The staggered increase in kerosene rate may not have the same impact of freeing up the fuel price as for diesel.
Revenue was also boosted by robust growth in retail business which recorded a 73.6 per cent increase to Rs 11,571 crore
The country saw two straight years of deficient monsoons.
Foreign brokerage Goldman Sachs on Monday said it expects new Finance Minister Arun Jaitley to peg the fiscal deficit target for FY15 at 4.3 per cent, up from the 4.1 per cent stated by his predecessor P Chidambaram.
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
Steep taxes on petrol and diesel add to the cost of economic activity and reduce the Indian economy's competitiveness. The two fuels must be brought under GST's purview, suggests former IAS officer Ajay Shankar.
The strength of the plug-in hybrid lies, among other factors, in the perfect synchronisation of electric motor and combustion engine, which makes itself apparent in maximum efficiency and dynamics on the road.
The minister wants maximum use of alternative fuel in rail operations.
Donald Trump denied it. Hillary Clinton avoided saying it. But the Climate Change crisis is frighteningly real, says Sunita Narain.
Scooters, once the fastest growing sub-segment, also declined for the second consecutive month in September.
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The CPI(M) on Thursday slammed the Planning Commission estimates on poverty levels in the country, saying these made "a mockery of life and death struggles" of the people, amidst continuous rise in prices and "massive" slashing of subsidies for the poor.
Assocham expressed concern over the precarious situation that the manufacturing sector is in, observing that if the trend does not reverse with monetary and fiscal measures it would be difficult for the industry to generate jobs.
Godrej and Big Bazaar have stood out in the consumer goods and service spaces by acing the challenge of aligning innovation with outcome.
According to the report, the generation projects envisaged for completion by 2018-19 need to be given priority in fuel linkage.
China is slowing down, Europe is barely afloat and the US is meeting a larger chunk of its own demand.
Reviving stranded gas-based power plants and substituting diesel usage is a clear near-term opportunity.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
When oil prices collapse from $110 to $45, economic agents in India experience a large income windfall.
Weight loss might not necessarily mean that you have lost the excess fat as well, says Jitendra Chouksey.
Prices are likely to rise further as demand grows in coming months due to festivals
Prices of petrol were reduced 32 times and increased 21 times while diesel prices were slashed 19 times and raised 28 times since 2013.
'The people of India have not only challenged the ruling dispensation with the constitution, they have also opened the eyes of the leadership that sits in the Opposition.'
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
The revision will do little to help the Congress party-led ruling alliance, which faces an uphill battle in elections due by May amid allegations of economic mismanagement, corruption scams and high inflation.
Reliance reported record pre-tax profit from its retail and telecom businesses. The two now account for nearly 32 per cent of EBITDA, up from close to 25 per cent previously.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
Britannia, which is celebrating its centenary year in 2018, will first look at expanding its dairy and bakery businesses, before turning its attention towards new food categories. The attempt is to become a total foods company, as it eyes a well-rounded presence in the market.
IOC, the key importer of petrol, has sought almost 700,000 tonnes for March-September delivery.
Fall in both WPI and CPI inflation to pressure RBI, say analysts
Echoing Prime Minister Narendra Modi's views that improving the health of financial markets alone cannot fuel growth, G20 business leaders on Friday said vigorous efforts should be made to go beyond fiscal and monetary policy to kickstart world economy and create jobs.
Beside flying squads from RTOs at different points on highways, challans are imposed without any reason. The situation is especially difficult in states like Uttar Pradesh, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, and Andhra Pradesh.
'If every city had the strongest tools that are currently available only to a few, the world's climate prospects would glow far more brightly.'
The government has initiated a process to define standards and guidelines for electric charging stations.
Market linking of petrol and diesel prices has helped the industry.
Balbinder Singh Dhami, who has played an inspector, for over a year, in The Zee Horror Show, took on the role of a witness on Monday. It was a part he had no experience of.
Auto major Mahindra launches yet another SUV, and Rajesh Karkera/Rediff.com puts its through the paces.
Saudis are interested in expanding their relationship with India, given it is becoming the main driver of crude demand growth in Asia
The Apache manages to strike a great balance between outright performance and everyday usability. To top it off, the build quality is absolutely top-notch and the bike looks absolutely drop-dead gorgeous.
This could be the reason why Prime Minister Narendra Modi mentioned tomato, onion, and potato as his government's 'TOP' priority, in an election rally on February 5 in poll-bound Karnataka.
While an import duty is ruled out, a small excise duty on jewellery manufacturing can be on the cards.
