Anil Ambani–led Reliance Group (ADA) stocks – Reliance Infrastructure, Reliance Capital and Reliance Communications are trading at 52-week lows, while Reliance Power has touched a new all-time low on the Bombay Stock Exchange.
“A lawyer representing UK’s ...
State-owned Indian Oil Corp’s (IOC) today said its borrowings have risen to over Rs 79,000 crore, as it lost a record Rs 227 crore per day on selling diesel, domestic LPG and kerosene at controlled rates. ...
Power and fertiliser firms may have to pay up to Rs 3,400 crore extra on natural gas they buy from domestic producers as the government has priced the fuel in US dollars, which has appreciated sharply ...
Siemens has tumbled 4% in morning trades following a 29% drop in Q4 net profit. Siemens reported a 29% drop in net profit for the quarter ended September 2011 at Rs 178.1 crore due to exchange ...
The Petroleum Ministry wants Rs 56,600 crore more in cash subsidy to partially compensate the state-owned oil firms for losses they incur on selling fuel below cost.
The subsidy sought is over and above the Rs 30,000 ...
State-owned Oil and Natural Gas Corp is likely to give its ‘no-objection certificate’ to Cairn Energy Plc’s stake sale in its Indian unit to Vedanta Resources by the year-end, its Chairman Sudhir Vasudeva said.
“Our Board had ...
With the deadline for roll-out of the proposed Direct Taxes Code (DTC) approaching, the Finance Ministry today said it is awaiting the report of a parliamentary panel on the Bill for the new tax regime.
The DTC, ...
The planned share sale in Oil and Natural Gas Corp (ONGC) is unlikely this calendar year, a top Oil Ministry official said. “ONGC follow-on public offer (FPO) doesn’t look possible this year,” he said.
The government plans ...
Crude was lower in Asian trade today with traders withdrawing from the market as concerns linger about the depth of the European debt crisis, analysts said. New York’s main contract, light sweet crude for delivery in ...
The Cuttack bench of Income Tax Appellate Tribunal (ITAT) has struck down an Income Tax department order for collection of Rs 158 crore from the state-run power trader Grid Corporation of Orissa (Gridco) for the amount ...
