Petrol and diesel will cost Rs 2 a litre less from Wednesday after the first excise duty cut by the Modi government comes into effect.
According to sources, Russian energy giant Rosneft or its affiliates, Saudi Aramco and Reliance Industries are in race for BPCL's three refineries - Mumbai, Kochi in Kerala and Bina in Madhya Pradesh - 16,309 petrol pumps, 6,113 LPG distributor agencies and more than a fifth of 256 aviation fuel stations in the country.
Prime Minister Narendra Modi, Odisha Chief Minister Naveen Patnaik, Union Petroleum Minister Dharmendra Pradhan and other dignitaries greeted the people on Lord Jagannath's annual car festival.
If the Modi government is going to set new benchmarks of performance, don't expect the majority of his dozen-odd ministers-who-matter with economic portfolios to be making the difference, says T N Ninan.
'Till the time the MSM and Modi don't trust one another, expect more Nirmala Sitharamans springing out from nowhere,' says Sudhir Bisht.
Despite drawing a blank in Tamil Nadu, its leaders in the state claimed they should strike roots without using a crutch at this "most opportune" time, reports Radhika Ramaseshan.
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
A consensus builder, Jaitley was regarded by some as Modi's original 'Chanakya'.
With this increase, diesel prices have touched a record high while petrol is at a 56-month peak.
BJP president and Union Home Minister Amit Shah said the prime minister shared his vision and commitment for the development of the people of Jammu and Kashmir and Ladakh region and and urged them 'to be a part of this historic journey'.
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
Chants of "Amar rahe, amar rahe, Ananth Kumar amar rahe" and "Bharat mata ki jai" rent the air as leaders paid homage and the mortal remains were consigned to flames.
Modi made a strong case for a partnership between the producers and consumers in the oil market as it exists in other markets.
Measures that will make Indian cities more organised and liveable need to be implemented to tackle the menace of pollution.
Opposition parties on Thursday launched a vociferous attack on the Centre over its handling of the farmers' agitation, callings its dialogues with the protestors 'monologues', even as the ruling Bharatiya Janata Party defended the new laws asserting that its government is committed to the welfare of peasants and increase their incomes.
Digital-pay companies see 10x growth spurt after demonetisation, report Ayan Pramanik & Shine Jacob/Business Standard from Bengaluru.
BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest.
Russian President Vladimir Putin arrived in New Delhi late on Friday night for annual summit talks with Prime Minister Narendra Modi on Thursday that is aimed at building on the already close strategic ties, particularly in the fields of nuclear energy, hydrocarbons and defence.
Full list of the rejigged Union Council of Ministers
Prime Minister Narendra Modi on Sudnay arrived in Tehran on a two-day visit.
Under-recovery or the difference between retail price and its imported cost on diesel was 8 paisa per litre in the first half of September.
'You may be an MP or an MLA; when we go to Bengal, we go as cadre.'
If one were to go by the degree of clout, Jaitley was the undoubted No. 2 in the Modi government.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
More arrests are likely in this case, being probed by the elite crime branch, in the next couple of days.
The keynote address will be given by United States President Donald Trump
Bharatiya Janata Party and Lok Janshakti Party on Thursday night stitched a pre-poll alliance with the Ram Vilas Paswan-led party returning to the NDA fold, 12 years after it quit over Gujarat riots, and it will fight seven out of the 40 Lok Sabha seats in Bihar under a seat-sharing deal.
The known unknowns in Prime Minister Modi's Saudi visit assume great significance, says Ambassador M K Bhadrakumar.
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
The Left unions want concrete action and not just 'assurances'.
Narendra Modi's stamp was written all over as the Bharatiya Janata Party announced its election campaign committee for 2014 polls on Friday including top leaders Murli Manohar Joshi, Sushma Swaraj and Arun Jaitley who will work under him.
Prime Minister Modi will continue to take the nation by surprise, catching his political opponents offguard, says Shreekant Sambrani.
Non-performers were not punished, performers were not rewarded, points out Utkarsh Mishra.
Over ten lakh devotees witnessed the world famous annual Rath Yatra of Lord Jagannath held in Puri on Sunday with fanfare, religious fervour and enthusiasm amid tight security as the practice of people climbing the chariots was stopped in a major reform initiative.
Portfolios of more than half-a-dozen ministers are expected to be changed.
A brief report card on Modi's ministers.
He dropped those perceived to be non-performers or whose integrity came into question, and also where it was felt they needed to learn a lesson or two in humility.
'They gave Nitish their votes to bring progress. But he forgot this and got involved with his own political interests. That is not done. So he was rejected.' 'Lalu is a symbol of anarchy. He is the symbol of regressive politics.' BJP General Secretary Dharmendra Pradhan discusses Lalu, Nitish, and his strategy to bring Bihar in the BJP's fold, with Vaihayasi Pande Daniel/Rediff.com
Oil Ministry felt it did not have a clear mandate to reduce rates post the January 2013 decision of the Cabinet to raise prices by 40-50 paisa a litre every month.
Modi is the first Indian Prime Minister to attend Davos meeting in about 20 years since H D Deve Gowda in 1997.
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