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Indian Oil Corp, the country's biggest refiner, has cut throughput at five key plants after heavy rains curbed demand for diesel in northern and eastern India, a company source with direct knowledge of its operations said.A late revival of monsoon rains this month has alleviated power shortages thanks to improved hydroelectric supply, reducing demand to run generators needed to keep the lights on or ...
Mahindra & Mahindra Ltd, India's largest utility vehicle maker, is in advanced talks to buy PSA Peugeot Citroen's scooter business, Bloomberg reported on Tuesday, citing three unnamed sources familiar with the matter.An announcement may be made soon, Bloomberg reported, citing two of the people.A PSA spokesman declined comment. A Mahindra spokesman said the company would not comment on market speculation. French ...
Gold prices rose further by Rs 10 to Rs 27,460 per 10 grams in the national capital today on increased buying by jewellers and retailers for the upcoming festive season amid a firming global trend. Silver followed suit and advanced by Rs 100 to Rs 41,600 per kg on increased offtake by industrial units and coin makers. Marketmen said apart from increased buying by jewellers and retailers to meet upcoming ...
Falling for the third day in a row, gold prices shed another Rs 45 to Rs 27,370 per 10 gram in the national capital today on easing demand from jewellers and retailers amid a weakening global trend. Silver followed suit and declined by Rs 50 to Rs 41,250 per kg on lack of buying support from industrial units and coin makers. Bullion merchants said slackened demand from jewellers and retailers in view ...
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