Jan 28, 2015 at 18:43 | Source: Moneycontrol.com
As the fall in crude oil prices have set the stage right for a cut in subsidies, government has taken steps in the right direction by opting for direct benefit transfer.
Jan 28, 2015 at 17:36 | Source: CNBC-TV18
Asian Paints, the largest paint company in India, is likely to see better profitability in Q3 due to favorable raw material costs. Consolidated profit is expected to rise a healthy 29.8 percent year-on-year to Rs 428 crore during October-December quarter.
Jan 28, 2015 at 13:00 | Source: Moneycontrol.com
Crude-oil prices have slumped after OPEC decided at its November meeting not to cut its output despite a combination of a global supply glut and lackluster demand.
Jan 28, 2015 at 11:58 | Source: PTI
At the Multi Commodity Exchange, crude oil for delivery in February fell by Rs 24, or 0.84 percent, to Rs 2,818 per barrel in 2,486 lots. Oil for the far-month March delivery moved down by Rs 22, or 0.75 percent, to Rs 2,893 per barrel with a turnover of 156 lots.
Jan 27, 2015 at 12:29 | Source: Reuters
Saudi Arabia is the world's top oil exporter and largest producer in OPEC, which in November declined to cut its oil output to arrest the decline in oil prices and decided instead to focus on market share
Jan 27, 2015 at 10:07 | Source: PTI
Oil has lost more than half its value since June last year when the commodity was sitting at more than USD 100 a barrel due to a supply glut, boosted largely by robust US shale oil production, and weak global demand
Jan 24, 2015 at 14:47 | Source: PTI
With oil prices touching "rock bottom", there is an opportunity for countries to cut energy subsidies worth USD 2 trillion, International Monetary Fund's chief Christine Lagarde said today.
Jan 23, 2015 at 20:21 | Source: PTI
Saudi King Abdullah bin Abdulaziz died today, weeks after he was hospitalised and was succeeded by his half-brother Salman, who called for "unity and solidarity" among Muslims in the birthplace of Islam, also the world's top oil exporter.
Jan 23, 2015 at 15:04 | Source: CNBC
Nymex WTI crude oil futures rose as much as 2.5 percent to USD 47.76 after the news broke but trended back down to USD 47.25 by mid-day in Asia.
Jan 23, 2015 at 14:57 | Source: CNBC-TV18
During the companys earnings declaration, Deepak Nitrite announced that its board had approved raising of Rs 200 crore through a qualified institutional placement (QIP) issue.