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Petrol Price Rollback: Oil Retailers to Cut Petrol Price by Rs 2 Per Litre

State oil retailers - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp have agreed to rollback petrol price by Rs 2 per litre following public outcry over its decision to hike petrol price.

Jun 2, 2012

India Adopts Austerity Plan; Analysts Say Measures Won't Impact Unproductive Expenditures

Prompted by the growing fiscal deficit, the Indian government on Thursday announced several austerity measures in an attempt to curtail unproductive expenditures for the current fiscal.

Jun 1, 2012

Bharat Bandh Halts Normal Life, Violence In Various Parts of the Country, Schools and Colleges Declare Holiday

The Bharat Bandh called by the BJP-led National Democratic Alliance (NDA), the Shiv Sena, the Republican Party of India (RPI) and other political parties has halted the normal life across the country on Thursday.

May 31, 2012

Morgan Stanley Downgrades India's Telecom Sector; Reliance Communications, Idea Shares Fall

India's telecom industry suffered a blow on Tuesday, with Global firm Morgan Stanley downgrading its outlook on two of the nations' telecom companies.

May 29, 2012

Moody's Positive on India's Ratings Despite Depreciating Rupee

Rating agency Moody's has said that India's sovereign ratings will remain intact despite the depreciating rupee.

May 28, 2012

No Hike In Diesel, LPG, Kerosene Rates; Diesel Car Prices May Shoot Up

Oil Minister Jaipal Reddy said on Monday that the rates for diesel, domestic LPG and kerosene will remain the same and that the government is not considering a revision of fuel rates for the time being

May 28, 2012

Goldman Sachs, Bank of America Downgrade India's Growth Outlook

India's growth story comes crashing with Goldman Sachs and Bank of America-Merrill Lynch being the latest global firms to downgrade economic forecasts for the country on Friday.

May 25, 2012

Petrol Price Hike To Severe Public Health Risk, Favours the Rich: CSE

Amidst criticism and protest from various political parties and the public over the hike of petrol price by over seven rupees, Centre for Science and Environment (CSE) has come down heavily on the government, saying that the hike favours the rich and will severe public health.

May 25, 2012

India Warns of Potential Ban on EU Airlines over Carbon Tax Dispute

European airlines may risk an embargo from India's airspace, should Brussels impose sanctions on Indian carriers over carbon emissions. Brussels is facing the heat from several nations, including China, Russia, over an EU carbon emissions trading scheme that called for charging airlines over pollution. Civil aviation minister Ajit Singh hinted the possibility of a ban on EU carriers in an interview.

May 25, 2012

Congress Against Petrol Price Hike; Govt Considers Partial Rollback: Sources

The latest media reports suggested that the government is contemplating a partial rollback in the recent steep petrol price hike. According to the sources the government might slash about Rs 2 to 2.50 per litre, while the Congress party is demanding to scale down about Rs 3 to 5 in the latest hike.

May 24, 2012

a-gas-nozzle-is-used-to-pump-petrol-at-a-station

Petrol Price Hike: 5 things to Watch Out For

The announcement of the government to hike petrol price by Rs 7.50 per litre, which will come into effect on Thursday, has not gone down too well with the public and government allies. The Bharatiya Janata Party (BJP) is even planning a nation-wide bandh to demand immediate rollback of the petrol price hike.

May 24, 2012

Petrol Price Hike: BJP Calls For India Strike — 'Bharat Band' On May 31 Against UPA's Anniversary Gift

The Bharatiya Janata Party (BJP), which is holding its national executive meeting on Thursday, announced an India shutdown on May 31 on behalf of the National Democratic Alliance (NDA).

May 24, 2012

Auto Stocks Plunge Amidst Petrol Price Hike

BSE Auto index took a hit on Thursday morning trade session amidst petrol price hike. Maruti Suzuki took the worst hit, trading shares at Rs. 1,132 and reporting a fall of 1.67 percent at At 1:22 p.m.

May 24, 2012

Outrage Over Steep Petrol Price Hike: Hilarious Tweets Of Fuming Commoners a.k.a 'Aam Aadmi' (TWEETS)

Massive outrage flared all over India as the sharpest hike in petrol prices took effect on Thursday.

May 24, 2012

Petrol Price Hike In India: Rates Before And After Hike

The Indian Government Wednesday announced the single largest hike in petrol prices by Rs. 7.50 per liter (including tax). The hike price came into effect from midnight and has led to a nationwide protest with the common man, the government's allies and oppositions fuming over the issue.

May 24, 2012

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