Amid concerns expressed by the Opposition on the weak rupee, finance minister Nirmala Sitharaman on Tuesday asserted that the domestic currency wasn’t “collapsing” but finding its natural course.Speaking in the Rajya Sabha, the minister said the rupee has depreciated against the dollar but its performance is still better than the currencies of India’s peers.The central bank hasn’t set an...

The Indian Gas Exchange (IGX), the only gas trading platform in the country, has received the much-awaited regulatory nod to trade in domestic natural gas. The domestic gas trading will be launched on May 16, the company said.On August 19, 2021, the ministry of petroleum authorised domestic gas producers to sell up to 500 million standard cubic metres or 10% of annual production from contract area...

Shakuntala Sharma, an apple grower from Theog in Shimla district, has a reason to rejoice. Apples produced in her orchard with natural farming technique fetched an unexpected price of over Rs 100 per kg this year. "The moment a buyer in the local market Dhamandri saw the label of 'Natural Apples' on my boxes, he instantly said he would purchase all at this price. I saved Rs 50,000-60,000 on the co...

Natural gas prices climbed 4.05 percent this week to settle at Rs 379.90 per mmBtu on the MCX after scaling a new 52-week high to touch the highest level since October 2008 during the week. The energy price jumped in three out of five trading sessions on the domestic bourse.The gas price hit Rs 400/mmBtu level for the first time on MCX and touched a high of $5.65 on the NYMEX on Wednesday but succ...

MUMBAI: Shares of Marico rose 3.1% to hit 52-week high of Rs549.50 after the company announced acquiring 60% stake in Apcos Naturals, as part of strategic investment, for an undisclosed amount.At 1210 pm, the Marico traded at Rs533 apiece, up marginally from previous close, while the benchmark Sensex was up 0.6% at 53,209.03.Fast-moving consumer goods company Marico Ltd on Wednesday announced the ...