petroleum

US factory orders rise


September 1st, 2012 - 1:10 pm ICT by IANS
Washington, Sep 1 (IANS) New orders for US manufactured goods rose 2.8 percent in July, indicating that the US manufacturing sector was gaining momentum, the US Department of Commerce reported. ... Read more...

Posted in Business |

Gas allocation not possible for power projects, says minister


August 13th, 2012 - 9:31 pm ICT by IANS
New Delhi, Aug 13 (IANS) Allocation of more gas to any power project, including of Gujarat, may currently not be possible in view of declining domestic gas production, Minister of ... Read more...

Posted in Business |

June industrial output data disappointing: Chidambaram


August 9th, 2012 - 7:14 pm ICT by IANS
New Delhi, Aug 9 (IANS) Finance Minister P. Chidambaram Thursday voiced disappointment over the June industrial output data and said the government would try to remove hurdles in critical ... Read more...

Posted in Uncategorized |

Congress sets up screening panel for Himachal, Gujarat, Tripura


July 25th, 2012 - 1:18 am ICT by IANS
New Delhi, July 24 (IANS) The Congress Tuesday set up screening committees for poll-bound Himachal Pradesh, Tripura and Gujarat in an indication that it will declare its candidates early. Delhi ... Read more...

Posted in Uncategorized |

Exports dip by 5.45 percent; trade deficit narrows (Lead)


July 13th, 2012 - 8:20 pm ICT by IANS
New Delhi, July 13 (IANS) India's exports dropped 5.45 percent to $25.07 billion in June, falling sharply for the second consecutive month due to weak demands in North America and ... Read more...

Posted in Business |

US factory orders go up


July 4th, 2012 - 1:39 pm ICT by IANS
Washington, July 4 (IANS) New orders for US manufactured goods increased in May after two consecutive months of declines, the US Department of Commerce reported. In May, US factory orders ... Read more...

Posted in Business |

UAE emirate to upgrade oil storage capacity


June 29th, 2012 - 12:18 am ICT by IANS
Fujairah (UAE), June 28 (IANS/WAM) The UAE emirate of Fujairah will upgrade its petroleum storing facilities at its sea port.Emirate's ruler Sheikh Hamad bin Mohammed Al Sharqi Thursday directed the ... Read more...

Posted in Business |

Congress welcomes petrol price cut, BJP wants rollback


June 2nd, 2012 - 8:04 pm ICT by IANS
New Delhi, June 2 (IANS) The Congress welcomed the Rs.2 per litre cut in petrol prices announced by oil companies Saturday but denied it was a rollback, while the ... Read more...

Posted in Politics |

IGL stock rallies 29 percent on high court order


June 1st, 2012 - 8:38 pm ICT by IANS
Mumbai, June 1 (IANS) The Indraprastha Gas Ltd (IGL) scrip rallied 28.70 percent to Rs.249.35 after the Delhi High Court ruled in its favour Friday.The court quashed an order of ... Read more...

Posted in Business |

Court quashes regulatory board’s order on CNG


June 1st, 2012 - 6:17 pm ICT by IANS
New Delhi, June 1 (IANS) The Delhi High Court Friday quashed an order of the Petroleum and Natural Gas Regulatory Board slashing the network tariff and compression charges with retrospective ... Read more...

Posted in Uncategorized |

Decision on petrol price rollback in a few days: Reddy


May 25th, 2012 - 7:42 pm ICT by IANS
New Delhi, May 25 (IANS) Just two days after the state-run oil marketing companies announced the steepest hike so far in petrol price, Petroleum Minister S. Jaipal Reddy Friday ... Read more...

Posted in Business |

Kerala to forgo sales tax on petrol


May 24th, 2012 - 6:40 pm ICT by IANS
Thiruvananthapuram, May 24 (IANS) A day after the petrol price hike, the Kerala government at a special cabinet meeting Thursday decided to forgo the sales tax on petrol, reducing its ... Read more...

Posted in Business |

Have power to frame CNG tariff rules, regulator tells court (Lead)


May 22nd, 2012 - 11:25 pm ICT by IANS
New Delhi, April 22 (IANS) The Petroleum and Natural Gas Regulatory Board Tuesday told the Delhi High Court that it has the power to frame tariff regulations for Indraprastha Gas ... Read more...

Posted in Business |

Have power to frame CNG tariff rules, regulator tells court


May 22nd, 2012 - 10:37 pm ICT by IANS
New Delhi, April 22 (IANS) The Petroleum and Natural Gas Regulatory Board Tuesday told the Delhi High Court that it has the power to frame tariff regulations for Indraprastha Gas ... Read more...

Posted in Business |

Fuel price hike a necessity but no decision yet: Jaipal Reddy


May 22nd, 2012 - 9:19 pm ICT by IANS
Amritsar, May 22 (IANS) Petroleum and Natural Gas Minister S. Jaipal Reddy Tuesday said no decision had been taken on increasing fuel prices in the country but added that it ... Read more...

Posted in Politics |

US factory orders drop


May 3rd, 2012 - 12:00 am ICT by IANS
Washington, May 2 (IANS) New orders for US manufactured goods declined in March, after an increase in the previous month, a sign of a bumpy economic recovery, the US Commerce ... Read more...

Posted in Uncategorized |

India’s exports drop by 5.71 percent in March


May 1st, 2012 - 2:39 pm ICT by IANS
New Delhi, May 1 (IANS) India's exports fell by 5.71 percent to $28.68 billion in March while imports surged 24.28 percent to $42.58 billion, leaving a monthly trade deficit of ... Read more...

Posted in Business |

Sri Lanka rejects Indian offer to upgrade refinery


April 29th, 2012 - 4:28 pm ICT by IANS
Colombo, April 29 (IANS) Sri Lanka has rejected an Indian offer to upgrade a refinery that is built to refine only Iranian oil, a minister said Sunday.Petroleum Minister Susil Premjayantha ... Read more...

Posted in Business |

Egypt annuls gas export deal with Israel


April 23rd, 2012 - 1:36 pm ICT by IANS
Cairo, April 23 (IANS) Egypt said Sunday that it has annulled a gas export deal with Israel due to violations of contractual obligations, according to Egypt's Nile TV.Mohamed Shoeb, who ... Read more...

Posted in Business |

‘No stay on regulator’s order to cut gas prices in Delhi’


April 11th, 2012 - 7:33 pm ICT by IANS
New Delhi, April 11 (IANS) The Delhi High Court Wednesday refused to stay a regulator's order to the Indraprastha Gas Ltd (IGL) to reduce cut the price of CNG and ... Read more...

Posted in Business |

Regulator asks IGL to reduce gas prices


April 10th, 2012 - 9:09 pm ICT by IANS
New Delhi, April 10 (IANS) Piped cooking gas for households and compressed natural gas (CNG) for vehicles is likely to become cheaper in the national capital with the regulator asking ... Read more...

Posted in Business |

India, Afghanistan sign pact on iron and steel


April 9th, 2012 - 11:06 pm ICT by IANS
Kabul, April 9 (IANS) India and Afghanistan Monday signed an agreement for enhancing cooperation in the field of iron and steel.A Memorandum of Understanding (MoU) was signed by Indian Minister ... Read more...

Posted in Business |

Sri Lanka keen to implement war commission report


April 4th, 2012 - 10:08 pm ICT by IANS
Colombo, April 4 (IANS) The Sri Lankan government has told parliament that it has no objection in implementing recommendations of a war commission appointed by President Mahinda Rajapaksa.The government stand ... Read more...

Posted in Politics |

Petrol prices in Goa plunge


April 2nd, 2012 - 2:36 pm ICT by IANS
Panaji, April 2 (IANS) Petrol prices in Goa have dropped down to Rs.54.96 since Monday, the cheapest in the country, an official said.Long queues were witnessed at most petrol ... Read more...

Posted in Business |

10 killed in Karachi violence after leader’s death (Lead)


March 27th, 2012 - 9:16 pm ICT by IANS
Islamabad, March 27 (IANS) At least 10 people were killed and over 50 vehicles torched as violence escalated in Pakistan's port city of Karachi Tuesday over the killing of a ... Read more...

Posted in South Asia |

Political activist killed, vehicles torched in Karachi


March 27th, 2012 - 12:49 pm ICT by IANS
Islamabad, March 27 (IANS) Karachi was tense Tuesday following the killing of an MQM activist. Fourteen vehicles were set ablaze in different parts of this port city, a media report ... Read more...

Posted in South Asia |

Three dead in Suez Canal blast


March 27th, 2012 - 8:00 am ICT by IANS
Cairo, March 27 (IANS) Three people died and nine others injured when a diesel tank of a tugboat exploded in Egypt's Suez Canal, the official media reported Monday.The vessel belongs ... Read more...

Posted in World |

Three die in Colombian plane crash


March 19th, 2012 - 11:26 am ICT by IANS
Bogota, March 19 (IANS/EFE) Three people were killed when a small plane hit power lines and crashed in Colombia's Santander province, police said.The Cessna 182 took off Saturday from the ... Read more...

Posted in World |

We’ll have to bite subsidy bullet: Manmohan (Lead)


March 16th, 2012 - 4:11 pm ICT by IANS
New Delhi, March 16 (IANS) Backing the budget proposal for cutting subsidies to two percent of the GDP, Prime Minister Manmohan Singh said Friday that the government will ... Read more...

Posted in Business |

India to continue Iran oil supplies: Reddy


March 13th, 2012 - 10:47 pm ICT by IANS
Hyderabad, March 13 (IANS) India will continue its oil supplies from Iran, Petroleum Minister S. Jaipal Reddy said here Tuesday."We'll continue to receive supplies from Iran," Reddy said in answer ... Read more...

Posted in Uncategorized |

UP results not a setback: Congress ministers


March 6th, 2012 - 3:19 pm ICT by IANS
New Delhi, March 6 (IANS) Refusing to call the Uttar Pradesh result a debacle, the Congress Tuesday said its anti-Mayawati campaign succeeded but it could not capitalise on the ... Read more...

Posted in Uncategorized |

US factory orders drop 1 percent in January


March 6th, 2012 - 12:36 am ICT by IANS
Washington, March 5 (IANS) New orders for US manufactured goods declined in January following two consecutive monthly increase, reflecting a bumpy economic recovery, the commerce department said Monday.In January, US ... Read more...

Posted in Business |

US manufacturing sector slows pace


March 2nd, 2012 - 2:23 pm ICT by IANS
Washington, March 2 (IANS) The US manufacturing sector continued to expand last month but eased pace on waning new orders and higher prices of raw materials, a survey revealed.The US ... Read more...

Posted in Business |

US manufacturing sector slows pace in February


March 2nd, 2012 - 12:39 am ICT by IANS
Washigton, March 1 (IANS) The US manufacturing sector continued to expand last month but eased pace on waning new orders and higher prices of raw materials.The US Institute of Supply ... Read more...

Posted in Business |

Australian manufacturing expansion continues in February


March 1st, 2012 - 2:37 pm ICT by IANS
Sydney, March 1 (IANS) Australian manufacturing activity continued to expand in February, a survey showed Thursday.The survey was released by the Australian Industry Group (Ai Group).The Australian Industry Group/PriceWaterhouseCoopers ... Read more...

Posted in Business |

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