US says it's helping India find alternative oil supplies
In the face of a public outcry in India over rising oil prices due to Iran oil sanctions, the US said it was trying to help New Delhi find alternative sources of supply.
"We are working with countrie
India Inc calls for dual pricing of diesel, LPG
Welcoming the hike in petrol prices, industry organisations on Thursday called for differential pricing of diesel and liquefied petroleum gas (LPG) to curb ballooning fuel subsidy.
"The current under
Rupee recovers from record low; up 14 paise against dollar
After hitting a record low of Rs 56.38 against the US dollar during the day, the rupee recovered 14 paise from Wednesday's closing level of 56 in the late afternoon trade.
It strengthened to trade at
NDA opposes petrol price hike, calls for bandh on May 31
Opposing the steep hike in petrol prices and spiralling prices of commodities, NDA has called for a nation-wide bandh on May 31.
NDA convenor and JDU president Sharad Yadav said that all the partner
Rupee trades at new record low of 56.38 against US dollar
Continuing its slide against the US dollar for the seventh day in a row, the rupee hit new record low of 56.38 in late morning trade on Thursday amid firm demand for the American currency from impo
Petrol price hiked by Rs 7.50 a litre
In the steepest ever hike, petrol price was increased today by Rs 7.50 a litre with effect from midnight tonight.
State-owned oil firms said they will raise petrol price by Rs 6.28 per litre excludin
Petrol price hike unreasonable: BJP
BJP on Wednesday flayed the steep hike of Rs 7.5 per litre in petrol price terming it as 'unreasonable' which will make the life of the common man 'miserable'.
"This whole petrol price hike is clearl
Petrol price hike: LDF calls for hartal in Kerala on Thursday
Opposition CPI-M led Left Democratic Front in Kerala on Wednesday gave a call for dawn-to-dusk hartal in the state on Thursday to protest the steepest ever increase in petrol price.
"This (the price
India frees sugar exports, global prices fall
India has removed any limit on sugar export volumes for now, a government source said on Wednesday, adding pressure to global prices, but the world's second-biggest producer could reinstate restrictio
Analysts downplay S&P downgrading, say nothing new in warning
Analysts and economists today termed Standard & Poor's decision to lower the country's rating outlook close to junk status (BBB-) as 'reactionary and out of context', saying there has been 'no immedia