New Delhi: Jet fuel prices were on Wednesday cut by 5.3 per cent, the second steep reduction in rates in one month. Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,545.94 per kilolitre (kl), or 5.35 per cent, to Rs 62,649.95 per kl, according to Indian Oil Corp, the nation's largest fuel retailer. The reduction in rate, made possible due to declining international oil prices, came...
09:17 PM, May 01, 2013
New Delhi: Smartphone maker BlackBerry launched a plan offering all its services for Rs 129 per GB in 15 mid- and low-revenue generating circles, including Uttar Pradesh, Tamil Nadu and Rajasthan, targetting a deeper penetration in these regions. The monthly plan would be available on the network of Aircel, Idea Cellular and Vodafone, BlackBerry India's Director for Commercial Relationship, Hitesh Shah told PTI. However, in metros and top four telecom...
10:45 AM, May 01, 2013
As prices of petrol go down by Rs 3, people say they are happy with the reduction. ...
09:43 AM, May 01, 2013
New Delhi: The price of non-subsidised LPG cylinders was cut by Rs 54 per bottle on Tuesday. The move came just hours after petrol price was slashed by Rs 3 per litre, effective from midnight. On April 1, the price of non-subsidised cooking gas was reduced by Rs 3 per cylinder in line with fall in international rates. The government had in September 2012 fixed a quota of six subsidised...
11:35 PM, Apr 30, 2013
Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
10:54 PM, Apr 30, 2013
In a damning indictment of the UPA government, the Supreme Court on Tuesday came down hard on the UPA for interfering in the CBI's probe into coal allocations. ...
09:34 PM, Apr 30, 2013
New Delhi: In a welcome relief, the petrol price was slashed by Rs 3 on Tuesday evening, effective from midnight. The petrol price was slashed as crude oil became cheaper in international market. Earlier reports had suggested that the petrol prices may be slashed by up to Rs 2 effective from May 1. Following are the revised prices of petrol in four metros, effective from midnight. Delhi Rs 63.09, Kolkata...
07:49 PM, Apr 30, 2013
New Delhi: Oil companies may slash petrol prices by up to Rs 2 per litre from May 1, sources said on Monday. The sources said that the clarity on the monthly revision of petrol prices was expected on Tuesday. Petrol price were last cut by Rs 1 per litre on April 15, the third reduction in a month. Earlier in April, the price was reduced by 85 paise per litre....
05:53 PM, Apr 29, 2013
Hyderabad: Andhra Pradesh government on Tuesday fixed the benchmark price for purchase of solar power at Rs 6.49 per unit. The Cabinet Sub-Committee on Power fixed the benchmark price at its meeting on Tuesday. The state government has invited bids from interested parties for generating solar power in view of the unprecedented electricity crisis. "We hope to finalise the bids within a month now that the price has been fixed,"...
02:23 AM, Apr 24, 2013
New Delhi: Tracking a firming trend overseas as investors increased physical purchases, gold prices rose by 0.25 per cent to Rs 26,429 per 10 gram in futures trading on Tuesday. Besides covering-up of short positions by speculators fearing further rise, firm demand in the domestic spot markets also influenced gold prices. At the Multi Commodity Exchange, metal for delivery in June contracts gained Rs 63, or 0.25 per cent, to...
12:15 PM, Apr 23, 2013
Chennai: The Madras High Court on Monday set aside a single Judge's recent order restraining oil marketing companies from charging higher price for diesel sold to state transport corporations in Tamil Nadu. Earlier, the High Court had restrained the Centre from charging higher diesel price from transport corporations in Tamil Nadu. The petition filed by the Petroleum Ministry had contended the single Judge ought not to have entertained the petition...
12:09 PM, Apr 22, 2013
New Delhi: The government may take a final decision on Monday on blending of prices of imported coal and domestically-produced fuel or price pooling of coal. "The Cabinet Committee on Economic Affairs (CCEA) may meet on April 22 to discuss coal price-pooling," a government official said. Price-pooling is the averaging of prices of domestic and imported coal to get a uniform feedstock price. Finance Minister P Chidambaram had earlier said...
01:25 PM, Apr 21, 2013
New Delhi: Taking positive cues from the global market and rising physical demand in spot markets at prevailing levels, gold continued its recovery, rising by nearly one per cent to Rs 26,069 per 10 gm in futures trade on Saturday. Besides, covering-up by speculators who had created huge short positions, also helped gold to trade higher at futures trade. At the Multi Commodity Exchange, the most-active delivery in June contracts...
04:30 PM, Apr 20, 2013
Singapore: Gold slipped as much as 2.7 per cent on Thursday as losses in other markets, prospects for easing inflation, and worries about central bank sales drove investors to sell bullion to raise cash, undermining the metal's status as a safe-haven investment. The sharp drop in prices triggered a spate of buying in gold bars, coins and nuggets in Asia, but persistent selling in US bullion futures overshadowed the pick-up...
12:35 PM, Apr 18, 2013
Boston: Vowing to deliver on the fiscal roadmap, Finance Minister P Chidambaram has expressed confidence that elections are not a hitch in carrying out reforms including fuel price adjustments. Addressing an investor meet hosted by Citi Group in Boston, he said while fiscal deficit will be reduced by 60 basis points each year, the current account deficit (CAD) will be narrowed by raising exports. Citi said in a note after...
06:16 PM, Apr 17, 2013
Mumbai: Gold futures in India, which hit the lowest level in more than 18 months on Tuesday, may stage a recovery as key technical indicators point to the yellow metal entering oversold territory, according to analysts. Gold in India, the world's biggest buyer of the metal, has shed 21 per cent from the record high of Rs 32,464 for 10 grams struck in November, spreading panic among investors and importers....
03:10 PM, Apr 16, 2013
Singapore: Gold plunged to a more than two-year low on Tuesday, extending a brutal sell-off that is likely to persist amid fears over central bank sales and global growth, while investors frustrated by the metal's lacklustre performance dumped their holdings. Bullion posted its biggest ever daily drop in dollar terms in the previous session and is now down about 20 per cent so far this year, after stellar gains over...
09:00 AM, Apr 16, 2013
Gold prices have slipped in the past six months and the near-term outlook is bearish. Why is the yellow metal losing its sheen and is it time to dump the metal from your portfolio? ...
11:24 PM, Apr 15, 2013
New Delhi: Petrol price were on Monday cut by Rs 1 per litre with effect from midnight, the third reduction in rates in the last four weeks. Earlier in April, the price was reduced by 85 paise per litre. The price cut, which was made possible because of fall in international oil prices, excludes local sales tax or VAT. However, there will be no change in diesel prices even though...
07:00 PM, Apr 15, 2013
New Delhi: Gold futures prices on Monday fell by 2.95 per cent to trade at a fifteen-month low of Rs 27,100 per ten gram as speculators engaged in offloading their positions after the precious metal dropped to a two-year low in overseas markets. At the Multi Commodity Exchange, gold for delivery in June fell sharply by Rs 825, or 2.95 per cent, to Rs 27,100 per 10 gm, the lowest...
11:18 AM, Apr 15, 2013
