Public sector oil companies stole the show for the second session in a row. Shares of Bharat Petroleum, Hindustan Petroleum and Indian Oil were up 3-8 per cent during the day. This comes on top of the 10-14 per cent jump in stock prices on Friday. Upstream oil companies ONGC and OIL also saw their stock prices move up 2-3

The ministry of environment and forests (MoEF), has submitted an affidavit to the Bombay high court stating that it does not support the setting up of private helipads in Mumbai.

The new telecom players are adding moderate number of customers which could help them to gain critical mass to survive in India’s competitive telecom market.
Videocon, which launch-ed mobile services just two months back, now has 13 lakh customers, with 7 lakh added in May. Norway-based Telenor’s subsidiary Uninor, w

UPA chairperson Sonia Gandhi on Monday laid the foundation stone of the strategic 8.8-km-long Rohtang tunnel through the Himalayan ranges at Manali.
Defence minister A.K. Antony was also present on the occasion besides several dignitaries, including Himachal Pradesh chief minister Prem Kumar Dhumal. However, J

The Reliance Communications-GTL deal on telecom towers could pave way for similar moves by other telecom majors. Bharti and Idea, which have a substantial number of telecom towers, may decide to cash in on their networks once they have a better idea of valuations. Using the RCom-GTL deal as benchmark, Bharti’s infrastructure arm could be worth Rs 48,000 crore while Idea’s tower unit may be worth Rs 15,500 crore.

The Union home ministry on Monday defended the CRPF which came under attack for firing incidents in Jammu and Kashmir after the paramilitary force fired at a mob in Sopore which claimed one life. Jammu and Kashmir chief minister Omar Abdullah has voiced strong concern over civilians becoming victims of action by paramilitary

As the CPI(M) is preparing to battle a strong Opposition during the 2011 Assembly elections in West Bengal, the party is also reviewing the political line adopted by it at the national level.

In a bid to turn the table on the BJP over recent petroleum price hike, the Congress on Monday said it was the NDA government led by Mr Atal Bihari Vajpayee, which first dismantled the administrative price mechanism (APM) for the products. The party has then questioned as to why the saffron party is now criticising the present government’s move to deregulate prices of petrol and diesel.

The BJP on Monday asserted that its alliance with JD(U) in Bihar was intact and both parties would follow the same seat sharing formula as they had in 2005 Assembly polls. But sources close to the BJP party chief, Mr Nitin Gadkari, said the party was earlier planning to ask for two more seats this time, including Muzaffarpur, from its alliance partner.

The hope that monsoon would keep its date with Delhi, as the capital had begun getting pre-monsoon showers a few days ago, has receded and the moisture-laden winds are likely to cover the city only in the first week of July. The usual date of onset of monsoon in Delhi is June 29.