The 30-share Sensex, which had lost 168 points in last two trading sessions, plunged further by 320.11 points, or 1.87 per cent to 16,831.08, its lowest level since January 30.

The government on Friday fast-tracked the sale of sick public sector undertaking Tyre Corporation of India (TCIL) saying it intends to appoint an asset valuer for the disinvestment in the company.

RIL has now applied to the government to buy 30,000 bpd of Cairn crude for turning it into fuel at its 29 million tonnes special economic zone refinery adjacent to the old unit.

Reliance Industries has come up against a tough taskmaster in Petroleum Minister S. Jaipal Reddy. Several big-ticket proposals of the company are stuck at the petroleum ministry, something that people who follow the company and the ministry say is unprecedented.

BSE-Greenex includes top 20 companies based on green house gas numbers, free float market capitalisation and turnover.

Praful Patel writes to Civil Aviation Minister Ajit Singh seeking a thorough probe into the allegation that Air India had specially brought in a better aircraft to accommodate his family members on a trip to Maldives in 2010.

In order to discourage consumption of subsidised diesel by personal vehicle owners, the Petroleum Ministry had suggested the imposition of higher duty on purchase of diesel cars.

Senior officials of NACIL, the holding company of Air India, appeared before the Public Accounts Committee and said both Air India and Indian Airlines had no \"long-term\" plans of procuring such a large fleet of aircraft.

Taking a cue from the Parliamentary Standing Committee on Petroleum and Natural Gas, the Centre has proposed to levy 10 per cent additional duty on passenger diesel cars in the Budget.

With the Indian basket of crude imports continuing to hover around $106 a barrel public sector oil companies have started losing around Rs 450 crore per day on the sales of diesel, kerosene and domestic LPG below market prices.

The BSE benchmark Sensex tumbled by over 298 points to close below the 17,000-mark on Friday due to heavy profit booking by funds, especially in metal and refinery stocks, after the recent rally.

\"The timing will have to be seen, depending on market conditions. If markets are where they are today, certainly we can ask the Disinvestment Department to defer it,\" Praful Patel said.

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BHEL has set a target of reaching the networth of Rs 23,755 crore in 2011-12, according to the MoU it has signed with the Ministry of Heavy Industries and Public Enterprises.

The government is looking to set up 10 modern recycling centres by 2014, where these used vehicles would be dismantled, useful materials recovered and the remaining recycled.

\"The shortage could be around 250-300 million tonnes annually,\" Coal Minister Sriprakash Jaiswal told reporters before leaving on a trip to Poland to study mining methods.

Both direction and leadership are lacking in the present government, which is facing a new crisis every day - from the 2G scam to the Lokpal Bill. We round up all that these ministers have been up to in the first 100 days in their new offices.

In 2004, former Civil Aviation Minister Praful Patel inflated Air India's purchase order from the original proposal of 28 aircraft to 68 at a stupendous cost of  Rs 50,000 crore, pushing the national carrier into the red.

Despite an already infused Rs 2,000 crore, Civil Aviation Minister Vayalar Ravi is expected to meet Pranab Mukherjee to request inclusion of AI's additional stimulus package in the Budget.

Favouring outright sale of closed PSUs, Heavy Industries Minister Praful Patel on Friday said the ailing Scooters India  could be considered for complete privatisation.