IOC, HPCL hike petrol prices too<br/>

A day after BPCL raised petrol prices, state-run Indian Oil Corp (IOC), the nation&apos;s largest fuel retailer, on Wednesday hiked petrol prices by 2 rupees 96 paisa per litre effective from Wednesday midnight. A company official said, petrol at IOC pumps in Delhi will now cost 55 rupees 87 pai...

Sensex tanks 151 points; Closes at 19,648<br/>

Snapping a three-day winning streak, the Sensex at the Bombay Stock Exchange fell 151 points, or 0.8 percent, to 19,648, on profit-booking, and on weak Asian and European markets, today. Investors also turned cautious ahead of the Reserve Bank&apos;s monetary policy review, tomorrow. The Nifty a...

Revenue collections from indirect taxes increase 42.3 per cent

Hike in petrol prices due to rise in global crude oil prices: FM

The Union Finance Minister Mr. Pranab Mukherjee has said hike in petrol price was because of increase in prices of crude oil in the international market. Talking to reporters in Kolkata on Wednesday, he said, the price of crude oil in the international market has touched 90 dollars a barrel. Petrol ...

Centre bringing people-friendly new drug policy

Union Chemical and Fertilizers Minister Mr M.K. Alagiri has said that the centre is formulating a New Drug policy which would address the needs of the public and ensure access to affordable medicines. Speaking at a conference on Intellectual property rights: Challenges and way forward for the pharma...

BPCL hikes petrol prices by Rs 2.95/L

Bharat Petroleum Corp (BPCL) hiked petrol prices by about Rs 2.95 a litre and other state-owned oil companies Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) will follow suit midnight tonight. This would be the sixth price hike after petrol price deregulation. However...

Rupee down by 35 paisa against dollar in early trade

The Indian Rupee weakened by 35 paise to 45 rupees 29 paise a dollar in early trade at the Interbank Foreign Exchange today. This follows dollar&apos;s gains against other currencies.Besides, demand for the American currency from importers also kept pressure on the Indian rupee, according to For...

Sensex falls by 77 pts in opening trade

The Bombay Stock Exchange benchmark Sensex fell by nearly 77 points in the opening trade today. This follows profit-booking by funds amid a weak trend in the Asian region.The 30-share barometer, which had gained over 550 points in last three session, fell to 19,722.39 points in first five minutes of...

Inflation touches 11-month low of 7.48 per cent

Easing food prices pulled down the inflation rate to an 11-month low of 7.48 per cent in November, this year, from 8.58 per cent in October. Inflation had stood at 4.5 per cent in November 2009. This is the fourth consecutive month when overall inflation has been in a single digit. As per WPI data, ...

Inflation touches 11-month low of 7.48 per cent

Easing food prices pulled down the inflation rate to an 11-month low of 7.48 per cent in November, this year, from 8.58 per cent in October. Inflation had stood at 4.5 per cent in November 2009. This is the fourth consecutive month when overall inflation has been in a single digit. As per WPI data, ...