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December 2015

India's energy muscle helps Petronet get better Qatar gas deal

December 31, 2015 by shekarm

India's biggest gas importer Petronet LNG (PLNG.NS) will buy liquefied natural gas (LNG) from Qatar's Rasgas at almost half the original price, in a renegotiated deal that will save it about $605 million a year.

Thyrocare files draft IPO papers

December 31, 2015 by shekarm

Diagnostic company Thyrocare Technologies Ltd said on Thursday it had filed draft red herring prospectus with the country's market regulator for an initial public offering (IPO) of 10.7 million shares.

India to tighten rules for credit cooperatives to protect investors - official

December 31, 2015 by shekarm

India will crack down on errant financial firms that raise funds, mainly from millions of rural poor customers, through loosely regulated credit cooperative societies, a senior official in the agriculture ministry said.

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Cadila Healthcare shares plunge after FDA warns of violations

December 31, 2015 by shekarm

Cadila Healthcare Ltd has received a U.S. Food and Drug Administration (FDA) warning letter for violating manufacturing standards at two of its production facilities, the latest in a series of Indian companies to face such action.

Industrial oils recover on renewed demand

December 31, 2015 by shekarm

Castorseeds bold and castoroil commercial oil recovered at the oilseed wholesale market here today due to renewed demand from shippers in soap industries.

While, linseedoil declined on reduced offtake from paint and allied industries.

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Delhi, Pune fastest metros for on-road travel: Study

December 31, 2015 by shekarm

With an average on-road speed of 23 km per hour, Delhi and Pune are among the fastest in terms of average vehicular movement among the top seven cities in India, says a study.

According to data collected by cab aggregator Ola, Kolkata and Bengaluru were among the slowest with average speeds of 17km/hr and 18 km/hr, respective

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NMDC says C'garh plant to start production by 2017

December 31, 2015 by shekarm

State-owned miner NMDC Limited today said it expects commercial production of its 3-million tonne per annum capacity steel plant in Chhattisgarh to commence by the middle of 2017.

"The plant erection will be completed by December 2016.

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CNG to cost Rs 1.5/kg less in NCR during odd hrs

December 31, 2015 by shekarm

Compressed Natural Gas (CNG) for automobiles in the national capital region will cost Rs 1.5 per kg less during odd-hours - midnight to 5 am - with effect from midnight tonight.

The move to sell CNG at discount is aimed at reducing long queues at refueling stations, Oil Minister Dharmendra Pradhan said today.

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Sensex signs off in style, but slips 5 pc for 2015

December 31, 2015 by shekarm

The last trading day of the year ended on a promising note as the Sensex bounced by about 158 points to 26,117.54 at the close, led by realty and IT stocks.

But the frontline index was down over 5 per cent from a year ago -- its first annual fall since 2011.
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Core sector output contracts by 1.3% in Nov

December 31, 2015 by shekarm

In its worst performance in seven months, output of the eight core sectors contracted by 1.3 per cent in November from a year ago period on account of a sharp drop in steel, cement and crude oil production.

The eight core industries -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity

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