In Major Move, Small Oil and Gas Fields to be Auctioned to Private Firms
In a hefty economic reform, the government has announced that it will, for the first time, auction 69 small and marginal oil and gas fields surrendered by state-run explorers like ONGC. The government hopes to raise 70,000 crores from the sale, said Oil Minister Dharmendra Pradhan. The government... read more »
One-day strike has partial impact in Punjab, Haryana, Chandigarh
CHANDIGARH: Public transport was partially affected in Punjab, Haryana and UT Chandigarh as workers’ union today joined the one-day nationwide strike call given by ten central trade unions, protesting against changes in labour laws. Bank customers faced inconvenience as employees of public... read more »
Sensex closes 587 points down on weak GDP data
MUMBAI: Renewed fears about the slowing Chinese economy, combined with the less-than-expected doemstic GDP growth for June quarter, spooked Dalal Street investors on Tuesday. As a result, the sensex lost 587 points (or 2.2%) to close at 25,696 with 29 of the 30 of its components in the red. On the... read more »
Gold tops Rs 27,000-mark on global cues, seasonal demand
Rising for the third straight day, gold regained the Rs 27,000-mark by gaining Rs 200 at the bullion market today in line with a firm global trend amid pick up in wedding season buying by jewellers. Silver too continued its upward journey and rose by Rs 150 to Rs 35,150 per kg on increased offtake... read more »
