Indian Oil Corporation (IOC), Bharat Petroleum and Hindustan Petroleum may post a combined loss of Rs 10,700 crore in June quarter on selling petrol and diesel at rates below cost, a report said on Monday. While the raw material (crude oil) prices soared in April-June, petrol and diesel prices were not revised, leading to marketing losses which offset strong refining margins, ICICI Securities said in the report. The three state-owned oil marketing companies -- IOC, BPCL and HPCL -- control 90 per cent of the retail petrol and diesel sales in the country.
Squad drags from scene to scene like a lifeless sloth with no destination in mind, sighs Sukanya Verma.
The missile hit a sea-based target in the Bay of Bengal from the combat jet.
The attack followed a scuffle as the ousted chairman Cyrus Mistry arrived to chair the board meeting of Indian Hotels
He did not believe in any fiscal puritanism. In 2012, when it was almost certain that the government will breach the 2012-13 fiscal deficit target, he wrote that in abnormal times, abnormal measures are required to get back to normalcy.
BCCI secretary Anurag Thakur on Monday said action will be taken against team director Ravi Shastri if he is found guilty of reportedly abusing Mumbai Cricket Association curator Sudhir Naik following India's defeat in the fifth and final One-Day International against South Africa on Sunday.
The most important positive of India's stealth bull market is earnings growth across different sectors, explains Debashis Basu.
Both are finding it difficult to sell one each of their plants -- Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) -- and are finding the road blocked by employee severance snarl-ups, report Sohini Das and Shine Jacob.
In the prevailing difficult circumstances, the Congress is the only party that can provide capable and decisive leadership to the country, Kharge asserted.
The plan to phase out the Soviet-origin aircraft fleet is part of the IAF's modernisation drive and it is not related to the latest crash of a MiG-21 jet in Rajasthan's Barmer on Thursday night.
Since 1954, the Bhasins have collectively flown every aircraft in India.
Intensity, blood and gore are going to be key here.
Consumer stocks remain the biggest laggard on the bourses. The Nify50 weighting of FMCG stocks declined to a decade low of 9.9 per cent at the end of March this year, down 150 basis points from 11.4 per cent a year ago. At their peak in March 2013, major FMCG stocks, such as Hindustan Unilever, ITC, and Asian Paints, together accounted for 15 per cent of the Nifty50. But now together with automobile stocks, the consumer goods sector accounts for only 14.7 per cent of the index, down 200 basis points in the past 12 months and 37 per cent from the record high weighting of 23.4 per cent at the end of March 2014.
Leading the Opposition attack over the Adani-Hindenburg issue in the Lok Sabha, Rahul Gandhi on Tuesday linked Gautam Adani's meteoric rise to Prime Minister Narendra Modi's coming to power and said "magic" happened after 2014 that propelled the businessman from the 609th to the second spot on the global rich list.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
Journalist, social science researcher, human rights activist and Rediff.com contributor, Praful Bidwai has passed away. He was 66.
The south Asian neighbours may not share the best of relations but Pakistan would like to play their home matches in India, Pakistan Cricket Board (PCB) chief Shahayar Khan said.
The details of assets submitted by Lokesh look strikingly different when compared with the declared assets of his family on October 19, 2016.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Australia's Test side deserve credit for impressive performances in the ongoing four-match tour of India, proving wrong a host of experts and pundits who predicted a whitewash for the home side, batsman Gautam Gambhir has said.
'Religion is being deprived of its spirituality and is being used for strife and war.' 'The task right now is to keep raising a voice in favour of the 'Real Hindustan', its democracy, its composite culture, its people and their welfare.'
Even though HMT has survived for over 50 years, it failed to find a new peg to sell itself even as later entrants captured market share.
The sentiment around Indian equities remains positive and unchanged.
The Hindustan Times, whose reporter was the target a foul-mouthed tirade by Virat Kohli in Perth on Tuesday, has filed complaints with the International Cricket Council and Board of Control for Cricket in India.
Human memory about policy issues is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor 'doing business' climate, taxtortion, extortionate oil prices, and high dependence on babus and the big State that has kept the enterprise system stifled, observes Debashis Basu.
The cancer survivor talked about the emotional struggles men face when their loved one battles the life-threatening disease.
State-run aerospace behemoth Hindustan Aeronautics Ltd (HAL) on Thursday said it has received a Request for Proposal (RFP) from the Indian Air Force for basic trainer HTT-40.
The divergence shows lack of financial depth in the Indian stock markets.
An astrologer told Ramesh Menon that he was increasingly having worried parents asking him about the future of their children who were showing serious behavioural changes like lack of tolerance towards others, shunning social interaction, and even violent behaviour. They were worried because they had never ever seen such traits in their children before the pandemic.
The government, however, dismissed allegations of any kind of surveillance on its part on specific people, saying it 'has no concrete basis or truth associated with it whatsoever'.
Dipa Karmakar, who became the first Indian to make the cut for the individual vault finals in her debut Olympic Games after finishing eighth in the qualifying round, will compete for a historic medal in the finals on August 14.
The father said that the the Lashkar and the fauj was after them.
The order to kill journalist Rajdeo Ranjan, the police say, was issued from Siwan jail.
Rajasthan Royals players Ajit Chandila and Siddharth Trivedi, accused in the IPL 6 spot-fixing and betting scandal, appeared before the Justice Mudgal Probe Committee on Thursday.
India's plan to produce ethanol from second-generation (2G) sources -- mainly farm waste -- is taking time to materialise even as the government is set to dedicate to the nation on Wednesday a Rs 900-crore plant set up by Indian Oil Corporation (IOC) in Panipat. Though state-run oil companies had decided to set up at least 12 plants in 2016-17 with an investment of around Rs 10,000 crore, this will be the first unit coming on track while others are stuck in various stages owing to issues like capital expenditure, lack of feedstock, and high rates of finished products compared to traditional ethanol units. According to industry sources, three more second-generation plants are coming up.
Full-service carrier Kingfisher Airlines has sought permission from the petroleum ministry to extend the date for paying dues to public sector oil companies for aviation turbine fuel.
Cricketer Harmeet Singh, who represented India in the ICC Under-19 world cup in 2012, claimed that he got confused with the direction and ended up entering the station.
The MoD did not reveal the number of missiles procured through the latest contract.
However, this information was inadvertently revealed through an official MoD photograph that accompanied the announcement.
