If you are an investor, it may be a good time to relook at the stock market again. India Inc has registered robust growth for the just concluded March quarter. The momentum is expected to continue over the next couple of years.

The government may find it easier to decontrol the prices of petrol and diesel from next week, with softening global rates requiring an increase of merely Rs 3.50 a litre.
An EGoM headed by finance minister Pranab Mukherjee is due to meet on Monday to consider the Kirit Parikh Committee’s recommendations, which include freeing of petrol and diesel prices from government control, besides steep hikes in LPG and kerosene rates to cut fuel subsidies.

The Central Information Commission (CIC) has decided to approach the Supreme Court in connection with the Delhi high court order saying that the CIC had no powers to frame rules for hearing of appeals. The matter had earlier virtually divided the CIC with some information commissioners continuing to hear the appeals as per procedure laid out.

India on Thursday made it clear that it couldn’t be expected to open its markets beyond its obligation in the WTO negotiations without reciprocal gains.
“No market access above the level of what is there can be given for free. If countries agree to give, they have to be paid for it. This is the language of WTO,” said India’s chief negotiator at the World Trade Organisation D. K. Mittal at a Ficci conference.

Minister of state for civil aviation Praful Patel said Thursday that the government was considering setting up an independent safety board on the lines of America’s National Trans-portation Safety Board (NTSB) to probe all accidents, and also planning legislation to vest further powers with the DGCA, the civil aviation regulator.

In an effort to promote India as a filming destination for film producers from other countries the Union information and broadcasting ministry has, in association with industry body Assocham, decided to create awareness regarding the legal and tax considerations in the country.

Oil and petrochemicals major Reliance Industries Ltd (RIL) may be planning a major expansion of its petrochemical capacity to make plastics, rubber and other chemicals.

A lieutenant-general serving at Army Headquarters is facing allegations of sexual misconduct levelled by the wife of a subordinate officer. The lieutenant-general faces allegations that he misbehaved with the wife of a colonel serving under him during an official May 7-10 visit to Israel. The woman is reported to have complained against

Vice-president Hamid Ansari and Prime Minister Dr Manmohan Singh on Thursday paid homage to the departed former vice-president Bhairon Singh Shekhawat at a prayer meeting held at his official residence on Aurangzeb Road here. Lok Sabha Speaker Meira Kumar and other senior ministers and leaders from the BJP and other parties also attended the prayer meeting. Mr Shekhawat had breathed his last on May 15.

The demand for raising prices of petroleum products by the oil refining companies and the oil and gas ministry has been growing louder since the government made quite a hefty hike in the natural gas prices.