MGL hikes gas prices by up to 85 paise/kg

Citing increase in input tax, the city's sole gas supplier Mahanagar Gas (MGL) has hiked CNG and domestic PNG prices by Rs 0.85/kg and Rs 0.50 per SCM respectively from tonight.
Accordingly, revised CNG price will be Rs 40.82/kg and base slab 1 domestic PNG price will be Rs 24.42/SCM in the city and its suburbs, the company said in a statement.
The company also said there is an increase of Rs 0.50/SCM in slab 2 of domestic PNG prices.
The new prices will be effective in the municipalities adjoining the megapolis after factoring in implications of local municipal octroi/LBT and cess rates.

Revised prices in the suburbs will be in the range of Rs 40.82/kg to Rs41.58/kg for CNG and Rs 24.42/SCM to Rs 24.63/SCM (base slab 1) for PNG.
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Top firms throng IIT-Bombay for placements * Top notch companies, including PSUs and consulting firms, thronged IIT-Bombay campus on Day-1 of placements yesterday.
Recruiters included Goldman Sachs, ONGC, Texas Instruments, Microsoft, GE, Airbus, Cairn India, NEC Japan, Murata Group of Japan, Qualcomm, Schlumberger Asia, Tata Steel and Xerox Research Center, the premier institute said in a statement.
IIT-Bombay saw over 150 offers with the participation of over 32 companies on the first day of placements. Among this, more than 20 are international offers.

The placement season will last till December 17 and by then, about 225 companies would have visited the campus.
IIT-B said startups' participation is low compared to previous years, though Paytm, Ola Cabs and Uber have confirmed their participation.