Basic Materials


Falling crude prices helps India control fiscal deficit

* Oil cos revenue losses seen at $15 bln v/s $23 bln last fiscal

3:11pm IST

UPDATE 2-London Mining says in iron ore dispute with Glencore

Sept 22 - London Mining Plc said it would consider ending an iron ore supply contract with Glencore Plc after a dispute over payment, sending shares of the company to an all-time low.

3:05pm IST

UK's FTSE falls as Tesco tumbles

* Mining stocks also retreat on concerns over China economy

1:23pm IST

Fiji strongman sworn in after election landslide

SUVA, Sept 22 - Fiji's former military ruler was sworn in as prime minister on Monday after winning 60 percent of the vote in the South Pacific nation's first elections since he seized power eight years ago.

12:41pm IST

Gemfields swings to full-year profit

Sept 22 - Precious stones miner Gemfields Plc swung to a full-year profit as its revenue from the sale of emeralds and rubies more than tripled.

12:34pm IST
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Falling crude prices helps India control fiscal deficit

NEW DELHI - The finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 percent decline in global crude oil prices since Prime Minister Narendra Modi took charge in May.