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JUN 27 2012

Screening panel route flouted in coal block allocation: BJP

  • Business Standard, BS Reporter/ New Delhi, 27 June 2012
  • Created:Wed 27th JUN 2012

The Bharatiya Janata Party (BJP) on Tuesday said the coal ministry had allocated some blocks to companies without following the screening committee route.BJP member of ...

JUN 27 2012

Saxena is CILs Director (Marketing)

  • Business Line, Our Bureau / Kolkata, 27 June 2012
  • Created:Wed 27th JUN 2012

Mr B.K. Saxena joined as Director (Marketing) of Coal India Ltd. The position was lying vacant for more than a year since retirement on superannuation of Dr A.K. Sarkar. Mr Saxena was ...

JUN 27 2012

Gujarat High Court declines Essar Oil plea on sales tax

  • Business Line, R.Y. Narayanan / Coimbatore, 27 June 2012
  • Created:Wed 27th JUN 2012

The Gujarat High Court has not accepted the petition of Essar Oil Ltd for direction to the Gujarat Government on repayment of sales tax amounting to nearly Rs 6,300 ...

JUN 27 2012

Soft crude oil prices booster for oil marketing companies

  • Business Standard, Ujjval Jauhari / Mumbai, 27 June 2012
  • Created:Wed 27th JUN 2012

Reduction in spite of rupee depreciation should mean better profitability, plus reduced pressure on working capitalThe nearly 25 per cent reduction in crude oil prices to ...

JUN 27 2012

Crude futures rise to Rs 4,529 per barrel

  • Business Line, PTI / New Delhi, 27 June 2012
  • Created:Wed 27th JUN 2012

Crude oil futures prices recovered marginally by 0.07 per cent to Rs 4,529 per barrel today after speculators created fresh positions, tracking a firming trend in Asian ...

JUN 27 2012

Crude imports burn-up $160-bn in FY12: Assocham

  • Business Line, PTI / New Delhi, 27 June 2012
  • Created:Wed 27th JUN 2012

India spent a staggering $160 billion to import crude oil in 201112, an amount equivalent to more than half of the countrys total earnings from exports during the same period, a study has ...

JUN 27 2012

South Korea to halt Iran oil imports as EU ban bites

  • Reuters, Seoul / 27 June 2012
  • Created:Wed 27th JUN 2012

South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on ...

JUN 27 2012

Ferrying oil in Iran ships may violate port rules

  • Mint, P. Manoj / 27 June 2012
  • Created:Wed 27th JUN 2012

The cover provided by Iranian firms to ships does not conform to the rules notified by the Indian governmentThe shipping ministry will allow state-run oil refiners to ...

JUN 27 2012

Haldia Petrochemicals needs lenders backing

  • Mint, Aniek Paul / 27 June 2012
  • Created:Wed 27th JUN 2012

A week ago, Partha S. Bhattacharyya resigned as managing director of Haldia Petrochemicals Ltd (HPL) after the West Bengal government, one of the firms co-promoters, stepped up efforts to ...

JUN 27 2012

Sensex edges higher as oil companies extend rally

  • Mint, Manoj Dharra / 27 June 2012
  • Created:Wed 27th JUN 2012

The 30-share BSE index gained 0.14% to 16,906.58 points, after falling 0.9% over the previous two sessionsIndias benchmark index, or Sensex, edged higher on Tuesday as ...

JUN 27 2012

Big users bet on more oil price falls

  • Financial Express, Javier Blas / London, 27 June 2012
  • Created:Wed 27th JUN 2012

Airlines, trucking companies and other big energy consumers are betting on further oil price falls, with many reluctant to lock in at current levels amid fears prices could plunge if the ...

JUN 27 2012

We dont need more oil

  • Financial Express / New Delhi, 27 June 2012
  • Created:Wed 27th JUN 2012

It was precisely because Indias oil production was stagnating at around 30 million tonnes in the 1990s that the government decided to bring in private players in the mid-90s, the terms for ...

JUN 27 2012

Speeding towards a dieselised economy

  • Financial Express, Shantanu Sinha, Alaric Diniz, Kalpana Jain / New Delhi, 27 June 2012
  • Created:Wed 27th JUN 2012

The Indian situation on refined hydrocarbon products pricing is coming to a head and a diesel price increase would be the logical act to follow after the recent petrol price ...

JUN 27 2012

Soon, petrol prices may change daily

  • Economic Times, Sanjay Dutta / New Delhi, 27 June 2012
  • Created:Wed 27th JUN 2012

Soon, petrol price could move daily just like in the US, Europe and Brazil. The oil ministry is pushing state-run fuel retailers to revise the price every day in tune with international ...

JUN 27 2012

Oilcos spends on exploration down to trickle

  • Financial Express, Gireesh Chandra Prasad, Prashant Mukherjee / New Delhi, 27 June 2012
  • Created:Wed 27th JUN 2012

Soon, petrol price could move daily just like in the US, Europe and Brazil. The oil ministry is pushing state-run fuel retailers to revise the price every day in tune with international ...

JUN 27 2012

RIL completes 25% of targeted buyback

  • Financial Express / Mumbai, 27 June 2012
  • Created:Wed 27th JUN 2012

Reliance Industries (RIL) has bought back stocks worth R2,145 crore since the launch of its share repurchase programme in February achieving 25% of the targeted ...

JUN 27 2012

RIL demands higher gas price from 2014

  • Business Line, PTI / New Delhi, 27 June 2012
  • Created:Wed 27th JUN 2012

Reliance Industries has demanded tripling of its KGD6 gas price from April 1, 2014 after the current below market rate of $ 4.205 per mmBtu expires.RIL on June 15 wrote to ...

JUN 27 2012

Pipeline delay to hit Petronet's capacity usage

  • Business Standard, Ajay Modi / New Delhi, 27 June 2012
  • Created:Wed 27th JUN 2012

Petronet LNG Ltd, the countrys biggest gas importer, will operate its upcoming five-million-tonne Kochi terminal at just 20 per cent of its capacity for a year, due to delay in commissioning ...

JUN 26 2012

HPERC issues order on Transmission and Wheeling Charges

  • IEX Bulletin
  • Created:Tue 26th JUN 2012

  HPERC has issued an order on Determination of Transmission and tentative Wheeling Charges under Open Access Charges on 26th June, 2012. ...

JUN 26 2012

BHEL to recruit 11,000 people in 12th Plan

  • Business Line, Our Bureau / Chennai, 26 June 2012
  • Created:Tue 26th JUN 2012

In the 11th Plan period, the public sector power equipment major, BHEL, recruited 7,266 people more than the number of employees who retired. However, in the 12th Plan period, manpower ...