Divestment Minister Arun Shourie, who met Law Minister Arun Jaitley in New Delhi on Thursday to discuss the ramifications of the apex court judgement
Petrol price has been cut by 58 paise a litre and diesel by 25 paise with effect from midnight tonight.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
No immediate comment was available from airlines on the impact of the price hike on passenger fares.
The movement of prices in international oil market and rupee-dollar exchange rate shall continue to be closely monitored
SpiceJet grounded all its aircraft due to payment woes
'I am a gadha (donkey)! But God has been on my side and I have managed to produce players,' Dronacharya Awardee Merzban Patel tells Laxmi Negi/Rediff.com.
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
Nifty50 surged 87 points to end at 8,157, highest closing levels since Oct 29, 2015.
Petroleum Minister Mani Shankar Aiyar on Thursday held discussions with chief executives of public sector oil companies to explore the possibility of merging BPCL and HPCL with ONGC and OIL with IOC to create two oil behemoths.
The Indian national champion will meet C. Praput of Thailand in the title round of the Asian Billiards Championship.
Indian Airlines beat Bharat Petroleum while Indian Oil beat Air India in the Super League stage of the Maharaja Ranjit Singh hockey tournament.
The CCI cueist scored his third straight win in the National 9-Ball Pool Championship.
The Petroleum Sports Promotion Board's billiards ace scored his second straight victory to enter the knock-out round in the National 9-Ball Pool Championship.
Public sector oil firms spent over Rs 800 crore (Rs 8 billion) on advertisements during the last three years with Indian Oil Corp topping the list with an expenditure of Rs 275.35 crore.
A parliamentary panel has rapped the government for bypassing Parliament in deciding to privatise oil refiners Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp
The government on Wednesday admitted that it would be difficult to realise the targeted Rs 13,200 crore from divestment due to serious constraints arising as a fallout of Supreme Court's judgement on HPCL and BPCL selloff.
'Our country does not need an NRC. We need to improve our economy which is in a bad condition.'
The government is studying the impact of Supreme Court verdict in HPCL-BPCL case on the divestment process of Shipping Corporation of India in which some companies were merged through an Act of Parliament or by way of ordinance.
Consequent to the Supreme Court's verdict on HPCL, BPCL divestment the government is understood to have halted the sale of its residual equity in privatised companies like Videsh Sanchar Nigam, IBP and IPCL.
Bharat Sanchar Nigam Ltd Employees Union on Friday extended support to the proposed indefinite strike of employees of public sector oil companies against privatisation of HPCL and BPCL.
'At the best, government can go in for a review,' Attorney General Soli Sorabjee said about the Supreme Court verdict stalling the divestment of HPCL and BPCL.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
The Indian government has lifted the ban on setting up of petrol pumps and cooking gas agencies by allowing state-run oil firms to appoint dealers on their own.
The banned cricketer will play for his employers Bharat Petroleum Corporation in the 24th PSPB inter-unit cricket tournament.
What are the implications of the new players coming into the retail segment on existing companies like BPCL, HPCL and IOC? \n\n\n\n
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Asian shares ended higher following a relief rally in global equities after centrist candidate Emmanuel Macron won the first round of the French presidential election.
Ashok Shandilya of India suffered a shock defeat against Aung San Oo of Myanmar in a thrilling tie.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
Telecom monolith Bharat Sanchar Nigam Limited is the top profit-making public sector unit, while steel giant Steel Authority of India Limited had the dubious distinction of topping the list of loss making state-owned enterprises.
The government on Wednesday ruled out privatisation of Indian Oil, Oil and Natural Gas Corporation and Gas Authority of India Ltd and assured all security concerns would be taken care of while divesting public sector oil
IMF chief Horst Kohler, who is in Dubai to World Bank Group and IMF meetings, did not comment on the issue of BPCL and HPCL divestment.
Divestment Minister Arun Shourie on Tuesday said that the opinion of the law ministry and the Attorney General will be taken on Supreme Court ruling staying privatisation of HPCL and BPCL, which he described as a 'major setback' to reforms.
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