crude prices

Decision on fuel prices deferred, CCPA meet postponed


September 11th, 2012 - 7:39 pm ICT by IANS
New Delhi, Sep 11 (IANS) A decision on a hike in fuel prices was deferred Tuesday as a meeting of the Cabinet Committee on Political Affairs (CCPA), scheduled for ... Read more...

Posted in Business |

China’s non-manufacturing sector growth goes up (Lead)


September 3rd, 2012 - 1:27 pm ICT by IANS
Beijing, Sep 3 (IANS) The Purchasing Managers Index (PMI) of China's non-manufacturing sector, a key economic indicator, rose 0.7 percentage point to 56.3 percent in August, new survey results indicate.The ... Read more...

Posted in Business |

Inflation eases, but food prices surge


July 16th, 2012 - 3:12 pm ICT by IANS
New Delhi, July 16 (IANS) India's headline inflation fell to 7.25 percent in June from 7.55 percent in the previous month, putting pressure on the Reserve Bank of India to ... Read more...

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Sensex sheds early gains, down 16 points (Lead)


July 4th, 2012 - 3:09 pm ICT by IANS
Mumbai, July 4 (IANS) A benchmark index of Indian equities markets Wednesday pared early gains and was trading 16 points lower in afternoon trade on concerns over a weak ... Read more...

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Petrol prices will be raised after presidential poll: Mamata


June 29th, 2012 - 12:40 am ICT by IANS
Kolkata, June 28 (IANS) Refusing to attach much importance to the cut in petrol prices announced Thursday, West Bengal Chief Minister Mamata Banerjee alleged that the rates have been ... Read more...

Posted in Politics |

Petrol to be cheaper by Rs.2.46 a litre (Second Lead)


June 28th, 2012 - 10:45 pm ICT by IANS
New Delhi, June 28 (IANS) India's three oil marketing companies (OMCs) have decided to reduce petrol prices by a minimum of Rs.2.46 a litre, depending on states' sales taxes, from ... Read more...

Posted in Business |

Wall Street mixed on Fed’s modest action


June 21st, 2012 - 9:06 am ICT by IANS
New York, June 21 (IANS) US stocks ended mixed Wednesday on the Federal Reserve's modest monetary policy.The Fed said Wednesday that it will continue Operation Twist through the end of ... Read more...

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RBI will adjust monetary policy to spur growth: Pranab (Roundup)


June 16th, 2012 - 7:28 pm ICT by IANS
Mumbai, June 16 (IANS) Finance Minister Pranab Mukherjee Saturday exuded confidence that the Reserve Bank of India would "adjust" the monetary policy to ease macro-economic concerns of slow growth ... Read more...

Posted in Business |

Inflation rises to 7.55 percent, food prices surge


June 14th, 2012 - 2:37 pm ICT by IANS
New Delhi, June 14 (IANS) India's inflation moved up to 7.55 percent in May as compared to 7.23 percent in the previous month, mainly driven by a sharp increase in ... Read more...

Posted in Business |

Finance ministry advisor suggests small diesel price decontrol


June 13th, 2012 - 12:06 am ICT by IANS
Bangalore, June 12 (IANS) The finance ministry's Chief Economic Advisor, Kaushik Basu Tuesday favoured decontrol of diesel price in a small and intelligent way to insulate the country from spiralling global ... Read more...

Posted in Business |

Economy will turn around in 2012-13: Pranab


June 11th, 2012 - 8:11 pm ICT by IANS
New Delhi, June 11 (IANS) Finance Minister Pranab Mukherjee said Monday "necessary steps" are being taken to put India back on the growth path and the economy would turn ... Read more...

Posted in Business |

Economy will turn around in 2012-13: Pranab


June 11th, 2012 - 8:11 pm ICT by IANS
New Delhi, June 11 (IANS) Finance Minister Pranab Mukherjee said Monday "necessary steps" are being taken to put India back on the growth path and the economy would turn ... Read more...

Posted in Business |

Mamata not happy with partial rollback of petrol prices (Lead)


June 2nd, 2012 - 10:59 pm ICT by IANS
Kolkata, June 2 (IANS) Expressing her dissatisfaction over the partial cut in the petrol price hike, West Bengal Chief Minister Mamata Banerjee Saturday requested Prime Minister Manmohan Singh to ... Read more...

Posted in Politics |

Petrol price cut by Rs.2 a litre (Second Lead)


June 2nd, 2012 - 9:23 pm ICT by IANS
New Delhi, June 2 (IANS) In a partial roll-back, oil marketing companies cut petrol prices by Rs.2 a litre with effect from midnight Saturday after crude prices softened in the ... Read more...

Posted in Politics |

Petrol price cut by Rs.2.02 a litre in Delhi (Lead)


June 2nd, 2012 - 7:59 pm ICT by IANS
New Delhi, June 2 (IANS) State-owned Indian Oil Corp Saturday said it will reduce petrol price by Rs.2.02 a litre, including state levies, in Delhi from midnight Saturday. Petrol became ... Read more...

Posted in Business |

Oil tumbles on weak US jobs report


June 2nd, 2012 - 4:51 am ICT by IANS
New York, June 2 (IANS) Crude prices tumbled Friday as weak US jobs report for May, weak manufacturing data from China, and a spiralling euro zone debt crisis deepened worries ... Read more...

Posted in Business |

NDA shutdown against petrol hike Thursday


May 30th, 2012 - 10:31 pm ICT by IANS
New Delhi, May 30 (IANS) The BJP has accused the central government of increasing the petrol prices despite a fall in the global crude rates, as it stepped up ... Read more...

Posted in Politics |

Would cut petrol prices if crude prices fall: IOC


May 24th, 2012 - 9:12 pm ICT by IANS
New Delhi, May 24 (IANS) Amidst country-wide outrage over the steepest rise of petrol prices by Rs.7.5 a litre, Indian Oil Corp Thursday said it will not roll back the ... Read more...

Posted in Business |

Oil rebounds ahead of Iran talks


May 22nd, 2012 - 8:51 am ICT by IANS
New York, May 22 (IANS) US crude prices rebounded Monday after six straight days of declines ahead of another round of Iran nuclear talks May 23.The head of the International ... Read more...

Posted in Business |

Wall Street gains on Apple, Fed’s economic outlook


April 26th, 2012 - 12:56 pm ICT by IANS
New York, April 26 (IANS) The US Stocks gained broadly Wednesday thanks to strong Apple earning reports and the Federal Reserve's positive economic outlook.The Dow Jones industrial average gained 89.16 ... Read more...

Posted in Business |

Oil prices slide


March 30th, 2012 - 5:06 am ICT by IANS
New York, March 30 (IANS) Crude oil prices plunged Thursday amid rising expectations that the US and Europe will release strategic reserves.Following the US and Britain, France said Wednesday that ... Read more...

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Wall Street takes breather after Fed-fuelled rally (Lead)


March 28th, 2012 - 7:01 am ICT by IANS
New York, March 28 (IANS) US stocks retreated in choppy session and ended modestly lower Tuesday after major indexes jumped to 2012 highs in a central bank-fuelled rally.The Dow Jones ... Read more...

Posted in Business |

Fifth straight weekly loss for Sensex (Weekly Market Review)


March 24th, 2012 - 4:26 pm ICT by IANS
Mumbai, March 24 (IANS) Short covering and anxiety over the Reserve Bank of India's ability to ease interest rates next month weighed heavy on Indian equities markets as a ... Read more...

Posted in Business |

Inflation still a concern for RBI as rates left unchanged (Lead)


March 15th, 2012 - 1:24 pm ICT by IANS
Mumbai, March 15 (IANS) Containing inflation remains the foremost priority for the Reserve Bank of India (RBI), which decided Thursday to keep key interest rates unchanged in its mid-quarter ... Read more...

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Oil rises on positive data


March 14th, 2012 - 8:08 am ICT by IANS
New York, March 14 (IANS) Crude prices rose Tuesday as retail data came in positive and the Federal Reserve described the US economy as "expanding moderately".The Commerce Department said US ... Read more...

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US stocks open mixed amid high oil prices


March 3rd, 2012 - 12:00 am ICT by IANS
New York, March 2 (IANS) US stocks opened mixed Friday amid high oil prices and eurozone's crippling debt crisis.With no big economic calendar, investors Friday kept a close watch on ... Read more...

Posted in Business |

Sensex slips 477 points on high crude prices, profit booking (Roundup)


February 27th, 2012 - 7:22 pm ICT by IANS
Mumbai, Feb 27 (IANS) Rising crude prices bringing back the fear of high inflation and profit booking Monday resulted in a benchmark for Indian markets closing 477 points lower.Realty ... Read more...

Posted in Uncategorized |

US stocks edge higher on Greece hopes (Lead)


February 9th, 2012 - 8:05 am ICT by IANS
New York, Feb 9 (IANS) US stocks edged higher Wednesday as investors were still hoping the debt talks in Greece will be resolved, Xinhua reported.Despite the hopes, some investors were ... Read more...

Posted in Business |

Oil rises on positive US jobs data


February 4th, 2012 - 5:28 pm ICT by IANS
New York, Feb 4 (IANS) Crude oil prices rose as the US jobs data for January came in better than expected, Xinhua reported.The Labor Department reported that US non-farm jobs ... Read more...

Posted in Business |

Inflation will come down to 6-7 percent by March: Mukherjee


February 1st, 2012 - 6:13 pm ICT by IANS
New Delhi, Feb 1 (IANS) The overall inflation will be around 6-7 percent by March while economic growth in the current financial year will be around 7 percent, Finance ... Read more...

Posted in Business |

China’s Purchasing Managers Index rises in January (Lead)


February 1st, 2012 - 3:12 pm ICT by IANS
Beijing, Feb 1 (IANS) China's Purchasing Managers Index (PMI), a preliminary readout of the country's manufacturing activity, rose to 50.5 percent in January, the highest level since October last year, ... Read more...

Posted in Business |

Jet fuel price cut by Rs.622 a kilolitre


December 31st, 2011 - 10:43 pm ICT by IANS
New Delhi, Dec 31 (IANS) State-owned oil marketing companies (OMCs) slashed the jet fuel rates by Rs.622.33 or 1.05 percent a kilolitre (kl), effective from midnight Saturday, as crude ... Read more...

Posted in Business |

US stocks stay low for straight day


December 15th, 2011 - 9:02 am ICT by IANS
New York, Dec 15 (IANS) US stocks ended lower for the third straight day Wednesday amid euro zone concerns and data, Xinhua reported.On economic front, the US labor department said ... Read more...

Posted in Business |

Petrol prices lowered by 65 paise a litre (Lead)


November 30th, 2011 - 10:53 pm ICT by IANS
New Delhi, Nov 30 (IANS) A fortnight after giving consumers relief for the first time in almost three years, India's fuel retailers again cut petrol prices Wednesday -- by 65 ... Read more...

Posted in Business |

Construction equipment industry eyes $23 billion revenues


November 22nd, 2011 - 6:55 pm ICT by IANS
Bangalore, Nov 22 (IANS) The fledgling Indian earthmoving and construction equipment (ECE) industry has the potential to grow its revenues six times to $23 billion by 2020 if the targeted ... Read more...

Posted in Business |

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