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Petroleum ministry wants $6.77 as price for natural gas
May 21, 2013 at 07:10 | Source: DNA India
After months of debate and lobbying from different sectors, the ministry of petroleum (MoP) has recommended a price of $6.77 per unit for natural gas produced in the country. The pricing is lower than what was recommended by the Rangarajan committee...
95 killed in Syrian violence: Report
May 21, 2013 at 07:00 | Source: FirstPost
Damascus, May 21 (IANS) A total of 95 people, including 23 Hezbollah members, have been killed in an intense fighting in Syria's Al-Qussair city since Saturday, the Britain-based Syrian Observatory for Human Rights said Monday.The toll comprises four...
Between India and China, even glacial change is progress
May 21, 2013 at 06:45 | Source: FirstPost
During US President Richard Nixon's history-making "ping-pong" diplomacy tour of China in 1971, Chinese Premier Zhou Enlai was asked for his thoughts on the lessons and the impact of the French Revolution.Zhou famously responded to say that...
India-China ties key to world peace: Chinese premier Li Kequiang
May 21, 2013 at 06:22 | Source: DomainB
Chinese Premier Li Keqiang today pledged to build trust with India, and declared that ties between the Asian giants were a key to world peace. Visiting New Delhi only weeks after a border spat in the Himalaya (See: Chinese troops intrude into easter...
Dollar falls as Fed’s Evans calls for more time
May 21, 2013 at 06:22 | Source: Market Watch
NEW YORK (MarketWatch) — The dollar fell on Monday, but still traded at nearly five-year highs against the Japanese yen, as a Federal Reserve president said more time is needed to assess labor-market progress. Against the yen, the U.S. dollar (ICA...
Tumblr fans get sassy on Yahoo takeover news
May 21, 2013 at 06:22 | Source: Economic Times
SAN FRANCISCO: Tumblr lovers were quick to express ire in trademark sassy posts Monday after news that Yahoo! is buying the blogging platform in a $1.1 billion deal. Reaction was swift as the youthful user base of Tumblr put the California company on...
BSE Sensex, Nifty end lower; pharma stocks take hit
May 21, 2013 at 06:22 | Source: DomainB
Indian shares took a breather on Monday and closed marginally in red on profit booking after hitting fresh 2.5 year highs. Pharma companies dragged key equity benchmarks lower while major auto stocks ended in green. The Sensex closed at 20223.98, do...
Gold futures to fall past one-month low
May 21, 2013 at 05:45 | Source: FirstPost
MUMBAI (Reuters) - Gold futures in India are likely to fall past their lowest level in a month, weighed by expectations of a strong dollar, dimming the yellow metal's appeal as an alternative investment.At 12.22 p.m., the actively traded gold for Jun...
India-China ink 3 MoUs including buffalo meat, pharmaceuticals
May 21, 2013 at 05:31 | Source: Economic Times
NEW DELHI: India and China signed three separate agreements on Monday to give access to three of India's exports to address the imbalanced trade between the two countries. The trade deficit between the two countries has increased from $19.2 billion ...
India-China border riddle: To settle or to manage?
May 21, 2013 at 05:31 | Source: Economic Times
By: Debasish R Chowdhury Candid' is not a good word in the understated lexicon of diplomatese. And, going by the joint press conference by Manmohan Singh and Li Keqiang, they seem to have had a lot of candid discussions in the past couple of days. A...
Chicago NRIs' meet extends support to Kejriwal’s party
May 21, 2013 at 05:31 | Source: The Hindu BusinessLine
Washington, May 20: A group of Indian-Americans from as many as 20 cities held a meeting in Chicago over the weekend and extended full support to the political movement of change being spearheaded by the Aam Aadmi Party (AAP) led by social activist ...
Essar Oil in debt-for-fuel deal with China
May 21, 2013 at 05:30 | Source: DNA India
Essar Oil Ltd will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina. Essar Oil could sign a preliminary agreement with...
China 'cannot be free rider on trade'
May 21, 2013 at 03:52 | Source: BBC
China cannot be a free rider in global trade, the EU's trade commissioner has warned. Karel De Gucht said that China had to take responsibility for the global trading system, just as the EU did. Mr De Gucht's comments come just days after t...
May 21, 2013 at 03:52 | Source: Calcutta Telegraph News
New Delhi, May 20: India and China aim to increase bilateral trade to $100 billion by 2015 and have agreed to take steps to reduce the imbalance through greater co-operation in areas such as pharmaceuticals and IT. “While striving to realise t...
May 21, 2013 at 03:52 | Source: Calcutta Telegraph News
New Delhi, May 20: The cabinet will soon take up an oil ministry proposal to raise the price of natural gas to about $6.7 per million British thermal unit (mBtu) from $4.2 per mBtu now. Though the new proposal is lower than the $8-$8.5 per mBtu that...
FM hints at fresh curbs on gold
May 21, 2013 at 03:52 | Source: Calcutta Telegraph News
New Delhi, May 20: The government today said it was open to taking more steps against gold imports. The spike in gold imports has increased pressure on the country’s trade and current account deficits, and limited the scope of monetary easing ...
Essar Oil to sign $1 billion debt-for-fuel deal with China
May 21, 2013 at 03:30 | Source: FirstPost
MUMBAI/NEW DELHI (Reuters) - Essar Oil Ltd(ESRO.NS) will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina.Essar Oil cou...
India, China border experts will meet soon
May 21, 2013 at 03:30 | Source: FirstPost
New Delhi, May 20 (IANS) Special representatives of India and China will meet soon to discuss their disputed border where Chinese incursion sparked tensions recently, Prime Minister Manmohan Singh said Monday.Speaking to the media jointly with Chines...
Gold jewellers face shortage of stocks, premiums still high
May 21, 2013 at 02:30 | Source: FirstPost
MUMBAI (Reuters) - Jewellers in India faced shortage of the yellow metal ahead of the key wedding season, keeping premiums supported at higher levels, despite meeting part of the demand through left over consignment stocks from banks.On May 13, the R...
UK tries out new model for gene testing in cancer patients
May 21, 2013 at 02:15 | Source: FirstPost
LONDON (Reuters) - Britain launched a research programme on Monday that should eventually allow all cancer patients to have access to the kind of genetic analysis that led Hollywood star Angelina Jolie to decide to undergo a double mastectomy.The pro...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
