Kenya’s apex bank cuts benchmark lending rate
September 6th, 2012 - 1:11 pm ICT by IANS
Nairobi, Sep 6 (IANS) Kenya's central bank CBK has slashed benchmark lending rate by 350 basis points to 13.0 percent from the previous 16.5 percent to allow more borrowing from ... Read more...
Posted in Business |
Mamata ‘disappointed’ with petrol price hike, demands rollback (Lead)
July 24th, 2012 - 12:04 am ICT by IANS
Kolkata, July 23 (IANS) Trinamool Congress supremo and West BengaL Chief Minister Mamata Banerjee Monday expressed her "disappointment" over the announcement of a petroleum price hike, and demanded ... Read more...
Posted in Business |
Trinamool disappointed with petrol price hike, demands rollback
July 23rd, 2012 - 11:41 pm ICT by IANS
Kolkata, July 23 (IANS) Expressing "disappointment" over the announcement of a petrol price hike, Congress' estranged ally Trinamool Congress Monday demanded an immediate rollback and wider consultation with all ... Read more...
Posted in Politics |
Petrol prices to be hiked by 70 paise from midnight (Second Lead)
July 23rd, 2012 - 9:59 pm ICT by IANS
New Delhi, July 23 (IANS) India's oil marketing companies Monday announced a hike in petrol prices by 70 paise a litre, with effect from midnight, citing increasing international oil prices ... Read more...
Posted in Business |
New petrol prices in metros, mini-metros
July 23rd, 2012 - 9:44 pm ICT by IANS
New Delhi, July 23 (IANS) Petrol prices will be hiked 70-91 paise a litre in the metros and mini-metrosled by increasing international oil prices and a decline in the value ... Read more...
Posted in Business |
Petrol prices to be hiked by 70 paise from midnight (Lead)
July 23rd, 2012 - 9:30 pm ICT by IANS
New Delhi, July 23 (IANS) India's oil marketing companies Monday announced a hike in petrol prices by 70 paise a litre, with effect from midnight, citing increasing international oil prices ... Read more...
Posted in Business |
Sri Lanka expects market stability as imports reduced
May 12th, 2012 - 4:18 pm ICT by IANS
Colombo, May 12 (IANS) The Sri Lankan Central Bank said Saturday that it expects stability in the domestic foreign exchange market over the next few weeks following a decision to ... Read more...
Posted in Business |
Government to deregulate diesel prices
April 24th, 2012 - 8:41 pm ICT by IANS
New Delhi, April 24 (IANS) The government has "in-principle" agreed to deregulate diesel prices, but there is no such proposal for cooking gas, Minister of State for Finance Namo Narain ... Read more...
Posted in Business |
Pakistan vows to net 700,000 tax evaders
December 14th, 2011 - 12:34 pm ICT by IANS
Islamabad, Dec 14 (IANS) Pakistan will focus on 700,000 tax evaders who possess properties and frequently travel abroad but pay no tax, Finance Minister Abdul Hafeez Shaikh has said."We will ... Read more...
Posted in South Asia |
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 |
PM hints at further fuel hike if international prices rise
November 12th, 2011 - 11:22 pm ICT by IANS
By Manish Chand
On Board Air India One, Nov 12 (IANS) Prime Minister Manmohan Singh Saturday indicated that the fuel prices may have to be hiked again if international oil prices ... Read more...
Posted in World |
OPEC oil price keeps fluctuating
November 8th, 2011 - 12:57 am ICT by IANS
Vienna, Nov 7 (IANS) The weekly average price of the Organisation of Petroleum Exporting Countries (OPEC) dropped slightly to $107.52 per barrel last week, the Vienna-based cartel said Monday.After continuous ... Read more...
Posted in World |
CPI-M flays petrol price hike
November 4th, 2011 - 3:44 pm ICT by IANS
New Delhi, Nov 4 (IANS) The Communist Party of India-Marxist (CPI-M) Friday accused the government of showing "shocking callousness" by hiking the petrol price yet again -- by Rs.1.80 a ... Read more...
Posted in Politics |
Oil companies to bear Rs.121,571 crore under-recoveries: Reddy
October 19th, 2011 - 11:56 pm ICT by IANS
New Delhi, Oct 19 (IANS) State-owned oil marketing companies (OMCs) will bear under-recoveries of Rs.121,571 crore in 2011-12, despite the recent petrol price hike, Petroleum Minister S. Jaipal Reddy said ... Read more...
Posted in Business |
Fuel prices drop in China
October 9th, 2011 - 5:30 pm ICT by IANS
Beijing, Oct 9 (IANS) Fuel prices in China went down Sunday for the first time this year, a media report said.The wholesale price of gasoline and diesel reduced by ... Read more...
Posted in Business |
Airlines may hike domestic airfares
September 16th, 2011 - 10:11 pm ICT by IANS
New Delhi, Sep 16 (IANS) Indian domestic airlines are set to increase airfares as a result of the latest hike of 2.5 percent in aviation fuel prices by the ... Read more...
Posted in Business |
US trade deficit jumps 15 percent
July 13th, 2011 - 11:33 am ICT by IANS
Washington, July 13 (IANS/EFE) The US trade deficit increased by 15.1 percent in May to $50.2 billion, the highest level since October 2008, the Commerce Department said Tuesday.In April, the ... Read more...
Posted in Business |
Food inflation comes down sharply (Lead)
June 30th, 2011 - 5:56 pm ICT by IANS
New Delhi, June 30 (IANS) In what could come as a respite to consumers and policymakers, India's food inflation slipped to 7.78 percent for the week ending June 18, ... Read more...
Posted in Business |
Urgent steps needed to deal with petrol shortage: Pakistan paper
June 9th, 2011 - 6:21 pm ICT by IANS
Islamabad, June 9 (IANS) The Pakistan government must take urgent steps to deal with the petrol shortage in the country, a Pakistani paper said Thursday, urging it to rein ... Read more...
Posted in Business |
Aviation fuel prices raised
April 15th, 2011 - 9:30 pm ICT by IANS
New Delhi, April 15 (IANS) State-owned Indian Oil Corporation (IOC) Friday raised aviation turbine fuel (ATF) prices by 2.10 percent, taking them to Rs.60,404 per kilolitre in Delhi.This is the ... Read more...
Posted in Uncategorized |
IMF unveils wish-list for economic crisis-hit Pakistan
March 12th, 2011 - 2:52 pm ICT by ANI
Islamabad, Mar 12(ANI): The International Monetary Fund (IMF) has expressed its concerns over rising debt, higher government borrowing and quasi-fiscal operations (subsidies) in Pakistan, and unveiled a 'wish-list' that Pakistani authorities must ... Read more...
Posted in South Asia |
US trade deficit grew 33 percent in 2010
February 12th, 2011 - 1:50 pm ICT by IANS
Washington, Feb 12 (IANS/EFE) The US ran a trade deficit of $497.8 billion in 2010, an increase of 32.8 percent over the previous year, the Commerce Department said Friday.Imports surged by 19.7 ... Read more...
Posted in Business |
Indian Oil Corporation raises jet fuel prices by 4.5 percent
January 31st, 2011 - 9:29 pm ICT by IANS
New Delhi, Jan 31 (IANS) State-owned Indian Oil Corporation (IOC) Monday raised aviation turbine fuel (ATF) prices by 4.5 percent, which now stands at Rs.50,958.79 per kilolitre in Delhi.This is the eighth ... Read more...
Posted in Business |
IOC again hikes ATF prices by 2 percent
December 31st, 2010 - 10:49 pm ICT by IANS
New Delhi, Dec 31 (IANS) State-owned Indian Oil Corporation (IOC) Friday raised aviation turbine fuel (ATF) prices by two percent, which now stand at Rs. 47,816 per kilolitre in Delhi.This is the ... Read more...
Posted in Business |
Aviation fuel prices raised 3.6 percent
December 15th, 2010 - 9:51 pm ICT by IANS
New Delhi, Dec 15 (IANS) State-owned oil marketing company Indian Oil Corporation (IOC) Wednesday raised aviation turbine fuel (ATF) prices by 3.6 percent, taking them up by Rs.1,636.58 a kilolitre to Rs.46,876.58 ... Read more...
Posted in Business |
Government will check oil price fluctuation: Deora
October 27th, 2010 - 6:58 pm ICT by ANI
New Delhi, Oct. 27 (ANI): Expressing his concern over spiralling fuel prices, Petroleum and Natural Gas Minister Murli Deora on Wednesday said the government would intervene if the global oil scenario remained ... Read more...
Posted in Feature |
Bharat bandh not a solution: government
July 4th, 2010 - 5:15 pm ICT by IANS
New Delhi, July 4 (IANS) With the opposition gearing up to enforce a nationwide shutdown Monday against rising prices and the fuel price hike, the government Sunday justified the increase in ... Read more...
Posted in Politics |
Fuel price hike a cruel blow on the people: Left
June 25th, 2010 - 7:16 pm ICT by IANS
New Delhi, June 25 (IANS) Strongly opposing the government's decision to "inflict a steep rise" in the prices of petrol, diesel, kerosene and cooking gas, the Left parties Friday termed it "a ... Read more...
Posted in Politics |
States asked to lower duties on petroleum fuels
June 21st, 2010 - 8:49 pm ICT by IANS
New Delhi, June 21 (IANS) In a bid to ease the burden of high fuel prices, Petroleum Minister Murli Deora has asked all states to reduce their levies on petrol and diesel, ... Read more...
Posted in Business |
ONGC Videsh declares progressive 2009-10 financial results
May 22nd, 2010 - 1:44 pm ICT by ANI
New Delhi, May 22 (ANI): ONGC Videsh Ltd. (OVL), the wholly-owned subsidiary of Oil and Natural Gas Corporation Ltd. (ONGC) on Saturday announced that it had produced 8.870 million tons of oil ... Read more...
Posted in Business |
Deora welcomes union budget, justifies fuel price hike
February 26th, 2010 - 8:05 pm ICT by IANS
New Delhi, Feb 26 (IANS) Minister of Petroleum and Natural Gas Murli Deora Friday welcomed the budget and also justified the fuel price increase by the restoration of basic customs duty ... Read more...
Posted in Business |
ONGC announces 180 percent dividend, two new gas finds
December 18th, 2009 - 10:27 pm ICT by IANS
New Delhi, Dec 18 (IANS) State-run oil explorer, ONGC India Ltd has announced a interim dividend of 180 percent for the year 2009-10.
For 2008-09, ONGC had paid an aggregate dividend of 320 ... Read more...
Posted in Business |
Indian company in Ethiopia for bio-fuel production
December 7th, 2009 - 1:32 pm ICT by IANS
By Groum Abate
Addis Ababa, Dec 7 (IANS) Indian renewable energy company Praj has signed an agreement with Ethiopia's Eco Energy, a bio-fuel producing company, for providing consultancy in cultivating thousands of hectares ... Read more...
Posted in Business |
Speculative derivative trade impacting oil prices: ONGC
November 9th, 2009 - 7:31 pm ICT by IANS
New Delhi, Nov 9 (IANS) International oil prices may not stabilise due to a hyperactive derivatives market, which was indulging in speculation to make profits rather than hedging against risk, said the ... Read more...
Posted in Business |
Centre closely monitoring international oil pricing : Deora
July 23rd, 2009 - 5:48 pm ICT by ANI
New Delhi, July 23(ANI): Union Petroleum Minister Murli Deora on Thursday said that the Union Government is closely monitoring the oil price in the international market.In a written reply to the Lok ... Read more...
Posted in National |