Last Updated: Friday, July 24, 2015, 15:55

Fall in global demand, dip in oil prices and appreciation of rupee against euro are some of the main reasons for decline in India's exports, Parliament was informed on Friday.

Mitsubishi mum on report it will end US car production

Last Updated: Friday, July 24, 2015, 09:05

Mitsubishi Motors Corp, faced with declining U.S. demand and an expiring union contract at its only plant in North America, declined to comment Thursday on a report that it planned to end auto production in this country.

Make in India programme to boost stainless steel demand

Last Updated: Thursday, July 23, 2015, 18:44

Government's Make in India programme will help in increasing stainless steel demand in the country, experts said.

Gold price slides 1% to five-year low as investors pull back

Last Updated: Wednesday, July 22, 2015, 21:24

Gold fell more than 1 percent to a five-year low on Wednesday as a bounce in the dollar fuelled downside momentum, with investors continuing to pull away from the metal after its dramatic slide earlier this week.

India's June fuel demand rises 2.83%

Last Updated: Thursday, July 16, 2015, 19:06

India`s annual fuel demand rose 2.83 percent in June but it slowed compared to the previous month as better monsoon and improved power supply crimped demand for fuels, government data showed on Thursday.