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07:50 Explained: What impacts petroleum prices



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  • APSEZ incorporates wholly-owned arm Adani Bhavanapadu Port

    22 May, 2018 12:53 PM 42

    Adani Ports and Special Economic Zone (APSEZ) today said it has incorporated a wholly-owned subsidiary - Adani Bhavanapadu Port Private Limited Ltd (ABPPL). The newly formed entity which would operate in the port sector is yet to commence operations, APSEZ said in a BSE filing. "APSEZ has incorporated wholly-owned subsidiary company 'Adani Bhavanapadu

  • NCLAT issues notice to Bhushan Steel RP, CoC on L&T's plea; makes Tata Steel party

    22 May, 2018 10:35 AM 54

    New Delhi: The National Company Law Appellate Tribunal on Tuesday issued notice to the resolution professional (RP) and Committee of Creditors (CoC) of Bhushan Steel over the plea filed by its operational creditor L&T. NCLAT also impleaded Tata Steel, whose bid for the debt ridden firm has been approved, as party over L&T plea seeking to recover Rs 900 crore

  • SBI posts Q4 net loss of Rs 7,718 crore on higher bad loans

    22 May, 2018 10:35 AM 39

    New Delhi: The country's largest lender SBI on Tuesday posted a standalone net loss of Rs 7,718.17 crore for the March quarter due to higher non-performing assets (NPAs). The bank had reported a net profit of Rs 2,814.82 crore in the corresponding period of 2016-17. Sequentially, the loss widened from Rs 2,416.37 crore in the third quarter ended December

  • Hyundai to hike car prices by 2%

    22 May, 2018 8:05 AM 30

    Car-maker Hyundai Motor India Ltd. (HMIL) has announced a price increase up to 2%. “ We have been absorbing the increase in input costs with increase in commodity prices, freight increase with hike in fuel prices and also the increase in custom duties of certain components. We are now constrained to pass the same to customers with a increase of up to 2% from June 2018,” said Rakesh

  • KJMC Financial Services' board meeting held on May, 21, 2018

    21 May, 2018 5:13 PM 35

    1.The Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended March 31,2018 as recommended by the Audit Committee of the Board of Directors of the Company. 2.The Auditor's Report on Standalone and Consolidated Audited Financial Results of the Company for the fourth quarter and financial year ended

  • AAP hits out at Centre for rise in fuel prices

    21 May, 2018 4:53 PM 36

    The Aam Aadmi Party (AAP) today hit out at the BJP-led central government for the price hike in petrol and diesel, saying it "adversely" affected the livelihood of the common man. The people of the country felt "cheated" by the Narendra Modi government in the wake of the increased prices of petrol and diesel, AAP's chief spokesperson Saurabh Bhardwaj

  • Ultra Tech to acquire Century Textiles' cement business

    21 May, 2018 4:05 PM 34

    New Delhi: Aditya Birla Group firm UltraTech said it would acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal, a move which would further consolidate its position as market leader in the segment. The Board of Directors of UltraTech Cement, at its meeting held today, approved a scheme of arrangement

  • Facebook apologises after its Android app spooks users by asking for ‘superuser access’

    21 May, 2018 1:13 PM 26

    A 'superuser access' gives larger access to an app that is enough to control the phone’s activities. Some Facebook Android app users globally are spooked after the app asked to allow ‘superuser access’ that grants full access to the phone. This comes even as Facebook finds itself at the centre of the blame emanating from the Cambridge Analytica

  • Vodafone rolls out VoLTE in Kolkata, to launch pan-India soon

    21 May, 2018 1:11 PM 37

    Vodafone India today launched its Voice over LTE (VoLTE)-based services in the Kolkata circle, and said the telecom major would extend it across the country in a phased manner over the next few months. The company has already launched VoLTE services in 12 circles -- Delhi-NCR, Mumbai, Gujarat, Maharashtra & Goa, Haryana, Keralal, Chennai, UP-East, UP-West

  • Hyundai Creta facelift launched in India at Rs 9.44 lakh

    21 May, 2018 11:42 AM 33

    The Creta diesel variant comes at Rs 10 lakh and goes upto Rs 15 lakh. New Delhi: Hyundai Motor India Limited on Monday launched the new 2018 Creta sporting bold and aggressive front styling. The 2018 Creta Petrol variant comes at a starting price of Rs 9.44 lakh and goes upto Rs 13.5 lakh while the Diesel variant comes at Rs 10 lakh and goes upto Rs 15 lakh. The 1.6 Petrol