Petrol price cut by Re 1 per litre, diesel price stays put

	Petrol price cut by Re 1 per litre, diesel price stays put Petrol price was today cut by Re 1 per litre, effective midnight tonight -- the third reduction in rates in one month. The price cut, which was made possible because of fall in international oil prices, excludes local sales tax or VAT. After including VAT, the ...
	SC defers Sunil Mittal and Ravi Ruia summons to April 22 The Supreme Court on Monday, deferred till Thursday the hearing of the pleas filed by Bharti Airtel chairman, Sunil Mittal and Essar Group vice chairman, Ravi Ruia challenging the recent summons of the 2G trial court. A battery of top lawyers including Harish ...
	Reduce interest rates to boost investment: CII The Confederation of Indian Industry on Monday called for reduction of interest rates by 100 basis points, or 1%, in the current fiscal year by the Reserve Bank of India (RBI) to boost investment and economic growth. “It is important to reduce interest rates to ...
	Retailers expect gold prices to fall to near Rs 25000/10gm With gold prices tumbling to a 15-month low today, retailers are witnessing a surge in demand and expect up to 50 per cent spike in sales volume in this marriage season. They are also expecting prices to fall further to around Rs 25,000 per 10 grams in the ...
	Warburg Pincus Buys Stake in Auto Parts Company New Delhi — AVTEC Ltd., an Indian maker of auto parts and engineering products, said Monday that Warburg Pincus LLC has purchased a minority stake in the company. “The investment will be used to provide an exit to current investor Actis and to fund ...
	Gold imports to fall further While falling gold prices might have come handy for the government of India in managing the current account deficit (CAD), another major relief can be expected from the actual moderation in imports. According to the Bombay Bullion Association (BBA), gold ...
	Gold loan company stocks fall Shares of gold loan companies such as Manappuram Finance and jewellery makers fell sharply on Monday by up to over 13 per cent, following weakness in gold prices which hit over 15-month low. Muthoot Finance's scrip tanked 13.13 per cent to close the ...
	94% of Indian businesses plan to hire in 2013: Survey India Inc seems to be optimistic about its hiring intentions for 2013 as 94 per cent of businesses are planning to increase their headcount, according to a survey. The survey conducted by workplace solutions provider Regus among more than 26,000 ...
	Chidambaram Says India Considers Freeing Oil, Gas Prices India is considering freeing prices of oil and natural gas drilled locally from state controls in a bid to lure more foreign investment, Finance Minister Palaniappan Chidambaram said. “We are at an advanced stage -- a cabinet paper is under consideration on ...
	Tata Power Must Be Compensated for Higher Coal Costs, CERC Says Tata Power Co. (TPWR), India's biggest non-state electricity producer, must be compensated for an increase in coal costs at its Mundra plant in Gujarat state, the industry regulator said. The Central Electricity Regulatory Commission backed Tata's petition to ...