Mumbai: Corporate Affairs Minister Veerappa Moily on Friday said he is hopeful about the New Companies Bill getting passed in the Monsoon Session. "Since the Standing Committee of Parliament has concluded its deliberations on the New Companies Bill, I expect it to submit it to the ministry soon and table it in the Monsoon Session," Moily told reporters in Mumbai on the sidelines of a function on Friday. Claiming that...
11:52 PM, Jun 01, 2012
New Delhi: Petrol prices may be revised on Friday with companies talking about a scope of cutting rates by Rs 1.50-1.60 a litre. BPCL CMD RK Singh said on Thursday that prices could be cut by 1.5 to 2 rupees a litre if there is a drop in international crude prices. Indian Oil, Hindustan Petroleum and Bharat Petroleum had over the past one week indicated of a scope of reducing...
08:36 AM, Jun 01, 2012
New Delhi: Petrol prices may be revised on Friday with companies talking about a scope of cutting rates by Rs 1.50-1.60 a litre. On a day when BJP-led NDA and the Left parties called a Bharat Bandh against petrol price hike, the government appeared in no mood to announce a cut. "To my mind, there will be no revision in rates tonight," a senior official at one of the three...
09:45 PM, May 31, 2012
Bhopal: The ruling BJP in Madhya Pradesh on Wednesday claimed that Congress workers under the garb of saffron activists may create "disturbance" during the day-long nationwide bandh on Thursday on the issue of steep hike in petrol prices. "We have received credible information that some Congressmen under the garb of VHP, Shiv Sena and Bajrang Dal workers may create disturbance in major cities of the state to defame the ruling...
11:58 PM, May 30, 2012
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11:38 PM, May 30, 2012
Viswanathan Anand retained his title with a 2.5-1.5 scoreline against Israel's Boris Gelfand in a tense rapid chess tie-breaker at Moscow. ...
10:58 PM, May 30, 2012
New Delhi: With the hike in petrol prices turning to be a major political issue, the Congress on Wednesday steered clear of senior leader AK Antony's remarks that it was "not a correct step" and the oil companies should have shown some "propriety" before taking the decision. Party spokesperson Rashid Alvi refused to come out with a categorical response on Antony's remarks despite repeated questions with his refrain being, "Petroleum...
08:37 PM, May 30, 2012
New Delhi: India may come to a standstill on Thursday with the BJP-led NDA and the Left giving a call for a nation-wide bandh to demand a rollback of the steepest-ever petrol price hike. Terming it as an "anti-people" decision and a "savage attack" on the people, the NDA called for a 'Bharat bandh', while Left parties will observe the day as 'All India Protest Day' that will include strikes,...
07:03 PM, May 30, 2012
New Delhi: Defence Minister AK Antony on Tuesday slammed the UPA government for the steepest ever petrol price hike, saying it was not a correct step and that the oil companies should have shown some "propriety" before hiking the prices. "The hike in petrol price was not a correct step," Antony said, adding, "The oil companies should have shown some propriety." The UPA government is under intense pressure from even...
07:50 PM, May 29, 2012
New Delhi: The Government has finally reacted to the Reebok India fraud with Corporate Affairs Minister Veerappa Moily saying that something wrong has been found in the books of Reebok India. The minister has also said that the matter has now been referred to the Serious Fraud Investigation Office (SFIO) for further investigation. Reebok India has alleged a Rs 870 crore fraud by its former Managing Director Subhinder Singh Prem...
03:37 PM, May 29, 2012
New Delhi: State-run Oil India is looking to buy stakes in US gas driller Chesapeake Energy Corp.'s Mississippi Lime basin and ConocoPhillips' oil sand assets in Canada, its head of finance said on Monday. The cash-rich Indian explorer, whose assets in India's north-east account for its entire crude oil production and the bulk of gas production, has been aggressively scouting to bolster its overseas assets portfolio. Oil India has earmarked...
02:10 AM, May 29, 2012
New Delhi: Days after raising petrol price by a steep Rs 7.54 a litre, nation's largest oil firm Indian Oil Corp (IOC) hinted at a Rs 1.25-1.50 per litre cut in rates later this week. "We will certainly pass on any decline in international oil price to consumers," IOC chairman R S Butola told reporters in New Delhi. Oil companies revise petrol prices on 1st and 16th of every month...
06:39 PM, May 28, 2012
New Delhi: The Finance Ministry is considering raising the excise duty on diesel cars. The suggestion was mooted long back by the Oil Ministry. This came after the inter ministerial group on inflation and diesel pricing options met on Monday. However, Oil Minister Jaipal Reddy has categorically said that the government was not considering a hike in diesel, LPG and kerosene prices right now. Government sources said that the Empowered...
01:11 PM, May 28, 2012
Amid raging protests by parties cutting across the political spectrum for a partial rollback on the petrol price hike, Chief Economic Advisor Kaushik Basu has said that a rollback of any kind will hurt India's fiscal deficit target badly, leading to price increase in general. In an interview with Karan Thapar on 'Devil's Advocate', the Chief Economic Advisor said that oil price regulations had to be made in such a...
08:10 PM, May 26, 2012
Bhopal: Union Minister of State for Commerce and Industries, Jyotiraditya Scindia on Saturday said the BJP, which was strongly criticising recent hike in petrol prices, should not forget that the prices had gone up 35 times during the six years of NDA rule. When the BJP-led NDA was in power, a barrel of oil in the international markets used to cost only $ 12, Scindia said. The cost of an...
12:09 PM, May 26, 2012
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