petroleum products

No customs, VAT on non-subsidised cooking gas: Chidambaram


September 21st, 2012 - 3:32 pm ICT by IANS
New Delhi, Sep 21 (IANS) Finance Minister P. Chidambaram Friday said the government would remove customs, excise duty and value-added tax (VAT) from the sale of non-subsidised cooking gas.Talking to ... Read more...

Posted in Business |

UPA still has substantial majority: Congress


September 19th, 2012 - 9:17 pm ICT by IANS
New Delhi, Sep 19 (IANS) The Congress Wednesday said that the UPA had "substantial majority" in the Lok Sabha despite the Trinamool Congress deciding to withdraw support, but hoped ... Read more...

Posted in Politics |

Kerala firms Rs.20,000-crore refinery expansion project


September 14th, 2012 - 4:32 pm ICT by IANS
Kochi, Sep 14, (IANS) A Memorandum of Understanding (MoU) has been signed between the Kerala government and Bharat Petroleum Corporation (BPCL) here Friday at the Emerging Kerala-2012 investment meet for ... Read more...

Posted in Business |

August exports decline by 9.7 percent


September 13th, 2012 - 9:54 pm ICT by IANS
New Delhi, Sep 13 (IANS) The government Thursday said India's exports during August 2012 declined by 9.7 percent and stood at $22.3 billion from $24.7 billion in the corresponding month ... Read more...

Posted in Business |

Project on for developing catalyst to liquefy coal: Coal India


September 11th, 2012 - 7:49 pm ICT by IANS
Kolkata, Sep 11 (IANS) State-run Coal India, which is emphasising on Coal to Liquid (CTL) conversion technology, said a project for development of indigenous catalyst for the process is under ... Read more...

Posted in Business |

New measures soon to boost exports, investor confidence


August 28th, 2012 - 7:15 pm ICT by IANS
New Delhi, Aug 28 (IANS) The government will soon announce new steps to boost exports and investors' confidence in the Indian economy, Commerce Secretary S.R. Rao said Tuesday."The government is ... Read more...

Posted in Business |

India to soon unveil fiscal consolidation measures


August 6th, 2012 - 7:38 pm ICT by IANS
New Delhi, Aug 6 (IANS) The government will soon unveil measures to bring more discipline in spending and return to the path of fiscal consolidation, Finance Minister P. Chidambaram ... Read more...

Posted in Business |

Landslides block Srinagar-Jammu highway


August 4th, 2012 - 2:07 pm ICT by IANS
Srinagar, Aug 4 (IANS) The Srinagar-Jammu highway was closed Saturday following landslides in Ramban sector."Heavy rains triggered landslides in the Ramban sector of the Srinagar-Jammu road Saturday morning," a senior ... Read more...

Posted in Business |

India’s energy consumption to double by 2031: Study


July 25th, 2012 - 8:28 pm ICT by IANS
New Delhi, July 25 (IANS) Energy consumption in India is likely to double to 1,124 kgs of oil equivalent (kgoe) by 2031-32 on the back of high economic expansion, a ... Read more...

Posted in Business |

Steps soon to check fiscal, curent account deficits: Chidambaram (Lead)


July 11th, 2012 - 12:29 am ICT by IANS
Bangalore, July 10 (IANS) In a bid to reboot the economy and return to the high growth path, the United Progressive Alliance (UPA) government would take proactive measures to ... Read more...

Posted in Politics |

Indian business showcase opens in Ghana Monday


July 8th, 2012 - 4:39 pm ICT by IANS
Accra, July 8 (IANS) As Africa grows in strategic and economic importance for India, a three-day exposition showcasing Indian businesses and what they have to offer to this 54-nation ... Read more...

Posted in Business |

EU to enforce Iran oil embargo from July onwards


June 26th, 2012 - 10:57 am ICT by IANS
Brussels, June 26 (IANS) The European Union (EU) has formally approved an embargo on Iranian oil to be enforced from July 1 onwards.The EU Foreign Affairs Council made the decision ... Read more...

Posted in World |

Indonesia keen to expand trade with India: envoy


June 17th, 2012 - 12:42 pm ICT by IANS
Shimla, June 17 (IANS) India is Indonesia's fourth largest trading partner and bilateral trade is expected to zoom from $20 to $45 billion by 2015, Indonesian ambassador Andi M. Ghalib ... Read more...

Posted in Business |

Consumer durables prices to go up again


June 10th, 2012 - 12:34 pm ICT by IANS
New Delhi, June 10 (IANS) If you were planning to buy a refrigerator or an air conditioner this month, do it soon. Companies are about to raise the prices of ... Read more...

Posted in Business |

RIL to invest Rs.1 trillion in five years: Mukesh Ambani


June 7th, 2012 - 5:01 pm ICT by IANS
Mumbai, June 7 (IANS) Reliance Industries Limited (RIL) plans to invest nearly Rs.1 trillion ($18 billion) on expansion of its retail, petrochemical and telecom businesses in India over the next ... Read more...

Posted in Business |

Indirect tax collection target will be met, says Mukherjee


June 4th, 2012 - 5:07 pm ICT by IANS
New Delhi, June 4 (IANS) The government is confident that it will meet the indirect tax collection target of Rs.4,99,694 crore in 2012-13, Finance Minister Pranab Mukherjee said Monday."I ... Read more...

Posted in Business |

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 |

India’s exports rise by 3.23 percent in April


June 1st, 2012 - 5:43 pm ICT by IANS
New Delhi, June 1 (IANS) India's exports grew at a sluggish rate of 3.23 percent to $24.45 billion in April, while imports increased by 3.83 percent to $37.94 billion, leaving ... Read more...

Posted in Business |

Shutdown hits Himachal, chief minister walks to office (Lead)


May 31st, 2012 - 6:34 pm ICT by IANS
Shimla, May 31 (IANS) As Himachal Pradesh Thursday observed a statewide shutdown on the increase in petrol prices, Chief Minister Prem Kumar Dhumal walked his way to office to ... Read more...

Posted in Politics |

No plan to hike diesel, LPG, kerosene prices: Reddy


May 28th, 2012 - 3:49 pm ICT by IANS
New Delhi, May 28 (IANS) The government has no immediate plan to hike prices of diesel, liquefied petroleum gas (LPG) and kerosene, Petroleum Minister S. Jaipal Reddy said Monday."I ... Read more...

Posted in Business |

Petrol price hike: Left calls for strike in Tripura


May 27th, 2012 - 4:43 pm ICT by IANS
Agartala, May 27 (IANS) The Communist Party of India-Marxist (CPI-M)-led ruling Left Front in Tripura has called for a 12-hour shutdown in the state Thursday to protest the petrol price ... 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 |

Tripura demands roll back of oil price hike


May 24th, 2012 - 7:21 pm ICT by IANS
Agartala, May 24 (IANS) The ruling Left Front in Tripura Thursday demanded immediate withdrawal of the hike in petrol prices and organised demonstrations across the north eastern state to press ... Read more...

Posted in Politics |

Left opposes hike in fuel prices


May 23rd, 2012 - 3:53 pm ICT by IANS
New Delhi, May 23 (IANS) The Left parties Wednesday strongly opposed the proposed increase in prices of petrol, diesel and other petroleum products."Such an increase will be a cruel blow ... Read more...

Posted in Politics |

Gail, Tidco to set up a JV power plant in Tamil Nadu


May 11th, 2012 - 9:43 pm ICT by IANS
Chennai, May 11 (IANS) The Gas Authority of India Ltd (Gail) and the Tamil Nadu Industrial Development Corporation Ltd (Tidco) would jointly promote a special purpose vehicle to set up ... Read more...

Posted in Business |

India says it’s free to decide on Iran oil imports


May 10th, 2012 - 1:57 pm ICT by IANS
New Delhi, May 10 (IANS) India is "free to take its decisions" on importing oil from Iran despite economic sanctions by the US to thwart Tehran's alleged military nuclear programme, ... Read more...

Posted in Uncategorized |

PM launches Rs.21,500 crore Bathinda refinery


April 28th, 2012 - 2:08 pm ICT by IANS
Bathinda (Punjab), April 28 (IANS) Prime Minister Manmohan Singh Saturday inaugurated the Rs.21,500 crore Guru Gobind Singh Refinery in Punjab's Bathinda district.Considered one the biggest investments in Punjab since ... Read more...

Posted in Business |

Russian firm opens petroleum terminal in Spain


April 28th, 2012 - 1:01 pm ICT by IANS
Barcelona, April 28 (IANS/EFE) Russian energy giant Lukoil inaugurated a petroleum-products terminal here Friday that is the fruit of its strategic alliance with Spain's Meroil.The 50-million-euro ($66.3 million) project at ... 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 |

Suggestions for fixing eligibility to operate LNG terminals


April 20th, 2012 - 8:17 pm ICT by IANS
New Delhi, April 20 (IANS) The petroleum ministry Friday invited suggestions from stakeholders by April 24 for finalising the eligibility criteria for setting up and operating liquefied natural gas (LNG) ... Read more...

Posted in Business |

India, Pakistan agree to open more trade routes


April 14th, 2012 - 5:13 pm ICT by IANS
New Delhi, April 14 (IANS) Just a day after opening a new integrated check post at the Attari border, India and Pakistan Saturday said the countries were exploring the possibilities ... Read more...

Posted in Business |

Enough global oil to sideline Iran: Obama


March 31st, 2012 - 4:39 pm ICT by IANS
Washington, March 31 (IANS) US President Barack Obama has approved new sanctions against Iran, saying there was sufficient oil in the world market to allow countries to cut Iranian ... Read more...

Posted in Business |

Goa, where petrol price goes south!


March 29th, 2012 - 12:16 pm ICT by IANS
Panaji, March 29 (IANS) Goa may now come to be known more for cheap petrol than the local drink feni.The new Bharatiya Janata Party (BJP) government in Goa is ... Read more...

Posted in Business |

Petrol price hike in the offing as crude soars


March 23rd, 2012 - 6:19 pm ICT by IANS
New Delhi, March 23 (IANS) Consumers may have to bear another round of price hike in auto and cooking fuels as the government is mulling a review in the wake ... Read more...

Posted in Business |

Croatia bans oil import from Iran


March 23rd, 2012 - 9:36 am ICT by IANS
Zagreb, March 23 (IANS) Croatia on Thursday decided to ban oil imports from Iran, and export of crucial equipment and technology to the Iranian petrochemical industry, Xinhua reported.According to a ... Read more...

Posted in Business |

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