The government is working on a plan to pass on part of the revenue loss public sector oil marketing firms are incurring on sale of liquefied petroleum gas and kerosene, to refiners, including Reliance Industries Ltd.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
The world's largest cash transfer programme has eliminated around 40 million ghost connections
Ministry to propose a new subsidy mechanism to cap upstream firms' share.
For every rupee fall against the dollar, the under-recovery will increase by Rs 8,000 crore
Indian basket at 6-month low of $49.11 a bbl
After a sharp sell-off in the past two months, overseas investors were once again seen turning bullish on Indian equities. FIIs bought shares worth Rs 63.5 billion in the past five sessions, their highest weekly investment tally in many months.
The Smart Power model is an innovative way to deliver clean energy.
The RBI has hiked repo or short-term lending rate up by 0.25 pc to 7.75 pc.
Ujjwala Yojana was launched on May 1, 2016 at Ballia district in Uttar Pradesh and has so far covered 47.3 million consumers in 715 districts
Govt targets 1 cr consumers to give up LPG subsidy.
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.
Re-instatement of 5% custom duty on crude imports will help.
The report, 'Road Ahead Clears Up for Oil PSUs', says the decline in underrecoveries, or losses oil-marketing companies incur on selling petroleum products below market price, will have a significant positive impact on both upstream and downstream public-sector oil companies.
NDA's energy plan powered UP win, but it's not a winner yet. Centre has claimed to have saved money by targeted coverage but critics say the system is not yet foolproof.
Capital inflows continued to aid the rupee's rise, although a strong dollar overseas capped the gains.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
The S&P BSE Sensex has gained 149 points to open at 25,802.
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All the 12 gram sabhas held in July-August last year had unanimously expressed opposition to the mining operation in the hills saying it would violate their social, cultural and religious rights.
New schemes allows consumers without Aadhaar to receive cash directly in their bank accounts
Govt unlikely to cut excise duties to compensate for higher global prices, say analysts.
IOC and other oil firms have been paying LPG consumers in 54 districts up to Rs 500 to help them buy a 14.2-kg cooking gas refill at market price, which is more than double of Rs 410 per bottle rate in Delhi.
More than a dozen organisations, businesses and clean energy venture capitalists have appealed to US President Barack Obama to collaborate with Prime Minister Narendra Modi to develop a "Power India" initiative.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
In a move that will give cooking gas consumers more choice, state oil marketing companies have started selling mini 5-kg LPG cylinders at subsidised rates.
Government is also will also enter into an agreement with Japan for a $50 billion swap.
Asian shares ended higher after a string of positive US economic data.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
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