Vijay Mallya-promoted Kingfisher Airlines has turned second time lucky; the state-run Bharat Petroleum Corporation (BPCL) has granted it a three-month reprieve to pay jet fuel dues. KFA owes BPCL Rs 220 crore (after adjustment of interest) for fuel dues.
Despite raising petrol prices by around Rs 2.95 a litre - the second-biggest increase in this calendar year so far - public and private retailers are losing Rs 50 crore a day on selling the auto fuel.
There are four nodes and each of these, like Dronagiri, is also formally termed an SEZ, all part of the NMSEZ.
KFA owes BPCL Rs 220 crore or Rs 2.2 billion (after adjustment of interest).
ITC Welcomgroup, The Leela and The Lalit are among those that ensure all touch-points for women travelling alone will be -- no prizes for guessing this -- ladies.
State-run Oil and Natural Gas Corporation is expecting a resolution to the contentious royalty payment issue with Cairn India --for the Barmer oil fields--before it goes for a follow-on public offer (FPO) early next year.
Though ONGC and OIL are major producers of natural gas, they currently have no presence in its retailing and marketing, a field dominated by GAIL and its joint ventures.
Ethanol blending with petrol has resumed after more than a year. Last week, sale of blended petrol started in Bangalore, Mathura and parts of Gujarat. While blending will be gradually extended to the other parts of the country, the quantity of ethanol contracted so far is insufficient to continue the programme nationally beyond eight months.
The process will start in December, but response from companies is very good.
Thanks to fewer applicants and more seats at IIMs.
Reliance Industries Ltd's legal battle over the Uttar Pradesh government's decision to impose 21 per cent value-added tax on gas is holding up supply to NTPC's two power plants and Indian Oil Corporation's Mathura refinery, despite a group of ministers making allocation to them.
During the first half of 2010, the sector topped the chart in print advertising.
The Mukesh Ambani-led Reliance Industries (RIL) has offered to buy the land of RIL fuel retailers who wish to exit its dealership. Some of the retailers have been looking to exit the dealership as they are making losses in the venture.
He still owes hundreds of crores to OMCs.
State-run Bharat Petroleum Corporation Ltd (BPCL) is planning to expand its fuel retail outlets with food courts, cinema halls and provision stores in Haryana, Punjab, Andhra Pradesh and Tamil Nadu.
RIL & Oberois to have equal shares, post-rights.
The programme that began last year has seen the list of CEOs -- who will be put under the hammer -- grow.
London Stock Exchange-listed Essar Energy Plc plans to bid for coal-bed methane (CBM) and shale gas blocks in Indonesia next month.
In what could lead to an overhaul of policy, the Union government is looking at a new sugar subsidy mechanism as part of its decontrol proposal. It plans to rope in state governments for the purchase and distribution of sugar to below-poverty-line consumers at market prices.
After briefly maintaining prices at par with public sector oil marketing companies following the June 25 price hike, private fuel retailers Essar Oil and Reliance Industries are selling petrol and diesel at a premium of Rs 0.50 to 2.50 per litre in some states.
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