Base metals: Lead, nickel rise on spot demand

Economic Times|Sept 27,2017 Lead futures rose by 0.15 per cent to Rs 161.90 per kg today as participants created fresh positions on the back of strong demand at the spot market. In futures trading at the Multi Commodity Exchange, lead for delivery in current month traded higher by 25 paise, or 0.15 per cent, at Rs [...]

2017-10-04T12:22:14+00:00 September 27th, 2017|Non Agri Commodities|

Government plans to sell stake in ONGC oilfields to private firms

Economic Times|Sept 27,2017 NEW DELHI: Nearly 25 years after ONGCBSE -1.47 %'s prime discovered oilfields were privatised, the government is planning to allow private firms to take majority stake in the state-owned firm's producing oil and gas fields such as Mumbai High… Source:http://economictimes.indiatimes.com/industry/energy/oil-gas/government-plans-to-sell-stake-in-ongc-oilfields-to-private-firms/articleshow/60857938.cms

2017-10-04T12:20:27+00:00 September 27th, 2017|Non Agri Commodities|

Sebi to allow mutual funds, PMS to participate in commodity futures market

Business Standard|Sept 27,2017 Three months after markets regulator the Securities and Exchange Board of India (Sebi) allowed Category III alternative investment funds (AIFs) in commodity derivatives, it has granted permission to foreign portfolio investors (FPIs) to trade in non-agricultural commodities in GIFT City International Financial Services Centre. No decision has been taken yet on allowing FPIs to [...]

2017-10-04T10:34:59+00:00 September 27th, 2017|Non Agri Commodities|

Global Steel Output Trends Positive For Growing Indian Economy

Financial Express| Sept 25,2017 Total long steel consumption in India predominated by infrastructure demand has actually gone down by 1.6% during the period with TMT bar and wire rods consumption dropping by 2.5%, while consumption for rails including other railway materials went up by more than 13%. The same trend continues for alloy/SS non-flat products [...]

2017-09-28T11:33:07+00:00 September 25th, 2017|Non Agri Commodities|

Banks To Gain As Steel Sector Shows Signs Of Growth

The Hindu Business Line| Sept 18,2017 With the steel sector showing prospects of improvement in financial health, commercial banks are hopeful of taking a lower haircut on resolution of stressed assets in the sector.Steel industry, which accounts for a major share of the stressed assets in the books of banks, has been reeling under the [...]

2017-09-22T11:13:24+00:00 September 18th, 2017|Non Agri Commodities|

Coal India Plans To Become A Full-Fledged Mining Company

Hellenic Shipping News| Sept 18,2017 Coal India Ltd (CIL) is looking to diversify from its core business of coal extraction and become a full-fledged mining company in a bid to mitigate the growing pressure from renewable energy.The state-controlled enterprise has the competence to expand into mining of various natural resources such as iron ore, bauxite, [...]

2017-09-22T11:11:45+00:00 September 18th, 2017|Non Agri Commodities|