NEW DELHI: Trinamool Congress leader Mamata Banerjee’s outburst against her own party member and railway minister Dinesh Trivedi for raising passenger fares has demoralised state oil companies as they fear the government would not be able to raise fuel prices despite mounting losses. Senior executives of Indian Oil Corp,...
MUMBAI: Cairn India’s stock has lost some steam after seeing an excellent run-up of 60 per cent from its 52-week low of Rs 250 in August last year to its 52-week high of Rs 400.95 on this February 22. The stock is down around seven per cent from its...
KOCHI: The Petronet LNG Terminal (PLL) at nearby Puthu Vypeen is likely to be commissioned by November-December this year, a top company official has said. “Completion of the Kochi LNG terminal is on track and satisfactory. We hope by November-December we should be looking at commissioning of the terminal....
DIBRUGARH: Brahmaputra Cracker and Polymer Limited (BCPL) was set to implement the Gas Cracker project at Lepetkata in Assam’s Dibrugarh district on schedule, according to Secretary, Ministry of Chemical and Fertiliser K Jose Cyriac. “The progress of the project has improved and is now proceeding as scheduled with mechanical...
SINGAPORE: Oil prices were mixed in Asian trade today, as investors weighed concerns over a supply disruption in the West Asia and a surge in US crude stockpiles, analysts said. New York’s main contract, light sweet crude for delivery in April was up 25 cents to $105.68 while Brent...
Monetary and Liquidity Measures On the basis of the current macroeconomic assessment, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.75 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility...
Here are the highlights of the Economic Survey 2012 that will put forth the challenges that Pranab Mukherjee faces ahead of the Union Budget 2012, to be presented tomorrow. Highlights: * Growth estimated at 6.9% for the Current financial year * Growth estimated at 7.6% for FY’12 –’13 and...
HYDERABAD: Aircraft maker Gulfstream Aerospace Corp has garnered a big chunk of business jets business in the Asia-Pacific region and sees India as the next big opportunity along with China. Taking part at the India Aviation Show 2012 being held at Hyderabad, top executives of Gulfstream stated that their...
The Indian Air Force has initiated the process of inducting the Light Combat Aircraft (LCA) ‘Tejas’ and has placed an order for 40 aircraft with HAL. The Initial Operational Clearance-1 (IOC-1) for the aircraft was achieved in January, 2011. The advance version of the LCA, Tejas Mark-II aircraft is...
With industrial (IIP) growth in the April – January 12 period at 4 percent, industry needs strong easing signals from the RBI in order to ensure that investments pick up. Capital creation in the economy has been growing at a negative pace and this does not bode well for...