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MAY 31 2012

CESC hikes power tariff by 15 paise per unit

  • Business Line, PTI / Kolkata, 31 May 2012
  • Created:Thu 31st MAY 2012

Kolkatans will have to shell out more money for their monthly electricity bill as private power utility CESC today raised its tariff by 15 paise per unit.CESC Executive ...

MAY 31 2012

Akhilesh accuses previous BSP govt of buying power at higher rates

  • Business Line, Press Trust Of India / Lucknow, 31 May 2012
  • Created:Thu 31st MAY 2012

The dismal power situation in the State led to walkouts in the Uttar Pradesh Assembly even as the Chief Minister, Mr Akhilesh Yadav, accused the Congress-led Central Government of not ...

MAY 31 2012

Sparks fly over stalled BHEL projects in Tamil Nadu

  • Business Standard, T E Narasimhan & Gireesh Babu / Chennai,31 May 2012
  • Created:Thu 31st MAY 2012

Neyvelli Lignite accuses the power equipment supplier for delays. BHEL says it is not to blameMining and power generating company Neyveli Lignite Corporation (NLC) ...

MAY 31 2012

National power bourse gets merger offers from 2 others

  • Business Standard, Sanjay Jog / Mumbai, 31 May 2012
  • Created:Thu 31st MAY 2012

The National Power Exchange (NPEX), the country’s third power exchange which is yet to launch its operations, has received separate merger proposals from the other two power ...

MAY 31 2012

GoM gives green signal to Chhatrasal, Mahan coal blocks

  • Economic Times, ET Bureau / New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

The government has removed roadblocks to coal mining by leading business houses and taken the first step to relax scrutiny of corporate expenditure on oil and gas fields, in a burst of ...

MAY 31 2012

Coal Ministry examines CRISIL bid for consultancy contract

  • Business Line, Our Bureau / New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

Coal Ministry is examining the bid placed by CRISIL for contract to prepare a framework for auctioning of coal blocks.“We are examining the bid and would award ...

MAY 31 2012

CIL to Outperform: CS

  • Economic Times / 31 May 2012
  • Created:Thu 31st MAY 2012

Credit Suisse has maintained its Outperform rating on Coal India,citing expectations of price increases as the main reason.Q4 results and the analyst meet/ call suggest that price increases ...

MAY 31 2012

Losing Credibility

  • Economic Times / 31 May 2012
  • Created:Thu 31st MAY 2012

Team Anna,with its rants,is beginning to do more harm than good By calling the prime minister names and asking for investigations into an alleged coal ...

MAY 31 2012

No light at end of pipeline yet for Cairn in Jamnagar

  • Business Line, Our Bureau / Ahmedabad, 31 May 2012
  • Created:Thu 31st MAY 2012

Uncertainty prevails over Cairn India’s 74-km section of the 670-km-long Barmer-Jamnagar crude oil pipeline. Landowner farmers in 24 villages of Salaya and Bhogat taluks in ...

MAY 31 2012

Karuna Blows Hot and Cold Over Petrol Price Hike

  • Economic Times / Chennai, New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

After threatening to quit UPA, Karun does a U-turn DMK chief M Karunanidhi, who has been seeking a rollback of the petrol price hike, hit the streets on ...

MAY 31 2012

Weak euro and oil payments drag rupee past 56/$

  • Business Standard, BS Reporter / Mumbai, 31 May 2012
  • Created:Thu 31st MAY 2012

Month-end dollar demand from oil marketing companies and growing risk aversion globally led the rupee past the psychological level of 56 against the dollar. However, frequent interventions ...

MAY 31 2012

Nomura Neutral on HPCL

  • Economic Times / 31 May 2012
  • Created:Thu 31st MAY 2012

Japanese investment bank Nomura has assigned a Neutral rating to Hindustan Petroleum Corporation (HPCL) with a price target of.380.Although the recent sharp increase in the petrol price is ...

MAY 31 2012

ONGC to focus on deepwater, shale strategy to double production, triple profit by 2030

  • Economic Times, Bloomberg / New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

Oil & Natural Gas Corp, India's biggest energy explorer, plans to focus on shale and deepwater areas to double production and triple profit by 2030 as it competes with China to ...

MAY 31 2012

NDA calls for nationwide bandh today

  • Business Standard, BS Reporter / New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

But senior leaders, worried about the severe heat, may not join protestThe Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) has called for a nationwide ...

MAY 31 2012

Brent crude dips to $106 per barrel

  • Business Line, PTI / Singapore, 31 May 2012
  • Created:Thu 31st MAY 2012

Oil prices edged lower in Asian trade today as concerns that debt-plagued Spain could be forced to seek a bailout roiled the markets.Prices were under pressure after the ...

MAY 31 2012

Crude futures fall to Rs 5,086 per barrel

  • Business Line, PTI / New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

Crude oil futures prices today fell 0.22 per cent to Rs 5,086 per barrel, as speculators engaged in reducing their positions amid a weakening trend overseas.At the Multi ...

MAY 31 2012

Court tells Centre to file affidavit on PIL against petrol hike

  • Business Line, PTI / Mumbai, 31 May 2012
  • Created:Thu 31st MAY 2012

The Bombay High Court today directed the Centre, Petroleum Ministry and Finance Ministry to file an affidavit by June 20 in response to a petition which claimed that the recent petrol price ...

MAY 31 2012

Oil mystery

  • Business Line, Chennai / 31 May 2012
  • Created:Thu 31st MAY 2012

The impressive financial results and profits posted by public sector oil companies, IndianOil and Bharat Petroleum, for the fiscal 2011-12, add credence to the perception that these ...

MAY 31 2012

Diesel could be more injurious to health

  • Mint,Jacob P. Koshy / 31 May 2012
  • Created:Thu 31st MAY 2012

The increasing demand for diesel cars on the back of rocketing petrol prices could take more of a toll on your health than it does on the environment.The differential ...

MAY 31 2012

BPCL: Riding high on E&P gains

  • CLSA
  • Created:Thu 31st MAY 2012

Exploratory upsides and refining gains should more than offset the negatives arising in the fuel marketing businessAfter scaling a 52-week high of Rs 768.40 on May 16, ...