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NEW YORK (Reuters) - Oil slumped 3 percent on Tuesday, falling for a third straight session due to the stronger dollar, mounting concerns about the prospect of tighter monetary policy in China and euro zone debt and economic woes.
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NEW DELHI (Reuters) - Adani Enterprises expects its coal imports to rise about 40 percent this year, the head of its coal trading unit said, preserving its dominance of the coal trade in Asia's third-largest economy.
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BANGALORE (Reuters) - Coalbed methane producer Great Eastern Energy , which is eyeing a secondary Indian listing by 2013, forecast sales nearly tripling this year on surging demand for natural gas, its chief executive said.
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SHANGHAI (Reuters) - China's key stock index fell by 4 percent on Tuesday, driven by retail investors spooked by rumours of more aggressive action to control inflation dumping large cap bank and energy shares.
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LONDON (Reuters) - Oil fell towards $84 on Tuesday, weighed down by a slightly stronger dollar and ahead of expected news of a rise in U.S. crude stockpiles.
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LONDON (Reuters) - UK explorer Cairn Energy said there was no guarantee its planned sale of a stake in Cairn India to Vedanta Resources for up to $8.5 billion would proceed but added it still hoped to close the deal in the first quarter of 2011.
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MUMBAI (Reuters) - Energy and environment projects firms SPML Infra is seeking acquisitions of water management firms for growth and has set aside $10 million for the same, a senior official said on Tuesday.
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SINGAPORE, Nov 16 (Reuters) - Oil prices eased below $85 on Tuesday, weighed down by a stronger dollar and an expected rise in U.S. crude stockpiles.
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MUMBAI (Reuters) - The rupee were slightly up on Tuesday tracking gains in Asian units and a steady dollar overseas, though persistent dollar buying by oil importers and a risk-averseness of foreign investors may weigh, dealers said.
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NEW DELHI (Reuters) - State-run Oil India is hoping to conclude a deal soon to buy a stake in an oil and gas producing asset overseas, its head of finance T.K. Anantha Kumar said on Tuesday.
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SHANGHAI (Reuters) - China's key stock index ended down 4 percent on Tuesday, its lowest close in a month, weighed mainly by large cap bank and energy shares, as renewed talk of further policy tightening spooked retail investors already on edge after a large fall in the past few days.
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Tata Steel s European unit Corus sales declined by 8.1% y-o-y and 4.9% q-o-q, indicating tougher times ahead in the European markets. Corus earnings before interest, tax, depreciation and amortisation (Ebitda) per tonne also declined to $56 in Q2FY11 from $79 in Q1FY11. Tata Steel s European operations are expected to be under margin pressure on the back of flattish realisations and higher raw material costs, as industry experts forecast iron ore prices to rise to $200 per tonne in the next 12
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Godrej Industries is planning to commercially generate power from palm oil biomass in the next 2-3 years, a move expected to give boost to green energy production in the country. The company has started lobbying with the government to fix minimum support price (MSP) for palm oil in order to bring more agricultural lands under palm oil seed cultivation. We would appoint a consultant to explore the possibility of producing electricity from palm oil biomass. We currently generate two megawatt of p
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The growth and decline of political unionism in India: The need for a paradigm shift By Pong-Sul Ahn ILO, 2010 Have you wondered why the trade unions in Coal India stopped the workers from partaking in the IPO, as a result of which hardly 10% of the 63 million shares reserved for employees were subscribed? To understand why the workers, who stood to benefit from the gains in the share value of a company they had worked to build, are instead getting penalised with a deduction of 8 days wages for
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The Securities and Exchange Board of India (Sebi) on Monday issued notification increasing the maximum application size for retail individual investors to Rs 2 lakh across all public issues from the present cap of Rs 1 lakh. This decision taken in the recently concluded board meeting will be applicable for all the forthcoming initial public offers. Citing the overwhelming response from retail investors to the Coal India and PowerGrid issues, Kedar Deshpande, head of retail broking at Edelweiss,
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