MCX said that it had settled the contract according to the formula in the contract, which has been followed for the last 15 years

Variables such as nominal gross domestic product (GDP), central bank balance sheets, or official gold reserves will remain the key determinants of gold prices.

Report points to the possibility of grains being hoarded by farmers and traders to be sold at a later date when mandi operations and logistics normalise

The mineral lobby body has appealed to the Union finance ministry to exempt bauxite exports from duties

RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year

The Rupee is finding resistance around 77.06 and upside momentum will continue above that level

The crude oil situation has made investors running for cash and dumping commodities

Earlier the strawberry growers here had to suffer losses following a hailstorm, now that the markets are shut, the strawberry produce is yet to be sold

Some farmers told ANI that they are facing problems as there is shortage of labour and they are not able to send their produce to the market due to the lack of transport facilities

Demand continues to remain high, as harvesting and shipping issues hamper supplies

Farmers hold on to stocks due to great demand for high-quality Indian produce

Normally, farmers anticipate a huge bump in demand during the February-May season due to weddings and other such occasions

Margin now fixed at 100%, with Rs 95,000 per lot as absolute minimum. So if crude falls below Rs 950, the margin will continue to be based on the price of Rs 950

Record high local prices, coupled with short-term pressure on household finances, could encourage people to sell gold

Global holdings of physically-backed gold ETFs and similar products jumped by 298 tonnes during the March quarter - the highest quarterly inflows for four years

Investment demand, though lower by 17%, was relatively better as sentiments towards equities turned negative and investors turned to gold's liquidity and safe haven status

Supplies remained unaffected and no unusual spike in prices says Mandi Chairman; 15 confirmed cases registered so far

Physical sales were very limited due to the lockdown and sovereign gold bonds were one of the few avenues available to invest in the precios metal

A disruption in supply chain means that the arrival of commodities across the nation's main mandis remained a cause of concern

For the month ahead mustard prices are expected to head towards Rs 4,400

Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200

The coronavirus cases in Maharashtra have reached 12,296, including 2,000 discharged cases and 521 deaths.

So far, initial exports are estimated to be of the tune of Rs 600 crore which is minuscule compared to the polished diamond inventory

The industry would like to commence operations at the earliest to avoid cancellation of pending orders

In value terms, April imports dropped to $2.84 million from to $3.97 billion a year ago

According to the MCX data, the share of natural gas in the total volume of the exchange has almost tripled, while that of crude has reduced by more than half

Zero making charges may not work any more; store sales to be impacted as consumers buy online

Nickel took support around 900 and then bounced back till 932

The need to close the mandi arose after confirmed Covid-19 cases surpassed 80 within the APMC itself and shot past 450 across Navi Mumbai, where this mandi situated

Students from the Muslim community received about 80 per cent of total scholarships offered under 20 Central government schemes in 2018-19, official data shows.

Many schools across Nepal have made it mandatory for students to learn Mandarin lured by the Chinese government's offer to cover salaries of teachers who teach the language, a media report said on Saturday.

Initial investigation by the CBI into the multi-crore scholarship scam reveals a deep-rooted nexus between government officials, private institutions and public sector banks to siphon-off funds meant for poorest of the poor students. Students belonging to Scheduled Castes and Minorities were also deprived of scholarships to pursue basic education.

Punjab has prohibited the sale of uniforms and textbooks in school premises, state Education Minister Inder Singla said on Saturday.

In a move to promote children's theatre in rural India, the National School of Drama (NSD) will showcase the results of its first such effort with Odisha's tribal children in the form of two plays produced in a Children's Theatre Workshop in the state.

The Delhi High Court on Monday asked the Centre and the National Testing Agency (NTA) to file their response on a plea challenging the 2019 National Eligibility-cum Entrance Test (NEET) for admissions to MBBS and BDS courses.

The Directorate General of Health Services (DGHS) on Monday informed the Supreme Court on Monday of its inability to "amicably" resolve the "stray vacancies" issue in connection with postgraduate medical courses in private medical colleges across the country. Nearly 450 seats are yet to be filled.

Even as the Yogi Adityanath government in Uttar Pradesh is trying to promote Sanskrit in a big way by issuing press statements in this language, the number of students who wish to study it is falling alarmingly.

In a sensational turn of events, four departmental heads of the Rabindra Bharati University have stepped down alleging racist slurs targeted against them by state's ruling Trinamool Congress students wing members.

All private universities in Uttar Pradesh will now have to give an undertaking to the government, saying that their campuses will not be allowed to be used for "any anti-national activity", a new ordinance says.

The Pennsylvania-based firm, which sells drop shaped bite-sized chocolate candies 'Kisses' in India, is still a fringe player in the country’s chocolate market where Mondelez controls two-thirds of the market, followed by Ferrero and Nestle.

Beverages maker Coca-Cola’s company-owned bottling partner Hindustan Coca-Cola Beverages has bucked the general trend of companies resorting to pay cuts and job cuts amid the Covid-19 pandemic, announcing 7-8% salary increment to its 7,000 direct employees with effect from April 1, 2020.

Coca-Cola said its financial contribution will be utilised for various purposes, which include activation of over 50 locations across 10 states in partnership with its bottlers to support the hydration needs of the underserved communities through distribution of beverages during the lockdown period.

Britannia Industries Ltd has launched a Store Locator service to enable consumers to find their favourite Britannia products in stores nearby.

KFC India managing director Samir Menon said: “Subdued growth in March and softness is on account of the lockdown. We continue to operate around the ongoing Covid-19 pandemic with our delivery business only amidst the lockdown situation in the country as we comply with all regulatory directives.”

“While during the early days of lockdown basic essentials got sold, with time some discretionary sales are coming back,” said Devendra Chawla, MD at Nature’s Basket and Spencer’s Retail that saw 30-60% growth in sales for cold cuts, exotic vegetables, assorted breads and cakes, cookies, international sauces, organic range of staples in last ten days.

Dairy major Amul has written to the central government requesting clarifications on claims made by local authorities, and even some factions of the Gujarat government, that consumption of chilled products like ice-cream spread coronavirus.

“There is absolutely no income coming our way due to the Covid-induced lockdown for over a month. As a result, most companies are facing the problem of paying the employee salaries in full for the month of April,” said National Restaurant Association of India president Anurag Katriar.

The maker of Saffola and Parachute oil said consumption habits are evolving due to current situation, and its new launch will help bridge the gap in kitchen hygiene. Marico had earlier entered the hand hygiene segment by extending Mediker brand.

Meanwhile, several retailers have reported an increase in sales of their private labels, which filled the gaps as supply lines from other manufacturers were disrupted.

Some large dairies across the country have reported 50-100% jump in monthly sales of cheese, butter, paneer, cream and dairy whitener in April — the month that saw offices adopting the work-from-home model to align with the government’s lockdown order and help contain the spread of coronavirus.