The sustained decline in the price of crude oil has reversed the trend in petroleum product pricing. Private retailers are looking to cut prices from next month, while public sector oil companies have shaved their losses on retail sale of petrol and diesel by more than half.
A price of $4.20 per million British thermal units is not viable for smaller gas discoveries, say industry experts.
The subsidy burden of upstream oil companies, Oil and Natural Gas Corporation and Oil India Ltd, have risen 42 per cent in a single quarter.
In the Railway Budget presented on February 24, the Railways had revised downwards the revenue excess estimate by nearly 65 per cent to Rs 951 crore from the earlier projection of Rs 2,642 crore.
The development of the industrial corridor will bring about a revolution in the use of green technologies.
Tusk Investment, Mauritius, a wholly owned subsidiary of private equity firm Elephant Capital, has sought approval from the Foreign Investment Promotion Board (FIPB) to acquire a 30 per cent stake in Amar Chitra Katha Pvt Ltd (ACK).
Rural retail was supposed to cash in on the prosperity of Bharat, but the storyline hasn't really gone the way big corporate houses had hoped.
Rural retail was supposed to cash in on the prosperity of Bharat, but the storyline hasn't really gone the way big corporate houses had hoped.
Seventeen coaches will be splashed with the images of Nifty, NSE's flagship index. Inside, important investor awareness messages will be given on panels, with the message being 'invest carefully'.
The petroleum ministry has put on back burner the proposal to create a national gas highway development authority, following an opposition from the Petroleum and Natural Gas Regulatory Board, which currently has the powers to authorise pipelines.
Siphoning off food and fuel meant for the poor has made India's public distribution system ineffective.
India Inc has been quick to spot the value-for-money brand promotion opportunity on radio.
Indian Railways' ambitious project of developing Dedicated Freight Corridors, conceived to change the face of its freight traffic business, is set to suffer inordinate delays due to troubles in land acquisition and various other issues.
However, storage capacity way behind even present public distribution system procurement need.
Indian Railway Catering and Tourism Corporation is set to face a decline of Rs 300 million ( Rs 30 crore) in revenues from sale of online rail tickets in the coming financial year as a result of the reduction in service charge announced in the Rail Budget last month.
Delhi may become the first state to move to direct cash pay-outs of subsidies on kerosene sold through the public distribution system (PDS). The petroleum ministry said it has "welcomed" a proposal to this effect from the Planning Commission, which acted on a plan suggested by Delhi Chief Minister Sheila Dikshit.
Ten days into the show, the country's most hyped sporting extravaganza, the Indian Premier League cricket tournament's third season , continues to clock record television viewership numbers.
"For 2010-11 and beyond, the Kirit Parikh report will be the benchmark. The report is being studied.These decisions are politically sensitive issues and have to be sustained over a period of time," Petroleum Secretary S Sundareshan told Business Standard. "It is impossible to insulate the Indian consumer against the movement in international oil prices."
The number of passengers in the suburban sector rose 1.48 per cent to 3,210.93 million between April 2009 and January 2010, from 3,164.05 million in the year-ago period. However, earnings rose around 2.5 per cent to Rs 1,441.72 crore (Rs 14.41 billion) from Rs 1,406.73 crore (Rs 14.06 billion).
The railway ministry is planning to launch 15 more Duronto Expresses in the coming budget, as the end-to-end non-stop train has caught the fancy of passengers.
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