IBT Staff Reporter

Global market gloom pulled down the Sensex, the prime index of the Bombay Stock Exchange (BSE) by 0.8 percent, Wednesday, ending the four-day bull-run which saw the 30-stock benchmark index gain over 1000 points.

Commodity Online NEW DELHI: Rites Ltd will source and import coal from abroad for state run Power Finance Corporation to meet scarcity of fuel in the wake of increasing electricity consumption.

Commodity Online NEW DELHI: Rites Ltd will source and import coal from abroad for state run Power Finance Corporation to meet scarcity of fuel in the wake of increasing electricity consumption.

Commodity Online NEW DELHI: UN Economic and Social Survey of Asia and the Pacific (UNESCAP) said, world crude oil prices are likely to go down on a slower industrial growth this year.

Commodity Online KUALA LUMPUR: Malaysia will host 13th Asia Oil and Gas Conference (AOGC) from June 8 10 this year, the organizers said here on Thursday.

Commodity Online NEW DELHI: Indian firms NTPC and Essar have decided to participate in oil and gas exploration in Nigeria.

Doug Casey says, the monumental monetary crisis can be took place by deflationary, where billions and billions of dollars are wiped out through bankruptcies and defaults, and the remaining dollars become worth more as a result.

By Gene ArensbergIn the four reporting periods just ahead of the most recent cascade lower for gold and silver those much maligned trading interests were reducing their net short positioning nominally

Commodity Online NEW YORK: Gold futures ended strong Wednesday at the New York Mercantile Exchange as US dollar continued its southward journey against euro.

By Adrian Ash A dead, defunct currency says the world's money supply is about to unleash an awful inflation

Commodity Online NEW YORK: World oil prices continued its upward journey Wednesday after US energy report said refinery utilization had dropped to the lowest point since October 2005.

June gold closed up $14.50 at $954.20 with support from today's weak U.S. economic news.

Cnet Netwroks will lay off 120 employees as part of a workforce realignment, effective immediately, according to a regulatory filing late Wednesday.

Treasuries rose for a second consecutive session on Wednesday amid worries about an economic recession after a report stated durable goods production declined in February while home sales also fell.

Shares of business software maker Oracle says its fiscal third-quarter profit rose, helped by rising software and services revenues, however its yearly revenue missed expectations of Wall-Street.

Many drivers in the U.S. who chose diesel-fueled vehicles over gasoline-fueled ones may have done so for the expected savings from higher fuel economy and historically lower prices per gallon, especially during the summer driving

Software maker Blizzard, maker of the hugely successful Warcraft video game series, is engaged in a legal dispute with a programmer who has created a tool that automates actions inside of one of its popular games.

The dollar fell against the euro on Wednesday on reports of lower durable goods sales and falling housing prices.

Gold futures rose on Wednesday on weaker dollar while crude futures also gained. Gold for April delivery was up $7.20, or 0.8 percent, at $942.20 an ounce on the Comex division on the New York Mercantile Exchange.

Commodity OnlineNEW DELHI: India's Oil and Natural Gas Corp (ONGC) and its partner Britain based Hinduja Group are planning to sign a multi billion dollar deal next month for developing oil and gas fields in Iran.

U.S. stocks dropped for the first time Wednesday in four days as an unexpected tumble in February factory orders sparked concerns over the economy while the outlook for bank profits worsened.

Japan stocks declined Wednesday as investors began worried about U.S. recession.

Commodity Online NEW DELHI: ONGC has came to term with North Eastern Electric Power Corp Ltd for supplying 0.5 million standard cubic metres of gas per day to its power generation plant in Tripura.

Commodity Online MUMBAI: Gold prices rose to Rs 12,370 per 10 gram in the bullion market here on Wednesday, mostly on global trends and aggressive buying by stockists.

Commodity Online NEW DELHI: The state run oil and natural gas utility ONGC and Petrobras, Oil major of Brazil have set up an arrangement for working together in exploration and production of hydrocarbons in India and Brazil.

Commodity Online NEW DELHI: Three of India s major oil companies, Indian Oil, Hindustan Petroleum and Bharat Petroleum will form a joint venture to take up ethanol production in Brazil.

Commodity OnlineNEW DELHI: The Indian government on Wednesday that the move by private fuel companies like Reliance and Essar to close down their petrol pumps has put the Ministry of Petroleum in a difficult situation.

Commodity OnlineNEW DELHI: The Indian government on Wednesday that the move by private fuel companies like Reliance and Essar to close down their petrol pumps has put the Ministry of Petroleum in a difficult situation.

Commodity Online PHNOM PHEN: Cambodian National Petroleum Authority ( CNPA ) on Wednesday announced its intention to start oil production by 2011.