With Indian Oil, Hindustan Petroleum and Bharat Petroleum projected to lose Rs 200,000 crore (Rs 2,000 billion) in revenues on sale of petrol, diesel, domestic LPG and kerosene below import cost, industry sources said a hike in the range of
It is not just Bollywood stars who are consumed with anxiety on Fridays, the time for new movie releases, even Finance Minister P Chidambaram is gripped by uneasiness on the day that sees release of inflation data.
Finance Minister P Chidambaram said on Thursday he had asked for withdrawal of the SBI circular on stopping loans for purchase of tractor and other farm equipments, as it was poorly worded and not justified. State Bank of India on
Stating that India is not witnessing a slowdown in investment, Confederation of Indian Industry president K V Kamath said on Thursday that the country would continue to grow at a healthy rate of 8.6 per cent for the next five
The index moved in a range of 242 points between 16,863 (low) and 16,105 (high) before finally settling with a loss of 336 points at 16,907. The market breadth was negative - out of 2,791 stocks traded, 1,040 advanced, 1,684
Given a certain amount of patience, inflation will come down in 3-4 months significantly," he told reporters on the sidelines of an Assocham conference on 'India Inc -- Vision 2020'. Prevailing uncertainties in the economy would have resolved themselves by
The Sensex, which had lost 81.40 points in previous trading, fell further by 204.76 points at 17,230.18, after touching low of 17,136.26 and high of 17,367.13 points. Similarly, wide-based Nifty of the National Stock Exchange dropped by 52.75 points at
In fairly active trade at the Interbank Foreign Exchange (Forex) market, the domestic currency opened sharply lower at 42.72/74 a dollar from overnight close of 42.60/61 and later dropped further at the fag end to settle the day at 42.83/84
The circular is withdrawn with immediate effect," SBI Chairman O P Bhatt said in a terse statement issued in Mumbai. The decision follows protests from political parties and farmers' bodies against the lender's earlier decision to freeze loans for purchase
Over 60 per cent of service providers, the highest of all BRIC countries, expect an increase in business activity levels. Growth of activity would be supported by an anticipated strong rise in volumes of incoming new businesses. About 56 per
Jeffrey Protheroe, Regional Business Director, Graphic Communications Group, said that India is among the three critical markets of the company where they want to expand. The other two countries are China and Japan. Protheroe said that 75 per cent revenue
In two almost simultaneous statements, Severstal matched Essar's $17 a share offer for Esmark, while the board and top management of the target company endorsed the Indian bid despite the opposition of United Steelworkers (USW)- the umbrella organisation of steel
In Asian morning trade, New York's main oil futures contract, light sweet crude for July delivery, rose to touch USD 135.04 a barrel before easing to USD 134.87. The benchmark futures contract had closed a whopping USD 4.10 higher at
There is absolutely no move to restrict or ration supplies of any fuel," Petroleum Minister Murli Deora told reporters. The government, he said, has not issued any direction to any of the oil marketing companies -- Indian Oil, Bharat Petroleum
Seven engineering students from Rayat Institute of Engineering and Information Technology, Ropar on Thursday claimed to have developed a concept car with an amazing mileage of 250 km per litre after putting in five months of hard work.
We are also very much aware of the proposal to explore the possibility of extending and transporting natural gas. We do not know the details. We do not know whether it is feasible or not. But once issues are clearer...
About 60 per cent of BRIC (Brazil, Russia, India and China) nations anticipate a rise in business activity whereas only two per cent expect a decline. These are the findings of the latest Business Outlook Survey conducted in April by
The Heritage School, Adamas International School and Calcutta International School have expressed the desire to have their teachers take the Cambridge International Diploma for Teachers & Trainers.
