Despite a strong rebound in the domestic currency and continued decline in crude oil prices, the key equity indices -- S&P BSE Sensex and Nifty50 -- traded on a negative note during the afternoon session of the trade.
Asian spot prices for liquefied natural gas (LNG) edged higher this week, reversing the declining trend of recent weeks due to renewed appetite for spot cargoes, but unsold cargoes capped gains, traders said.
Gold recovered from a three-week low hit in the previous session as the recent fall in the metal prices and an easing dollar from multi-month highs induced some bids.
Domestic steel and metal producers underscored their contribution to the construction of Statue of Unity -- the world's largest statue dedicated to the nation by Prime Minister Narendra Modi Wednesday.
South Korea’s top court ruled Japan’s Nippon Steel & Sumitomo Metal Corp. should compensate four South Koreans for their forced labor during World War Two, a decision that could freeze ties between the uneasy neighbors.
Nippon Steel & Sumitomo Metal Corp said a ruling by South Korea’s top court that the Japanese company should compensate four South Koreans for their forced labour during World War Two is “deeply regrettable”.
The Jindal Steel and Power Ltd (JSPL) has set a target to increase its Angul plant's capacity to 20 mtpa by 2030, a top company official said.
Canada’s ambassador to Washington on Friday struck an optimistic tone over a dispute with the United States over metals tariffs, saying he thought both sides would resolve their differences “sooner rather than later”.
The committee of creditors of debt-laden Essar Steel India Ltd has chosen ArcelorMittal SA and Japan’s Nippon Steel & Sumitomo Metal Corp as the winning bidders for the asset, Nippon Steel said in a statement on Friday.
The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages.