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Gas price slump brings stocks of producers, retailers in focus

The fall in local gas prices, which are decided by the government on the basis of a formula that draws from prevailing prices at several international hubs, has hit producer companies such as ONGC and Oil India who say they are incurring losses.
See $2-3bn outflows in a month; Nifty may hit 5200: Kotak

Kotak Institutional Equities expects to see rupee at 62 to the dollar. A further fall is imperative because Reserve Bank of India (RBI) has very few options to stem the rupee fall.
RIL refuses to hike gas production till price is hiked

CNBC-TV18's Nayantara Rai explains that while RIL pleaded inability to hike production on refusal of the government to approve its budget and development plans, it seems that RIL will not hike its gas production even after being granted the government approvals.

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Gas Price Formula

Gas price slump brings stocks of producers, retailers in focus

See &#36;2-3bn outflows in a month; Nifty may hit 5200: Kotak

RIL refuses to hike gas production till price is hiked

See $2-3bn outflows in a month; Nifty may hit 5200: Kotak