The global economic downturn has seen the reversal of fortunes for refiners with margins coming under severe pressure as fuel demand dropped in major markets in the US, Europe and South East Asia.
Meanwhile, Congress president Rahul Gandhi took a swipe at the Modi government and Anil Ambani over the Rafale issue, saying that in order to bag India's biggest defence contracts one has to be a "defaulter of Rs 45,000 crore" and have "no relevant experience".
The Biju Janata Dal MP from Dhenkanal says crime will come down if cannabis is legalised.
The mishap occurred during a sortie as part of the rehearsal for AeroIndia.
'Electricity, better roads and uninterrupted water supply are problems for everyone in India, not Muslims alone.' 'Regional parties are solving these problems much better. And for that reason, Muslims favour regional parties.'
How Bajaj, Colgate, Raymonds, Zee lost out.. Strategic errors have hurt many companies, says adguru Sandeep Goyal.
While green shoots are beginning to emerge, with June sales rebounding to pre-Covid levels thanks to a rural revival, most FMCG chief executives have voiced concerns about localised lockdowns that began in July and have extended into August in some states.
'The cow can always be the CAUSE.' 'Cause for murder. Cause for setting India's people against each other.' 'Not recognising the fact that this can tip the country into an unending spiral of civil strife and set the much-vaunted 'India story' back by years is the ultimate stupidity of all,' says Shuma Raha.
Communalising law and order situations is fraught with danger; we need to tread cautiously. Interjecting a communal angle into what is purely a law and order issue does nobody good; it muddies the picture, fuels unrequited passion and distracts us from the core issue, says Vivek Gumaste.
Ian Chappell, Bishen Singh Bedi, others tear into the Indian cricket administration
PepsiCo India's new CEO admits to being an ardent follower of the world's management gurus and they clearly mould his outlook.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
The fleet of 40 Sukhoi jet will undergo structural modifications at the state-run aerospace major Hindustan Aeronautics Ltd for integration of the missile on them.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
With a middle class still so small and no apparent leaps in productivity on the farm or in manufacturing on the horizon, India faces its own age of diminished expectations.
'The probability of this being a suckers' rally, where all kinds of beaten down stocks have begun to rally sharply, should be a time to be cautious and circumspect.'
Diesel in Mumbai costs Rs 79.72 per litre at IOC outlets and Rs 79.79 at BPCL outlets.
India's largest refiner, Reliance Industries Ltd, is in talks with public sector oil marketer Hindustan Petroleum Corporation for a tie-up to run the former's fuel retail outlets, closed a year earlier.HPCL has issued a limited tender to five merchant bankers to advise it on the deal.Last year, RIL closed 1,400 petrol pumps -- 900 owned by the company and the rest managed by dealers.
The Street was hoping that investors will lap up shares of high-dividend companies on optimism that their payouts will increase further, thanks to the 20 per cent tax saving. However, the trade failed to materialise as wealthy investors stayed away fearing high tax outgo, and experts raised doubts on whether companies would actually increase cash dole outs.
HAL's HTT-40 aircraft have outperformed both Swiss Pilatus planes and the IAF's performance criteria. Why then does the IAF prefer the Pilatus to the HTT-40?
'... while leaving the dirty work he orders to his subordinates.'
For the first time in seven months, state-run fuel retailers are making losses on selling diesel and together with negative returns on petrol, LPG and kerosene, the companies may lose Rs 38,700 crore (Rs 387 billion) in revenues this year.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
India needs a 1,000 more Ashoka universities, Naukri.com Founder Sanjeev Bikhchandani tells Anjuli Bhargava.
'The boy has remained so simple. Still wearing that sweater and light pants. He doesn't even have a decent pair of shoes! So much like one of us! How can we not give him another chance?' 'And what is Modi Sir doing? He changes clothes three times a day and wears designer clothes. He isn't the son of a simple chaiwallah we voted for.'
Sukhoi-30MKI fighters will be based in Thanjavur. Tejas Mark 1 aircraft will be based in Sulur. The Rafale squadron will be based in Ambala.
The action against the Lucknow passport officer was a hasty reckless decision taken by an establishment playing to the gallery to appease the pseudo-secular elite of the country, the Lutyens Delhi lobby intent on discrediting the Hindu identity, and an action that blatantly violated the basic tenets of justice, argues Vivek Gumaste.
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
The BJP could win only 16 out of 57 seats where Shah campaigned.
The reason is believed to be a 19% increase in interest cost.
Air Chief Marshal B S Dhanoa said that no country in the world is facing the kind of grave threat that India is confronted with.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The regional players are outrightly opposed to the idea, while MNCs are looking for procedural changes that, they say, will align the labelling criteria with global practices.
The Rs 3-trillion West Coast or Nanar refinery has all the potential to become India's flagship petrochemicals project, with the planet's largest oil producer Saudi Aramco as its biggest shareholder. Yet the locals don't see the plant as a harbinger of better times.
The company no longer sees the London listing as necessary to access capital and the deal will simplify Vedanta's corporate structure.
In the crazily complex cauldron that is India, where caste, community, class and cash are just the primary ingredients, no one has yet come up with a fool-proof method to ascertain how voters make up their minds, on which button to press, in the privacy of their 'confessional' booths, notes Krishna Prasad.
On a visit to India in 2013, writer Ved Mehta -- who passed into the ages on Sunday January 10, 2021 - gave Rediff.com's Vaihayasi Pande Daniel a rare glimpse into his state of mind and what he thinks of the changes he encounters in his motherland.
The entire series consists of the shorter format of cricket, which draws more audiences.
The tunnel, bypassing snow-bound upper reaches, will reduce the journey time by two hours and provide a safe, all-weather route to commuters travelling from Jammu and Udhampur to Ramban, Banihal and Srinagar.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances