An unprecedented crackdown on corruption in India's mining industry, led by the Supreme Court and state-level agencies such as Karnataka's Lokayukta, coupled with rigorous enforcement of environmental norms is resulting in collateral damage to the economy, with plunging mining output leading to a fall in industrial production and GDP growth.
The Federation of Indian Mineral Industries (FIMI) has urged the Centre not to impose a blanket ban on the export of iron ore, as it would "affect India's steel industry and result in the closure of captive mines."
Coal stocks at India's thermal power plants are critically low on the eve of Diwali, and will not improve unless coal supplies are stepped up significantly.
Many invest in precious metals, more so in the recent times due to the uncertainty in the global economy. There are quite a few innovative instruments, with precious metals as the underlying asset, for investors to choose from. Several factors are driv...
Gold has turned into an attractive investment option in the aftermath of delivering a spectacular rate of return last year. The investment demand for the yellow metal has been growing at a fast clip in countries like India and China. So, is the gold
As gold prices near $2,000 an ounce, some bulls say it's time to take money off the table after the safe-haven rally extended too far too fast in recent weeks.
Gold investors at several firms said gold prices could correct sharply, citing overvaluation. While that does not mean prominent bulls are now bears, they recommended investors take profit on gold holdings, after the precious metal traded briefly above $1,900 on Tuesday for the first time.
