For now, the rupee is likely to remain dependant on global factors. The dollar held on to broad gains on Thursday after Fed chairman Bernanke said the central bank still expected to start scaling back its bond purchase programme later this year, but left open the option of altering that plan.
Saudi Arabia is insisting on 'In Kingdom' total value-addition requirements
Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production.
At present, less than one per cent of manufacturing GDP comes from automation in India.
Import duty on PVC, at 7.5%, is far lower than that prevailing in comparable economies.
Low gas prices and weakness in petchem margins lead to lower earnings estimates for GAIL.
Harvey is the most powerful hurricane to hit the United States mainland in 12 years on Saturday made landfall in central Texas coast with winds of 195 kmph.
Though the markets have lost ground since the past few sessions, analysts do not seem worried.
The dollar bond market has been a favourite for Indian firms in 2014.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
Reliance Petroinvestments, a subsidiary of Mukesh Ambani-led Reliance Industries Ltd (RIL), has approached the Securities Appellate Tribunal against the capital markets regulator, which imposed a Rs 11-crore (Rs 110 million) penalty on the company in the Indian Petrochemicals Corp Ltd (IPCL) insider trading case.
Two workers of a petrochemical plant have been killed following an explosion and a subsequent fire that ripped through the site in central Louisiana in the United States.
Almost half the overall projects costing at least Rs 150 crore (Rs 1.5 billion) are facing a time lag as on March 31. Of 558 projects, 272 were running late when FY13 came to an end, official data showed.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Iran has offered discounts on crude oil price and free shipping if India agrees to buy more of its oil.
The Aditya Birla group's decision to merge two companies, each with an existing clutch of diverse businesses, flies in the face of the accumulated wisdom regarding conglomerates, says T N Ninan.
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The mascot has gone off air now, but not before helping the Gujarat-based detergent brand script the perfect win for an underdog in the eighties.
Gross refining margins may decline sequentially but improving petro-chem margins will boost earnings
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
This is a part of the company's plan to raise $13 billion debt to fund expansion of its petrochemical production capacity and gasification project for its refining facilities to improve margins.
The company had signed a memorandum of understanding with the state government to set up the plant at an investment of Rs 30,000 crore (Rs 300 billion).
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
In its report 'Global Top Picks', Barclays expects the current bull market in global equities to continue, generating a total return of 9 per cent in 2015.
The UAE central bank will then make payments in dirhams to Iran.
RIL and BP completed the initial exploratory work on the 21 blocks, but decided to retain only four of them.
Mamata woos industry with boat ride to Gangasagar, Sundarbans
There are 30 listed PSUs in which the public holding is less than 25%.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
On Sunday, angry villagers of Leelala laid their own foundation stone - which had 'aam aadmi' inscribed as the name of the chief guest - still claiming the project was to come up in their village.
India's Iran imports rise to 276,800 bpd vs 195,600 bpd in 2013.
Goldman Sachs report says company might buy back shares.
In the last 3 months, rupee has depreciated 16% against dollar.
An industrial house bred in old-school manufacturing values, Godrej & Boyce has displayed unusual agility to become a trusted builder of advanced weaponry, discovers Ajai Shukla.
RIL's standalone net profit rose one per cent quarter-on-quarter
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
At the heart of one of the biggest transformations in India's corporate history lies a plan to offer super-fast broadband services.
'In 1981 when I had a project in Qatar, those in charge told me they would not like Indians in high positions; they felt Indians could work only as drivers, cleaners and labourers.' 'I challenged them and showed that Indians could do great work in all areas.' 'Today, in the Middle East, they insist on having Indians in all fields. Everybody believes Indians are capable, hard working and trustworthy,' Ravi Pillai, one of the most influential businessmen in the Middle East, tells Shobha Warrier/Rediff.com
Prime Minister Narendra Modi on Sudnay arrived in Tehran on a two-day visit.
