Crude oil futures again flirted with the $60 a barrel mark Friday as prices rose on speculative buying and fears of supply disruptions due to refinery glitches.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
The options include involving jewellers as collection centres, addressing of issues that banks have been facing and using domestically available gold for giving metal loans to jewellers for domestic sales.
Automobiles, banks, pharma and software firms growth drivers slowdown in cap goods, construction, power.
Winner will construct 300,000 barrels per day refinery.
The core industries, which also include coal, natural gas, refinery products and crude oil, having a weight of about 38 per cent in the Index of Industrial Production, grew at 3.7 per cent January this year.
All that happened in India in the past week, in photos.
The NSE Nifty, however, ended a shade higher by 6.65 points or 0.06 per cent at 10,442.20
The government has allowed Reliance Industries Ltd and Mangalore Refineries and Petrochemicals Ltd to sell kerosene outside the public distribution system, Petroleum Minister Mani Shankar Aiyar said on Thursday.
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Making a strong pitch before foreign investors at the World Economic Forum, Andhra Pradesh Chief Minister Chandrababu Naidu said the state offers great opportunities in areas ranging from technology to tourism to infrastructure to oil refineries.
Beijing's political risks are also escalating because of a renewed wave of public anger in many parts of Balochistan against human rights abuses by Pakistani troops deployed to crush the low-intensity insurgency in the province, the report said.
The company had entered into a pact with state run miner Odisha Mining Corporation (OMC) to source bauxite from the ecologically fragile Niyamgiri hills with deposits of around 70 million tonne.
According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.
Essar Energy CEO Naresh Nayyar tells Business Standard that in 2013, the company would focus on optimising the operations of the commissioned units and generating cash flows.
Western sanctions aimed at crippling Iranian finances by drying up buyers for its crude oil, had last year banned insurance cover to ships carrying Iranian oil.
According to an official source, the Rs 8,000-crore (Rs 80-billion) capacity expansion plan by Chennai Petroleum Corporation Ltd may get hit as European companies are reluctant to give technology licensing for the upcoming six-million tonne units.
The growth rate in September was highest since May when it was 4.4%.
The production of oilseeds is characterized by low yields and hovering around 280-300 lakh tonnes only.
But retailers say this enthusiasm, which helped push prices back up again, is faltering with some investors looking for another fall before they buy more.
