International Prices

Production disruptions in Europe because of maintenance shutdowns and other reasons aren’t likely to translate into gains for Indian steelmakers.

Sail rewrites goals; aims for FY17 steel production of 17 mt

Under the new leadership of PK Singh, Chairman of Sail, the goals have been rewritten for India‘s largest steel producer. The company is targeting steel production at 17 million tonnes for FY17 and 20 million tonnes for FY18.

Natural gas price to be cut by 9% to $4.56 from Apr 1

The government had in October last year fixed natural gas price at USD 5.05 per million British thermal unit based on weighted average of international hub rates. This was on gross clarofic value (GCV) basis.

Output growth at 10% per annum possible: Ex-CIL chairman

On CIL divestment, former chairman of CIL Partha Bhattacharya does not think it is the right time. He explains that the company needs to improve its profitability and production to get proper value.

Gold in portfolio is mandatory, ETF the best: Goldman Sachs

During these tumultuous times for the markets, the only reprieve that investors see is in gold. "Gold can be held in many forms, but of them, gold ETFs are the best," says Sanjiv Shah, Co-CEO of Goldman Sachs.

Coffee exports up 38% in Apr-July on strong global demand

India's coffee exports rose sharply by 38% to 1,45,505 tonne till July of the current fiscal on the back of strong global demand and high international prices, according to the Coffee Board of India.