New Delhi: A major tragedy was averted here this morning when a fire broke out at GAIL’s natural gas pipeline here after it was perforated by civic construction contractors in which one person received minor injuries while four cars were gutted.The fire ... IndiaTV News, 1 month ago
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In contrast, pvt sector had Rs 4.6 lakh-cr cash in FY14. The government’s attempt to spearhead the investment cycle by prodding central public sector undertakings sitting on cash to scale up capital expenditure may have a subdued impact because of a decline in their profits in the past three years. At the end of March 2014, 54 major listed central government enterprises were sitting on cash and equivalents worth Rs 2 lakh crore (Rs 2 trillion), unchanged from a year ago. The amount is ...Rediff.com, 2 months ago
MahaVitaran continues to oppose conversion of RGPPL’s debt of Rs 405 crore (Rs 4.05 billion) into equity Despite fall in gas prices the revival of the 1,967-MW Dabhol power project will have to wait till a high-powered committee appointed by the Centre submits its report. Gas prices have fallen to $10 per million British thermal unit. But the fate of the power project, run by Ratnagiri Gas and Power Pvt Ltd, will hang in balance till the committee takes a decision on gas pooling, ...Rediff.com, 2 months ago
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356. Benchmark indices ended marginally higher, after a volatile day of trade, aided by gains in the shares of SBI, Tata Motors and ONGC. Sentiments were also lifted by a sharp recovery in the Chinese markets which saw Shaghai Composite index closing higher by around 3%. Provisionally, the 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356. Benchmark ...Rediff.com, 2 months ago Markets cheer Economic Survey; Sensex up nearly 500 points Rediff.com, 6 days ago Sensex ends 127 points higher; Nov IIP, Dec CPI eyed Rediff.com, 1 month ago Sensex slumps 855 points; 7th worst single-day fall in history Rediff.com, 1 month ago
The Brent crude oil prices decreased 47% on a YoY basis to USD 58 per barrel in February 2015 but rose 15% on a QoQ basis. For Q3FY’15 Brent crude oil prices were down 30% on a YoY basis and 25% on a QoQ basis to USD 77 per barrel. Oil prices had been on an upward trend since mid-January 2015 amid hopes that the supply glut is coming to an end due to cuts in capital spending by the oil majors and lower activity from US shale drilling. Earlier crude oil prices had plunged since June 2014 ...Rediff.com, 1 week ago
Markets ended flat amid a choppy session as traders remained cautious ahead of the key economic events such as Railway Budget, Economic Survey and Union Budget along with expiry of February derivative contracts this week. Further, global ratings agency Standard & Poor's report on India's sovereign credit worthiness also weighed on sentiment. Standard and Poor’s on Monday said the government must deliver on its reform promises, as low income levels and weak fiscal indicators were ...Rediff.com, 1 week ago Budget session begins; Sensex, Nifty southbound Rediff.com, 1 week ago Sensex ends above 29,000; SBI jumps 8%, M&M up 5% Rediff.com, 2 weeks ago
Benchmark indices ended higher for the sixth straight session led by the gains in financials, information technology and select auto stocks on hopes that the government will give a strong thrust to the reform agenda in upcoming budget which along with benign inflation data may provide the cue to the central bank to cut key rates further. The 30-share Sensex closed 184 points higher at 29,320 and the 50-share Nifty ended up 60 points at 8,869. In the broader market, both the BSE Midcap and ...Rediff.com, 2 weeks ago Markets cheer European bank stimulus; Sensex gains 273 points Rediff.com, 1 month ago Sensex, Nifty on a record-breaking spree; end at new highs Rediff.com, 1 month ago
Third-quarter corporate results show no signs of revival The third-quarter (or Q3, from October to December in 2014) corporate results suggest that demand remains sluggish across most sectors. The results of 1,243 companies across 57 industries (excluding banks and other financial companies) show that revenues have grown a token 2.5 per cent. Operating profits are flat and net profits have fallen by over eight per cent. It is difficult to discern overall signs of revival from these numbers.Rediff.com, 3 weeks ago
Indian corporate leaders have welcomed the landslide victory of the Aam Admi Party in New Delhi. Benchmark share indices snapped their seven-day losing streak, amid a volatile trading session, with bank and auto shares leading the gains. Further, Indian corporate leaders have welcomed the landslide victory of the Aam Aadmi Party in New Delhi and say the change will lead to good governance. Arvind Kejriwal emerged victorious in the high-profile New Delhi constituency by handing over a crushing ...Rediff.com, 3 weeks ago
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797. Benchmark indices closed lower on Monday as caution prevailed a day before the RBI policy review. Further, slower growth in Indian factory activity dampened market sentiment. The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797. However, broader markets outperformed the benchmark indices- BSE Midcap and ...Rediff.com, 1 month ago Sensex ends in red, Nifty at new closing high; bank stocks shine Rediff.com, 1 month ago Sensex in bearish mode; realty, metals shine Rediff.com, 2 months ago Sensex falls 251 points; oil and gas shares tumble Rediff.com, 2 months ago
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