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IOC fire burns Rs 100-cr hole in GIC's pocket22-NOV-09
General Insurance Corporation (GIC), India’s national re-insurer, is expected to take a Rs 100-crore hit in claims for the fire that broke out at the Indian Oil Corporation (IOC) complex near Jaipur last month.
Can't do without Pranab22-NOV-09
For the past one-and-a-half months, Railway Minister Mamata Banerjee has stopped her informal interactions with Finance Minister Pranab Mukherjee after a sharp exchange on telephone over a municipal election issue. But Banerjee had to budge as she found it difficult to deal with other ministers without the help of Mukherjee. Banerjee wanted a meeting with Law Minister Veerappa Moily but the latter started avoiding her. She had no other choice but to request Mukherjee to arrange the meeting. Mukherjee, the number two minister in UPA, obliged, and the meeting was scheduled in his room in Parliament House on Friday.
Domestic fuel consumption jumps 12%21-NOV-09
India’s fuel consumption rose 12 per cent in October, the highest growth rate this financial year, on the back of a surge in demand for auto fuels — petrol and diesel.
Deora to meet Pawar next week to salvage ethanol programme21-NOV-09
With the acute ethanol shortage derailing the programme to blend the sugarcane extract in petrol, Oil Minister Murli Deora will meet Agriculture Minister Sharad Pawar next week to salvage the programme.
Capex spending slows in Q221-NOV-09
Rises only 2% from Q1, with cement, oil & gas, power, telecom all holding back.
HPCL-led consortium holds petrochem complex at Vizag20-NOV-09
State-run oil refiner Hindustan Petroleum Corporation (HPCL)-led consortium has temporarily put on hold its proposed Rs 30,000 crore petrochemicals complex at Visakhapatnam, a top official said today.
Oil prices up in Asian trade but still below $7820-NOV-09
Oil rose in Asian trade today as investors bought the commodity at more attractive prices, but concerns over the strength of the global economic recovery has injected caution into the market.
Govt may rework pricing Ordinance for sugarcane20-NOV-09
The Manmohan Singh government is trying to find a middle path in the impasse over the recent sugarcane pricing Ordinance that created an uproar inside and outside Parliament today. According to top sources in the United Progressive Alliance (UPA), the government may rework the Sugarcane (Control) Order to relieve the states' burden and appease a united Opposition that claims to have the power to defeat the Bill in the Upper House.
OilMin seeks comments on proposal to hike natural gas price19-NOV-09
Oil ministry has sought comments from concerned ministries on its proposal to hike the price of natural gas produced by ONGC and Oil India by 30 per cent.
No immediate plans to hike fuel prices: Govt19-NOV-09
The government has no immediate plans to raise petrol and diesel prices even though raw material costs have surged to their highest level this year, Petroleum Secretary R S Pandey said today.
No plan to hike oil prices soon: Secy19-NOV-09
The government is not considering at present to raise petrol and diesel prices in line with the firming international crude rates, Petroleum Secretary RS Pandey said today.
Oil down in Asian trade after breaching $8019-NOV-09
Oil prices cooled in Asian trade today after breaching $80, spurred mainly by a decline in US energy stocks, analysts said.
Mittal opts out of Kazakh oilfield JV19-NOV-09
Steel magnate Lakshmi Mittal has pulled out of a project involving development of an oilfield in Kazakhstan in partnership with Oil and Natural Gas Corporation (ONGC). It is now looking for buyers for its stake in another company in the Central Asian nation.
Barun Roy: For Tagore's sake19-NOV-09
I don’t wish to get into the question of who’s right and who’s wrong, but the recent turmoil at Visva-Bharati, in Santiniketan, West Bengal, is highly disturbing and it diminishes its sanctity as an institution founded by Rabindranath Tagore. The simmering problems that have plagued Visva-Bharati for long and culminated in an ugly showdown between its vice-chancellor and its faculty and employees call for an urgent and convincing intervention by the highest authorities in New Delhi.
L N Mittal opts out of Kazakh oilfield JV with ONGC18-NOV-09
Steel magnate Lakshmi Mittal has pulled out of a project to develop an oil field in Kazakhstan in partnership with Oil and Natural Gas Corp (ONGC) and is looking for buyers for its stake in another company in the Central Asian nation.
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