Oil prices hit two-and-a-half-year highs in Asian trade on Friday as violence continued to wrack the Middle East and threatened to spread to other bigger oil producers in the region, analysts said.
Hit by a massive sell-off in stocks of various group companies, Reliance Anil Dhirubhai Ambani Group today said it is a victim of a bear cartel that has caused a market value loss of over Rs 3 lakh crore (Rs 3 trillion) across the infrastructure sector in the past two weeks.
Stone pelting in Kashmir valley appears to be fast turning into a lucrative 'business' for some unemployed youths offering this 'service' for a price.
Corruption has become as way of life across the world, costing global economies billions of dollars every year.
The Comptroller and Auditor General slammed the army for the poor quality of food items supplied to troops in Jammu and Kashmir and the northeast on Tuesday, noting that the rations had rotted in some cases.
An intense thriller that sheds light on the deadly war between powerful drug cartels and the police.
The statements made by witnesses in the Central Bureau of Investigation's chargesheet in the Scarlett Eden Keeling case has exposed the underbelly of drug cartel run in Goa through beach shacks. British teenager Scarlett Eden Keeling was found dead at Anjuna on February 18, 2008.
An underworld don, who is languishing in a maximum-security British jail, has been using Facebook to run his drugs and organised crime empire and intimidate his enemies. Colin Gunn, one of the Britain's most dangerous gangsters, has been able to correspond freely with up to 565 'friends' on the social networking site for the past two months.Gunn, who is serving a 35-year sentence for conspiracy to murder, is said to be still running his drugs and organised crime cartel.
Mexican officials allowed cameras to glimpse inside the safe house where El Chapo was hiding before his arrest on January 8, 2016.
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
The U.S. Federal Bureau of Investigation and others have been investigating whether Texas billionaire Allen Stanford was involved in laundering drug money for Mexico Gulf cartel, ABC News reported on Wednesday, citing federal authorities.
On the eve of the crucial Nuclear Suppliers Group meeting in Seoul over India and Pakistan's membership in the elite group, Pakistan's former permanent representative at the United Nations in Geneva Zamir Akram has said that Islamabad was only opposed to the "exclusive membership" of India.
Gurupreet Kaur, who was a month shy of turning 7, was found dead by the US Border Patrol officials 27 kilometres west of Lukeville, Arizona, after her mother left her with other Indian migrants she was travelling with to go in search of water.
Tottenham Hotspur's bid to break up the Premier League's big-four cartel suffered a hefty setback on Saturday when they lost 1-0 at home to Stoke City courtesy of an 86th-minute goal by Glenn Whelan.
A summary of sports events and persons who made news on Thursday
Analysts forecast the fuel at $85 a barrel in 2015 and $90 a barrel in 2016; politics, demand-supply to pressure crude.
CCI is India's competition regulator. The undertaking will be a part of the CCI's proposed 'competition compliance' programme.
Admitting a report of MRTPC's investigative unit DGIR, a Bench of the quasi-judicial body, headed by Justice O P Dwivedi, issued 'notice of enquiry' and started judicial inquiry against these operators for cartelising and increasing prices of telecom services simultaneously. Admitting a report of MRTPC's investigative unit DGIR, a Bench of the quasi-judicial body, headed by Justice O P Dwivedi, issued 'notice of enquiry' and started judicial inquiry against these operators.
NRI owned pharma firm Goldshield shelled out 1 million pounds as it was accused of being a part of the cartel fro price fixing.
Several Ahmedabad-based stock brokers are playing a key role in arranging dummy investors. The 'investors' apply for their full quota of shares. After allotment, they transfer the shares to the accounts of the brokers fronting for the operators in exchange for a 2.5 per cent commission.
India has asked oil cartel Organization of the Petroleum Exporting Countries to raise crude oil production to stem the relentless rise in international oil prices that have threatened to derail import dependent economies such as India.
Global crude oil prices slipped below $45 a barrel in early Asian trade on Monday after the Organization of Petroleum Exporting Countries cartel decided not to cut production.
After a day-long meeting on Thursday, delegates to the 45-member nuclear cartel expressed optimism over a consensus to end the country's three-decade long nuclear isolation by Friday. "We are close to a consensus. There may be a statement for the Press on Friday," a western diplomat, who refused to be identified either by name or country, said after the delegates considered a revised US draft waiver at the conclusion of 2nd session of the opening day of the two-day meeeting.
International crude prices, which rose to a historic high of over $147 a barrel in July last year, have slumped to four-year low of around $37 per barrel, prompting fears that companies may not invest in new fields. Several oil companies have put on hold investments in small and marginal fields and in difficult and frontier areas following the sharp dip in prices as current rates give a negative rate of return on the huge investments required.
Crude oil prices continued to retreat on Thursday, in spite of Opec announcing the largest supply cut in the cartel's history on Wednesday in its latest effort to stabilise the market.
Anil Ambani severely criticised the attitude of GSM operators and raised the issue of returning the extra spectrum again.
Hinting at hard measures like further ban on exports to control rising prices, Finance Minister P Chidambaram has said inflation is also being stoked by cartel like behaviour in some sectors of Indian economy. Noting that soaring prices of rice and other basic food items are a matter of worry, Chindambaram said inflation is also being stoked by a mismatch of supply and demand and by cartel-like behaviour in some sectors of the economy. Export bans in steel were considered.
The Third OPEC Summit on its closing day on Sunday is likely to announce a fund, which will have contributions from energy consuming countries and oil producers, to provide technological support for reduction of the environmental impact of fuel use, OPEC officials said.
With crude oil flirting with the $100 a barrel mark, world's largest oil producer Saudi Arabia is emulating marketing savvy West to showcase oil cartel Organisation of Petroleum Exporting Countries in a new light when it organises the third OPEC Summit in Riyadh this week.
Scarlette Keeling's mother, Fiona, had last week expressed fears of threats to her life from the drug cartel as according to her, she had exposed the drug trade in the state. Fiona, who had initiated the struggle against the police system and subsequently exposed the police's lethargy in the probe in Scarlette's death, had written a letter to the police seeking protection.
When the Monopolies and Restrictive Trade Practices Commission shot off notices to 14 cement producers on July 25 for allegedly colluding to raise prices, it was New Delhi's latest flank against the industry.
If the fishermen were not allowed to fish in their traditional areas (Katchatheevu), they would be left with no other alternative except to commit suicide like distressed farmers, they said.
The prime focus of the hearing is to review the findings of International Institute for Strategic Studies about the Khan cartel
The consumer affairs ministry has assured the pepper and jeera traders that it would look into their demands.
The rupee had shed 9 paise to end at 64.13 on Friday.
OPEC's move to cut output has pushed up oil prices. From here it could go either way: oil could reach $100/barrel or an analysis of demand and supply might follow, say Abheek Barua & Bidisha Ganguly.
Apart from this, state refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic market.
Concerned over the sharp crash in the stock market, industry chamber Assocham on Monday sought a probe by the Reserve Bank of India and Securities and Exchange Board of India into the cataclysmic fall.
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