Petrol prices up by Rs 7.50/ litre, diesel untouched
In one swift move, IOC, BPCL and HPCL have hiked petrol prices by Rs 6.28 per litre, effective midnight. The quantum of hike has taken the country by surprise. Diesel price has been left untouched.
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Business News
OMDA concession period tampered: CAG
The Comptroller and Auditor General (CAG) report on public-private partnerships with regard to airports points out that the operation maintenance development agreement, which is the cornerstone of this private partnership with the GMR Group has been in some ways tampered with in the year 2006.Economy News
Q4 GDP to be around 6%: StandChart
The economic growth in the March quarter will be around 6% against an initial market expectation of 6.5-7% due to sharp contraction in the industrial production coupled with policy inertia, a research report by Standard Chartered Bank said.IBN Reports
Petrol price hike: Auto sector plans to turn diesel
Maruti Suzuki chairman RC Bhargava says that the price hike was not a shocker given the speed with which the rupee has depreciated.
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France's Hollande makes bold debut on EU summit stage
EUROZONE-HOLLANDE:France's Hollande makes bold debut on EU summit stageMarket Reports
Sensex ends 0.5% down, oil price hike hopes offset Re fall
The BSE Sensex and NSE Nifty recouped more than half of losses in second half of trade to close 0.5% lower on Wednesday, even after the Indian rupee fell over 1% to hit a record low of 56.18 to the dollar and more than 2% decline in European markets.Buzzing Stocks
A2Z surges 7% on raising stake by Rakesh Jhunjhunwala
A2Z Maintenance and Engineering Services rallied as much as 11% on Wednesday to touch an intraday high of Rs 111.90 after billionaire investor Rakesh Jhunjhunwala (RJ) and his wife bought shares worth Rs 26.5 crore of the company.Market Edge
Will rupee retire at 60/$? Experts debate Nifty's next move
Considering the fact that the rupee has done another 'falling knife' act - depreciating to a new low at 56 to the dollar, what's surprising is it hasn't dragged our market down under as well. Read on for more...Market Outlook
Wary Anil Manghnani says Nifty may revisit 4500 this year
In an interview to CNBC-TV18 Anil Manghnani, Modern Shares Stock Brokers said, he expects the NIfty to revisit the levels of 4,500 later in the year. But as of now, he sees Nifty finding support at 4,800-4,750 levels.Technicals
Euro gains on ECB; stocks up with economic data
The euro rose on Monday on expectations of higher eurozone interest rates while world stocks eked out gains as concerns about Middle East and Japan cast a cloud despite positive economic data.
Global Markets
Nikkei falls to four-month closing low
Japan's Nikkei share average shed 2 percent on Wednesday to a four-month closing low as exporters took a beating on a firmer yen after the Bank of Japan's latest statement raised doubt about its commitment to easing monetary policy.
Politics
Home Minister P Chidambaram was on a day's visit to the Kashmir Valley and the border region of Kargil.
Narendra Modi said massive hike in petrol prices is a prime example of the failure of Congress led UPA government.
The report has made references to the leasing of 4,608 acres for development of the airport with an additional 190 acres leased to DIAL at Rs 100 annually.
India
Army Chief Gen VK Singh will hand over the reins of the Army to Lt Gen Bikram Singh on May 31.
The release of the fishermen came just a day before the home secretary-level talks between both countries is scheduled to begin on Thursday in Islamabad.
Zohal Hamid will also drop legal proceedings against RCB director Siddharth Mallya.
Tech
The lawsuit was filed in US District Court in Manhattan on Wednesday, according to a law firm for the plaintiffs.
Last year, on June 9, 2011, Google had put up a digital version of the electric guitar - the Gibson Les Paul.
The Bob Moog Google doodle is powered by JavaScript, Closure libraries, CSS3 and tools like Google Web Fonts.
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