Public sector oil companies are likely to incur a loss of Rs 50,000 crore (Rs 500 billion) in the current fiscal on selling fuel below cost, Indian Oil Corporation chairman Sarthak Behuria said on Tuesday.
The NSE Nifty gained 57 points to close at 4,142.
Cairn Energy of UK has secured a $1 billion banking facility to fund its Rajasthan oil field development plan.
The victims have been identified as Sanjay, 50, his wife Jyoti, 48, and their son Pawan, 21.
Mingma Sherpa was detained over the weekend for his suspected involvement in Maoist activities. He was later released.
Despite being one of the basic tenets of financial planning, diversification is often overlooked by investors.
Silver dropped by Rs 175 to Rs 34,550 per kg.
Many small-scale start-ups are operational in this space for some years now. Larger players, too, seem to have realised the potential and are now entering into the fray, mostly through acquisitions.
Subash Paul, who had fallen sick and was being taken down to safety, lost his life on Sunday night while being rescued to lower camps from near the summit point.
Srinivas Bhogle and Purnendu Maji identify the Most Valuable Players in the IPL at the end of Match 59.
Even as the Vyapam scam gets murkier, MP CM Shivraj Singh Chouhan met the family of Akshay Singh and spent 30 minutes condoling them.
Andy Murray has booked a place in the quarter-finals with a 6-4, 2-6, 6-4 win over Tomas Berdych.
India celebrated Dhanteras, the biggest gold buying festival, followed by Diwali, when scarcity of the yellow metal and high prices pushed consumers to buy silver and diamond jewellery.
FMCG major Godrej Industries Ltd will sell off its foods division to Godrej Tea Ltd, an associate company for over Rs 85 crore (Rs 850 million).
BJP chief Amit Shah had set a target of winning 22 Lok Sabha seats out of 42 seats in West Bengal.
Six people have been detained in various raids.
"Pakistan will not accept any modifications or changes to the provisions of the Indus Waters Treaty. Our position is based on the principles enshrined in the treaty. And the treaty must be honoured in... letter and spirit," Special Assistant to Prime Minister Tariq Fatemi told Dawn News.
Traders said besides sluggish demand at prevailing higher levels, a weak global trend mainly led to fall in gold and silver prices.
Traders said scattered buying by retailers amid a firm global trend, where gold climbed to six-month high, and escalating tension in Ukraine mainly boosted demand for the precious metals as a safe haven.
Traders said heavy selling by stockists against fall in demand at prevailing higher levels mainly kept pressure on gold prices.
With the demand for steel increasing in China, Indian steel industry is all set to witness significant growth in the near future.
Keeping pace with the strong economic growth, Indian companies are set to raise a record Rs 45,000 crore (Rs 450 billion) through public offer of shares in 2006 as they expand both domestically and globally.
The prime minister said the opposition's hatred against him was reaching new levels daily and they have a competition over who abused him the most.
"There have always been good young talents out there but they don't have the same type of expectation and hunger that I had when I was competing," the legendary American athlete said.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Thomas Johansson rattled off a whirlwind 6-2, 6-1 win over Stefan Koubek in the first round of the Barcelona Open
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Gold prices fell by Rs 160 to Rs 30,000 per ten grams in New Delhi on sustained selling by stockists against sluggish demand amid a weak global trend.
About 1,500 school children will take part in this year's Republic Day Parade.
Just 20 years old, Inderlal Kamalsingh Dhurve is a migrant labourer, a part-time farmer, a sole breadwinner and one of four survivors from the group that was mowed down by a goods train near Aurangabad, Maharashtra, 10 days ago, claiming 16 lives.
Oil and Natural Gas Corp is spending 93 per cent of its total capital expenditure of Rs 10,850 crore (Rs 108.50 billion) in the current fiscal on its core activities of oil and gas exploration and production, according to its chairman and managing di
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances