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Energy Preview: US oil and gas rig count rise for third straight week, says Baker Hughes

Mumbai, Feb. 17 -- A report from Baker Hughes said the oil and gas rig count in the U.S. rose by 2 to 588 for a third consecutive weekly gain, in the week to February 14, Baker Hughes said Friday in i... Read More


Precious Metals Preview: COMEX gold rebounds in early Asia

Mumbai, Feb. 17 -- COMEX gold is recouping some of its lost momentum in early Asian trades on Monday following a sharp slide last weekend. Gold futures for February closed down 1.78% at $2,893.770 an ... Read More


India's forex reserves up $7.6 billion at $638.2 billion

Mumbai, Feb. 17 -- India's foreign exchange (forex) reserves jumped $7.654 billion to $638.261 billion in the week ended February 7, according to the latest RBI data released on Friday. For the week ... Read More


India's services export up 16.5% in January 2025

Mumbai, Feb. 17 -- India's services exports increased 16.5% to US$ 38.55 billion in January 2025 over January 2024. Meanwhile, India's services imports moved up 13.8% to US$ 18.22 billion in January 2... Read More


Economic Buzz: US industrial production climbs 0.5% as utilities output spikes

Mumbai, Feb. 17 -- A report released by the Federal Reserve on Friday showed industrial production in the U.S. increased by more than expected in the month of January. The Fed said industrial product... Read More


Economic Buzz: US import prices rise modestly in January, but export prices surge

Mumbai, Feb. 17 -- While the Labor Department released a report on Friday showing U.S. import prices increased by slightly less than expected in the month of January, the report also showed U.S. expor... Read More


Economic Buzz: US business inventories dip 0.2% in December

Mumbai, Feb. 17 -- With decreases by wholesale and retail inventories more than offsetting an increase by manufacturing inventories, the Commerce Department released a report on Friday showing U.S. bu... Read More


India's merchandise exports decline 2.4% in January 2025

Mumbai, Feb. 17 -- India's merchandise exports declined 2.4% to US$ 36.43 billion in January 2025 over a year ago. Meanwhile, merchandise imports gained 10.3% to US$ 59.42 billion. The trade deficit m... Read More


Economic Buzz: US retail sales slip 0.9% in January

Mumbai, Feb. 17 -- Partly reflecting a slump by auto sales, the Commerce Department released a report on Friday showing retail sales in the U.S. fell by much more than expected in the month of January... Read More


Prakash Inds commences coal extraction from Bhaskarpara Coal Mine

Mumbai, Feb. 17 -- Starting from 15th February 2025, the company began dispatching coal to its integrated steel plant in Champa, Chhattisgarh. The coal supplies from the mine are expected to bring sig... Read More