The High Court is set to consider the plea filed by KSRTC, seeking to avail diesel at normal rates. The High Court, which had accepted the plea, had sent notices to centre and Indian Oil Corporation regarding the issue.
Indian Oil Corporation has increased the diesel prices for Kerala State Road Transport Corporation (KSRTC) once again increasing the liabilities of the state-run road transport unit by more than Rs 2 crore per month with another hike in the price of high-speed...
The Economic Survey 2013 presented in Parliament pegs the GDP growth rate at 6.1 percent to 6.7 percent. The subsidy on LPG and petroleum products will be further reduced thus causing further hardship to the common man. According to the Survey, the prices of p...
MPs have decided to initiate legal action against Indian Oil Corporation Ltd which is trying to evade responsibility over the Chala tanker tragedy. Other decisions taken in the MPs meet include granting education loans to students who deserve them, issues to b...
Finally there is some sort of a relief for the 'aam admi'. As the Indian currency appreciates against the dollar, petrol price is slashed down by 56 paise per litre from effect by October 9 midnight. Another reason for this reduction is the fall of prices of ...
As the Indian currency appreciates against the dollar, petrol price is slashed down by 56 paise per litre from effect by October 9 midnight. Another reason for this reduction is the falling of prices of the international crude oil.
The oil marketing companies may decide to cut petrol prices by up to Rs 2 per litre in the next few days, due to the falling international crude oil prices and a strengthening rupee. However, in another breakthrough, the Indian Oil has declared that new LPG co...
Market Hour features Rakesh Jhunjhunwala from RARE Enterprises, Sudhir Vasudeva from ONGC and Arup Roy Choudhury from NTPC. Jhunjhunwala speaks to Punita Kumar Sinha about the recent policy initiatives and where to put your money. Vasudeva raises the issue of ...
In this episode of Global Insights, Punita Kumar Sinha brings in Ric Deverell from Credit Suisse and Peter Fisher from BlackRock to discuss the commodities, currencies and fixed income markets. Gold and oil make up for nearly half of India's imports and there ...
Montek Singh Ahluwalia, the Deputy Chairman of the Planning Commission has come out in support of the hike in diesel prices. Montek says the if the diesel prices had not been raised, there was all likelihood of oil companies going bankrupt.
Market Hour speaks to Axis AMC's Chandresh Nigam and UBS Securities' Gautam Chhaocharia on equities and how to allocate funds, IOC's PL Goyal on the extent of losses in oil marketing companies and Standard Charterd's Thomas Costerg on the ECB. The show also co...
Nigerian pirates have reportedly hijacked a Singapore-based oil tanker with 23 sailors on board. The ship, which was hijacked off the Nigerian coast, has 22 Indian sailors on board. The MT Abhu Dhabi Star was reportedly hijacked in Lagos. The incident took pla...
One more attack on the already overburdened Indian public. The government is just waiting for the monsoon session of the Parliament to get over to raise the prices of petrol, diesel, kerosene and LPG. The story has also the rate card for the new prices that co...
Government has promised financial aid to the families of victims of the gas tanker tragedy in Chala. The cabinet meet has also decided to demand Indian Oil Corporation to offer jobs to at least one person each from the victims' families.
Saurabh Mukherjea, Head-Equities, Ambit Capital, talks to Nikunj Dalmia about the three events that will impact the market in the next few weeks. He says markets will focus on US Fed's decision on monetary easing and the government's reform announcements. Petr...
The government says oil companies' losses are to be blame for hike in petrol prices. But take a look at the reality of how your government is fooling you on reasons for hiking prices of petrol.
RS Butola, chairman of Indian Oil Corporation, remarks that the oil companies had no option but to hike the fuel prices and may cut it down if global crude cost comes down.
Indian Oil Corporation's Chairman RS Butola says oil companies had no option but to hike the fuel prices and may cut petrol prices if global crude prices drop.
The in-principle agreement of the Government to make diesel prices market-determined will present further woes for the common man who is already burdened by inflation.
With the National Housing Bank (NHB) setting aside Rs 5,000 crore for medium- and low-income housing schemes, experts discuss how this could help the real estate market.
ONGC requests government not to levy higher cess, Government expenditure has been understated in Union Budget, says Morgan Stanley, and more business news.
The Nifty slips below 5200 as traders continue to book profits on concerns that the UPA government may not go ahead with economic reforms after the disastrous show of the Congress in the Assembly elections.
Xenophobic Chennai mob beats up Andhra youth having mistook him for a North Indian. Workers across the country go on strike in demand of improved rights.