TEXT: President Patil's last address to Parliament

President Pratibha Patil on Monday addressed Parliament for the last time as President when she flagged off the Budget session. Here's the text of her speechHonourable Members I welcome you to this......

Russia becomes India's premier oil supplier but Saudi is not losing sleep

A few years ago, when top officials of Indian state-run refiners went to Dubai to negotiate a crude oil supply contract, a senior official from state-owned Saudi Aramco told them, “We can......

BPCL to sell Numaligarh refinery stake for Rs 9,876 cr

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Monday said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India......

Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal

Going by the current market cap of Rs 83,451.15 crore, 7.33 per cent stake in BPCL is expected to be valued around Rs 6,117 crore. The management of Bharat Petroleum Corporation (BPCL) on Monday......

Petrol, diesel prices depend on govt, not crude rate!

'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue......