In a bid to lower the impact of an unavoidable hike in petrol and diesel prices, Oil Minister Murli Deora has asked states like Delhi and Andhra Pradesh to lower sales tax (VAT) on auto fuels and shift towards specific rates. As the government considers freeing petrol and diesel prices, …

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Following is the list of stocks having the maximum P/E (PE). For people who don’t know what P/E is about I recommend them to check it out here. The list is generated as on 16th June 2010 But …

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Following is the list of stocks having the maximum P/E (PE). For people who don’t know what P/E is about I recommend them to check it out here. The list is generated as on 16th June 2010 But …

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WASHINGTON: China has raised its US government debt holdings to the highest level this year, according to US Treasury data published on Tuesday. The Chinese government raised its US Treasury bond holdings to 900.2 billion dollars in April, its highest level since November 2009, the Treas…

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MUMBAI: In a week that saw the benchmark index Sensex regaining the 17,000-level, eight out of the top-10 firms lost over Rs 20,000 crore from their market capitalisation, with IT major Infosys emerging as the biggest loser. Meanwhile, two companies — Reliance Industries and BHEL …

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The Agricultural Bank of China (ABC) announced its huge dual listing in Shanghai and Hong Kong, which could be the world’s largest-ever initial public offering, says a media report. ABC, the biggest bank in China by customers, plans to sell as many as 22.24 billion A shares in its …

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The Government may, from next week, find it easier to decontrol petrol and diesel prices as softening global rates would require fuel costs to be raised by just Rs 3.50 a litre for the purpose. An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, is schedu…

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Tata Motors today inaugurated the world’s cheapest car, the Nano’s, manufacturing facility here, nearly two years after it was forced to shift the plant out of West Bengal over a land row. TataThe new plant at Sanand was inaugurated by Gujarat Chief Minister Narendra Modi and…

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Gold prices zoomed to an all-time high of Rs 19,050 per ten grams in the national capital today on skyrocketing global rates amid the ongoing marriage season in India. In international markets, gold prices surged for the seventh straight day as the European debt crisis increased demand f…

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Reliance Industries Ltd – RIL has halted its drilling at KG-D6 for 24-48 hrs as tropical cyclone ‘Laila’ moved towards the east coast of India in the Bay of Bengal. Cyclone Laila is forecast to reach hurricane strength before making landfall in Andhra Pradesh on Thursda…

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