Gas producers decline as CCEA defers gas price hike
Shares of three gas production firms fell by 2.36% to 5.07% at 9:26 IST on BSE after the Cabinet Committee on Economic Affairs deferred the decision to hike gas price by three months. ONGC (down 5.07%), Oil India (down 2.68%) and Reliance Industries (down 2.36%), edged higher. The S&P BSE... read more »
Govt not considering hike in LPG, kerosene prices, says oil minister
Putting speculations at rest, the government on Wednesday said it is not considering raising prices of LPG and kerosene. “There is no such proposal in the government. We are not even thinking on that line,” Oil Minister Dharmendra Pradhan said when asked if the government was... read more »
Gold futures down at Rs 27,667 per 10 gm
Gold prices fell 0.3 per cent to Rs 27,667 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators. On the Multi Commodity Exchange, gold for delivery in August eased Rs 84 or 0.3 per cent to Rs 27,667 per 10 grams with a business volume of of 269... read more »
South Korea retains PM who quit over ferry disaster
South Korea’s Prime Minister Chung Hong-won, who offered to quit in April over the Sewol ferry disaster, will keep his job. President Park Geun-hye announced she would retain Mr Chung, a decision she said was “agonising”. Two candidates whom she handpicked have attracted... read more »
‘4 bombs in Cairo metro stations, at least 2 hurt’
Four makeshift bombs exploded within minutes of each other at three Cairo metro stations during morning rush hour on Wednesday, wounding at least two people, Egyptian police said. One bomb... read more »
Hillary Clinton and Michelle Obama’s political reunion amid rumours of rift
WASHINGTON: First Lady Michelle Obama has shot down speculation that she is poised to enter politics while maintaining that the United States should elect a woman president ”as soon... read more »
RBI allows NBFCs to work as business correspondents for banks
The Reserve Bank of India (RBI) on Tuesday permitted non-banking finance companies (NBFCs) to act as business correspondents (BCs) of banks, allowing them to offer limited services with the... read more »
Reliance Communications raises Rs. 4,800 crore via share sale: sources
Reliance Communications Ltd on Wednesday raised Rs. 4,800 crore ($804 million) by selling shares, people involved in the process said, in what is the single biggest equity issue since the... read more »
UP sugar industry again threatens a shutdown over cane pricing
NEW DELHI: After facing the ire on law & order issues, UP government might face the closure of its sole and the largest agriculture based Rs35,000 crore sugar industry. UP sugar industry, the... read more »
