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PTI
Mumbai, June 17, 2011
Shares of RIL fell 1.36 per cent to hit an yearly low of Rs 875.90 on the BSE, while on the National Stock Exchange (NSE), the stock dipped 1.34 per cent to a year low of Rs 875.60.


PTI
June 16, 2011
The government has approved over 54 per cent increase in cost of the nation's first strategic crude oil storage being built as insurance against supply disruptions.


PTI
New Delhi, June 16, 2011
As per practise, at least one-third of the revenue loss registered on selling fuel at subsidised rates will have to be borne by upstream firms. ONGC will have to take the maximum share.


PTI
Mumbai, June 16, 2011
Extending its decline for the fifth straight session, shares of Reliance Industries Ltd fell by over 1 per cent on the bourses amid media reports that banking major HSBC has downgraded the energy major to \"neutral\" from \"overweight\".


BT Online Bureau
New Delhi, June 16, 2011
Citing reports of the Comptroller and Auditor General of India saying the oil ministry bent rules for the Mukesh Ambani firm, HSBC cut the price target to Rs 1,040 from Rs 1,084.


PTI
New Delhi, June 15, 2011
The hike comes after two reductions on May 16 and June 1. In these two cuts, the first in over eight months, ATF prices had come down by Rs 4,094 per kl.


PTI
New Delhi, June 15, 2011
An official said no Indian company - private or public sector - has deep-sea expertise and a gas marketing company like GAIL could not have added any value to KG-D6 or other blocks of Reliance.


PTI
New Delhi, June 14, 2011
The EGoM, headed by Finance Minister Pranab Mukherjee, was scheduled to meet on May 11, but was postponed. It has not met since June last year even though crude oil prices have spiralled by about 50 per cent.


PTI
June 14, 2011
Theministry will take at least five to six weeks to reply to points raised by CAGwhich the oil minister may have told the Prime Minister, sources in hisministry said.


PTI
New Delhi, June 14, 2011
In a relief for Air India, state-run oil companies, which had restricted fuel supply to it over non-payment of dues, were directed to meet the carrier's requirements for three months to allow it to fully restore its operations.


PTI
Mumbai, June 13, 2011
RIL shed 2.4 per cent to touch an early low of Rs 921.30 on the Bombay Stock Exchange, while on the National Stock Exchange, it went down 2.48 per cent to hit a low of Rs 921.


Sonal Varma
June 23, 2011
The rate of GDP growth will slow down further to eight per cent in the current financial year, says Sonal Varma.


PTI
New Delhi, June 4, 2011
\"Since oil marketing companies are incurring heavy losses, action on deregulation of diesel prices will have to be taken,\" PMEAC Chairman C Rangarajan said.


PTI
New Delhi, June 2, 2011
Air India operates over 400 flights per day on domestic and international routes, while its subsidiary Air India Express, which flies mostly to Gulf countries, operates 189 flights per week.


PTI
New Delhi, June 1, 2011
During the 2010-11 fiscal, the six core infrastructure industries expanded by 5.9 per cent, as against 5.5 per cent in the previous year.


PTI
New Delhi, May 31, 2011
For the second fortnight in a row, state-owned oil companies on Tuesday cut jet fuel prices by about 4 per cent after international oil rates cooled off from a two-year high.


PTI
New Delhi, May 30, 2011
Total Income has increased from Rs 40,071.55 crore for the quarter ended March 31, 2010 to Rs 48,311.46 crore for the quarter ended March 31, 2011.


S.P.S Pannu
New Delhi, May 30, 2011
Rising number of vehicles using diesel are eroding profits of oil companies. The firms are currently losing Rs 18 per litre on diesel sales, which is cheaper than petrol by about Rs 25 a litre.


Kushan Mitra
May 27, 2011
When Kingfisher and Jet Airways were sinking under theircollective debt, the fuel supplies from the petroleum companies were not cut. Thecure for Air Indiamay not be as simple as letting it die, even though there are some who arguethat is the best course of action.


Kushan Mitra
May 27, 2011
When Kingfisher and Jet Airways were sinking under theircollective debt, the fuel supplies from the petroleum companies were not cut. Thecure for Air Indiamay not be as simple as letting it die, even though there are some who arguethat is the best course of action.


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