Government will review fuel pricing scenario in October, Petroleum Secretary M S Srinivasan said on Thursday. The petroleum secretary further said, "Situation will be revisited in October when we will take stock of the scenario emerging out of international oil prices." Global crude prices touched a record $145 a barrel, which is expected to push India's oil import bill this year higher by nearly 76 per cent to $110-120 billion.
While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
'Election years tend to see high government expenditure on unproductive schemes, though that money sloshing around can boost private consumption.' 'Again, it can mean higher inflation,' explains Devangshu Datta.
Dragged down by a massive fall in the stock market, total investor wealth slumped by nearly Rs 3 lakh crore on Tuesday as shares of over 2,200 listed firms ended in the red.
If the power plants are reporting low coal stocks with them, it is largely because they have improved their power generation to meet higher demand.
CPI-based inflation on a (year-on-year) basis has come down from 8.59 per cent in April 2014 to 7.80 per cent in August 2014.
The Sensex opened with a positive gap of 95 points at 13,479
The government must expand the farm insurance cover and advice banks and financial institutions to settle crop insurance claims in the drought-hit areas without delay.
The situation is unlikely to improve in the near- to medium-term, as the crop outlook is far from satisfactory in most of the major wheat-exporting countries. Matters have got even worse because some of the other cereals, notably maize, are being diverted to bio-fuel production as a response to spiralling crude oil prices. The worst-affected, predictably, are the low-income, food-deficit countries, mostly in sub-Saharan Africa, who face 25 per cent rise in their food bill.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
There are many ways to improve a bike's power character. Here are some sure shot ways
'I would urge my Indian friends to look at how significant the overall support was.'
NTPC to be the worst hit, stock slides to five-year low on announcement.
The Union finance ministry has sought views of the Securities and Exchange Board of India (Sebi) for setting up a 'social bourse.'
The ballooning of crude prices has significantly increased the country's oil import bill and it can also lead to a worsening of the current account deficit and fiscal deficit for the domestic economy.
RIL is also set to file its tariff plans, which will mark the company's intent to commercialise Jio's operations, with the regulator this week
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Vodafone to invest 1.3-billion pounds in upgrading and expanding its network in India.
Signs of financial stress were visible when the airline reported a loss of Rs 10.40 billion.
Markets ended in green on rate cut hope.
'The day I took charge, the PM told me you do the following -- stop imports, talk to all stakeholders and involve them to make mining more industry-friendly without affecting the environment.'
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Jet Airways on Thursday blamed a steep fall in the rupee, slowdown in the domestic aviation market and rise in fuel costs for a sharp widening in standalone net loss at Rs 891 crore in the July-September quarter.
US mutual funds Valic Co 1 and Fidelity Rutland Square Trust II, which have minority stake in Flipkart, have marked down the value of their stocks in the company
Bollywood stars continue to post pictures with lovely messages on Earth Day.
The 30-share Sensex ended up 140 points at 28,262 and the 50-share Nifty was up 37 points at 8,551.
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RIL with a market cap of Rs 2,98,776 crore (Rs 2,987.76 billion) is the country's second most valued company after Tata Consultancy Services.
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
Do you think the petrol dealers are right in their demands? Or should they not go on a strike? Or is the Maharashtra government to blame for this crisis?
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
The Hero Impulse was in a massive need for power and the 223cc engine from the Karizma just adds lots of it to the bike which is now more fun to ride, writes Indian motoring website MotorBeam.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
A weak dollar in overseas market in view of the Federal Reserve's cautious stance on interest rate strengthened the rupee value.
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
Just as very high oil prices looked an anomaly in a sluggish world, so now do record high equities.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
