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Videocon plans $2.5 billion Brazil oil and gas investments
Published on Saturday, July 4, 2015 10:36 AM

LONDON  - Videocon Industries Ltd  plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy to boost the business.

"Brazil oil finding is four times higher than the largest oil field in India ... It's just (the) beginn ...

Videocon plans $2.5 billion Brazil oil and gas investments
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Oil slides in thin trade on rising U.S. rig count
Published on Saturday, July 4, 2015 10:54 AM

By Nia Williams

Oil prices dropped on Friday as a rising U.S. rig count stoked more concerns about global oversupply while an investigation by Chinese regulators into suspected stock market manipulation further unsettled the market.

A sharp move lower in late-morning U.S. trade was exacerbated by thin liquidity, with many U.S. market participants off for the ...

Oil slides in thin trade on rising U.S. rig count
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Crop sowing accelerates on surplus monsoon rains
Published on Friday, July 3, 2015 6:08 PM

MUMBAI- Ample monsoon rainfall in June accelerated planting of main crops such as rice and cotton, government data showed on Friday, though the current dry spell could slow down the pace of sowing in coming weeks.

Weather officials forecast monsoon rains would remain subdued in large parts of the country in the first half of July.

Good rainf ...

Crop   sowing accelerates on surplus monsoon rains
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Copper rises on strong US data, declining stocks
Published on Friday, July 3, 2015 4:50 PM

Copper prices rose by 0.24 per cent on Friday at the domestic market after the rate of unemployment in the US last month fell more-than-expected signaling improving labour market in US, world’s largest economy which bolstered the demand outlook for the industrial metal. In a report, the US Department of Labor said the unemployment rate fell to a seasonally adjusted 5.3 per cent, from 5 ...

Copper rises on strong US data, declining stocks
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Bullish stockpiles data lifts Zinc futures
Published on Friday, July 3, 2015 4:44 PM

Zinc futures rose by 0.12 per cent to Rs 128.75 per kg today due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 1325 metric tonnes to 463400 metric tonnes as on July 3, 2015. Zinc futures for July 2015 contract, at MCX, were trading at Rs 128.75 per kg, up by 0.12 per cent after opening at Rs ...

Bullish stockpiles data lifts Zinc futures
79734
Lead dips on subdued domestic demand
Published on Friday, July 3, 2015 4:09 PM

Lead prices fell by 0.35 per cent on Friday at the domestic markets as a result of subdued demand from battery-makers and other consuming industries at the domestic spot market as well as a weak trend at the overseas market. At the MCX, Lead futures, for the July 2015 contract, is trading at Rs 112.65 per kg, down by 0.35 per cent, after opening at Rs 113.05, against a previous close of Rs 1 ...

Lead dips on subdued domestic demand
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Mentha oil up on bullish industrial demand
Published on Friday, July 3, 2015 3:07 PM

Mentha oil prices rose by 0.55 per cent to Rs 1,063.60 per kg in futures trade today as speculators created fresh bets, driven by pick-up in demand from consuming industries. Besides, restricted arrivals from Chandausi in Uttar Pradesh supported the upside. At MCX, Mentha oil futures for July 2015 contract, at MCX, were trading at Rs. 1063.60 per kg, up by 0.55 per cent after opening at Rs. ...

Mentha oil up on bullish industrial demand
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Gold prices in India at deep discounts on sluggish demand
Published on Friday, July 3, 2015 3:03 PM

By Rajendra Jadhav and A. Ananthalakshmi

MUMBAI/SINGAPORE  - Gold prices in major consumer India were quoted at deep discounts to the global benchmark this week on tepid demand and adequate levels of inventory, dealers said.

Prices were quoted at a discount of $8 to $15 an ounce over London prices, much wider than the $1 discount in mid ...

Gold prices in India at deep discounts on sluggish demand
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Silver Bulls roar on Greece; soft US jobs data
Published on Friday, July 3, 2015 2:26 PM

Silver prices climbed in the domestic market on Friday as weaker than expected US jobs data which showed that the American economy created fewer jobs in June and that private wages stagnated pushed back bets of a maiden interest rate lift-off by the US Fed, bolstering the lure for Silver as a store of value. Uncertainty surrounding Greece’s future ahead of Sunday’s referendum whi ...

Silver Bulls roar on Greece; soft US jobs data
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