Tuesday, 30 April 2013

IOC to cut petrol prices from Wednesday

IOC to cut petrol prices from Wednesday

IOC to cut petrol prices from Wednesday

Tue Apr 30, 2013 8:24pm IST. REUTERS - Indian Oil Corp (IOC) (IOC.NS), the country's biggest refiner, will cut petrol prices by 4.5 percent from Wednesday as global prices of the fuel have declined and as the rupee appreciated against the dollar, it said in a ...
Mistry names his core team to run Tata group

Mistry names his core team to run Tata group

Setting in motion a generational change in the top leadership at India's biggest conglomerate, Tata group chairman Cyrus Mistry on Tuesday announced the formation of a new group executive council (GEC), indicating that Ratan Tata's heir wants a team that ...
ONGC strikes gas in KG basin

ONGC strikes gas in KG basin

Oil and Natural Gas Corporation (ONGC), on Tuesday, announced that it had struck natural gas in the KG basin next to RIL's D6 block. In a statement here, the company said it had found gas in an appraisal well drilled on the block KG-DWN-98/2, where it had ...
Unilever

Unilever's Expensive Indian Growth Formula

For Unilever PLC, emerging markets are a bit like toothpaste: When you can't squeeze out what you need, it's time to buy more. The consumer-products group said Tuesday it would pay €4.1 billion ($5.4 billion) for 22.5% of Hindustan Unilever, raising its ...
Indian Rupee Strengthens, Dollar Weakens Vs. Most Emerging Currencies

Indian Rupee Strengthens, Dollar Weakens Vs. Most Emerging Currencies

The Indian rupee strengthened to its highest level in two months after the government on Tuesday announced plans to lower taxes on foreign investments in the country. The dollar fell to INR53.72, down 0.82% on the day, according to CQG data. India has ...
Petronet seeks stake in GSPC

Petronet seeks stake in GSPC's LNG terminal

Petronet LNG has put in an expression of interest to buy 25 per cent stake in Gujarat State Petroleum Corporation's (GSPC) upcoming five-million tonne LNG terminal at Mundra in Gujarat, A. K. Balyan, CEO and Managing Director said here on Tuesday.
Core sector output growth falls in March

Core sector output growth falls in March

The eight core sector industries reported a slower growth in March at 2.9 per cent from three per cent in the same month previous year. This was mainly due to drop in production of natural gas and meagre growth in coal and crude oil. During the fiscal ...
Jet-Etihad alliance triggers open offer, says SES

Jet-Etihad alliance triggers open offer, says SES

The deal between Jet Airways and UAE-based Etihad Airways should trigger an open offer, says proxy advisory firm Stakeholders Empowerment Services (SES). “Jet has announced Etihad has agreed to subscribe to a preferential issue, SES is of the opinion ...
Kingfisher Airlines revival plan rejected by aviation regulator

Kingfisher Airlines revival plan rejected by aviation regulator

The Directorate General of Civil Aviation (DGCA) has rejected Kingfisher Airlines' (KFA) revival plan that it had submitted to the aviation regulator this month, NDTV has learned. Kingfisher had requested renewal of its operating permit with the help of funds ...
CCEA likely to consider IKEA proposal on Wednesday

CCEA likely to consider IKEA proposal on Wednesday

The much-awaited Swedish retail IKEA's Rs 10,500-crore proposal to set up single brand retail stores in the country is expected to be taken up by the Cabinet Committee on Economic Affairs (CCEA) on Wednesday. “The IKEA's proposal is listed for tomorrow's ...