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3 days ago
Modi government has mastered art of economic disasters: Congress

New Delhi, Nov 15 (IANS) The Congress on Wednesday accused the Modi government of mastering the art of indulging in economic disasters owing to its faulty policies, leading to a fall in exports and expanding trade deficit, apart from rising prices. A disaster called the Modi government has struck the Indian economy for the last three and a half years. Be it demonetisation or a flawed Goo...

4 days ago
Where are the promised jobs, Chidambaram asks Modi

Ahmedabad, Nov 14 (IANS Former Union Finance Minister and senior Congress leader P . Chidambaram on Tuesday asked Prime Minister Narendra Modi to explain about the jobs he had promised to create in the run-up to the 2014 general elections. He also lashed out at the National Democratic Alliance government at the Centre for demonetisation and Goods and Services Tax which he said w...

10 days ago
JK Lakshmi Cement sales up 10% in Q2 FY18

Mumbai, Nov 8 (IANS) JK Lakshmi Cement on Wednesday reported a growth of 10 per cent in its sales volume during the July-September quarter of 2017-18. According to the company, strong volume growth enabled it to achieve net sales of Rs 776.65 crore during the quarter -- up 18 per cent -- as against Rs 655.57 crore reported during the corresponding quarter of the last fiscal. Howe...

1 month ago
Maharashtra, Gujarat, Himachal cut VAT on fuel

Mumbai, Oct 10 (IANS) Maharashtra, Gujarat and Himachal Pradesh on Tuesday announced cuts in Value Added Tax (VAT) on petrol and diesel, effective from midnight, to bring down fuel prices in the three states. While BJP-ruled Maharashtra and Gujarat announced a 4 per cent VAT cut, the Congress-ruled Himachal Pradesh cut VAT by 1 per cent. The net reduction in petrol and diesel pri...

1 month ago
Petrol, diesel to be cheaper in Maharashtra as VAT reduced

Mumbai, Oct 10 (IANS) Petrol and diesel products will become cheaper in Maharashtra from midnight on Tuesday due to four per cent reduction in Value Added Tax (VAT), an official said here. The net reduction in petrol and diesel prices will be around Rs 2.33 per litre and Rs 1.25 per litre respectively, though the various cess levied by the state have not been reduced, said All India Petr...

1 month ago
Truckers go off roads to protest GST, daily diesel price revision

New Delhi, Oct 9 (IANS) Hundreds and thousands of trucks kept off the roads across the country on Monday beginning a two-day strike to protest against the GST and calling for an end to daily revision of fuel prices. The strike sparked price rise due to an imminent disruption in supplies of essential commodities ahead of Diwali. The decision to strike, which began at 8 a.m., came after la...

4 months ago
Over 2,000 fuel pumps to remain shut in Kerala on Tuesday

Thiruvananthapuram, July 10 (IANS) With over 2,000 petrol pumps across Kerala threatening to observe a shutdown on Tuesday, serpentine queues were seen outside many stations in the state on Monday. The petroleum dealers have announced the shutdown to protest the new policy of petroleum companies, necessitating daily revision of petrol and diesel prices, saying it's causing them losses.

5 months ago
Daily fuel price revision: India joins select nations

Mumbai, June 16 (IANS) India on Friday joined the league of select countries like the US and Australia where fuel prices are revised on a daily basis. The development comes after the three state-owned oil marketing companies (OMCs) -- Indian Oil, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -- rolled-out the daily dynamic pricing mechanism for petrol and diesel from F...

5 months ago
Petrol, diesel prices to come down from Friday

New Delhi, June 15 (IANS) Petrol will become cheaper by Rs 1.12 per litre while diesel price per litre will be lower by Rs 1.24, excluding state levies, from Friday. The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price...

5 months ago
Petrol, diesel prices to come down from Friday

New Delhi, June 15 (IANS) Petrol will become cheaper by Rs 1.12 per litre while diesel price per litre will be lower by Rs 1.24, excluding state levies, from Friday. The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price...

5 months ago
Indian Oil tests protocols for implantation of dynamic pricing

Mumbai, June 15 (IANS) State-run Indian Oil Corp. on Thursday said it has successfully tested all protocol systems related to dealers and customers to ensure a successful roll out of the daily dynamic pricing structure for petrol and diesel prices from June 16. Petrol and diesel prices will be revised daily from June 16 onwards by the three oil marketing companies (OMCs) in sync with glo...

5 months ago
Daily pan-India fuel pricing from Friday, dealers won't strike

New Delhi, June 14 (IANS) The hurdles have been cleared for India to switch over from Friday to the daily pricing mode for transport fuels in line with global rates as petroleum dealers have withdrawn their call for closure of vends on June 16. The government agreed to their demand that the price announcement would be daily made at 6 a.m. instead of midnight. Petroleum Minister Dharmend...

5 months ago
Oil firms set up system for smooth daily fuel price change

New Delhi, June 11 (IANS) State-run oil marketing companies (OMCs) have set up a system for the smooth rollout of the daily revision of transport fuel prices across the country, the biggest OMC Indian Oil Corp (IOC) said on Sunday, even as a petrol pump dealers' body threatened to go on strike against dynamic fuel pricing. Petrol and diesel prices will be revised daily from June 16 onwar...

5 months ago
Petrol/diesel prices to change daily from June 15

Mumbai, June 8 (IANS) Petrol and diesel prices will be revised daily from June 15 onwards by the three Indian oil marketing companies in sync with global crude oil prices, officials said here on Thursday. Daily revision of Retail Selling Prices (RSP) has already been implemented on a pilot basis in Udaipur, Jamshedpur, Visakhapatnam, Chandigarh, and Puducherry from May 1. After t...

5 months ago
Normal monsoon to boost commercial vehicle loans: Moody's, ICRA

Singapore, June 8 (IANS) Credit rating agencies Moody's Investors Service and ICRA on Thursday said a well-distributed and timely monsoon will be pivotal for a continued recovery in the performance of a range of retail loans impacted by demonetisation. According to a statement, Moody's believes that a normal monsoon will boost the performance of commercial vehicle (CV) loans backing Indi...

5 months ago
Petrol, diesel prices to go up from Thursday

New Delhi, May 31 (IANS) Petrol price will be costlier by Rs 1.23 per litre, while diesel price per litre will be higher by 89 paise excluding state levies from Thursday, the Indian Oil Corporation announced on Wednesday. Prices of the two main transportation fuels were last hiked on May 1, when petrol price was increased by 1 paise per litre, while that of diesel was raise by 44 paise a...

5 months ago
Petrol, diesel prices to go up from Thursday

New Delhi, May 31 (IANS) Petrol price will be costlier by Rs 1.23 per litre, while diesel price per litre will be higher by 89 paise from Thursday, the Indian Oil Corporation announced on Wednesday. Prices of the two main transportation fuels were last hiked on May 1, when petrol price was increased by 1 paise per litre, while that of diesel was raise by 44 paise a litre. --IANS<...

5 months ago
IOC awaits Centre nod on dynamic fuel pricing across India

New Delhi, May 25 (IANS) The ongoing dynamic fuel pricing pilot project in five cities by state-run oil marketers, whereby transport fuel prices are changed daily, would only be extended elsewhere in India on receiving the government's green signal, a senior oil executive said on Thursday. We started dynamic pricing in five cities in May. The pilot project is on-going, India Oil Corp (IO...

5 months ago
Petrol, diesel become cheaper in Uttarakhand

Dehradun, May 23 (IANS) With the carbon cess being withdrawn, petrol and diesel have become cheaper in the hill state of Uttarakhand from Tuesday, officials said. Petrol prices have been slashed by 25 paise a litre while diesel prices have come down by 50 paise per litre, the officials said. An order to this effect was issued by the state government late on Monday. The T...

6 months ago
JK Lakshmi Cement's Q4 standalone net profit down 19%

Mumbai, May 17 (IANS) JK Lakshmi Cement on Wednesday reported a decline of 19.40 per cent in its standalone net profit for the quarter ended March 31, 2017. According to the company, its net profit during the quarter under review decreased to Rs 20.85 crore from Rs 25.87 crore reported in the corresponding period of 2015-16. However, the cement manufacturer's total income during ...

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