The Organization of the Petroleum Exporting Countries (OPEC) ended its policy meeting on Friday without agreeing to lower production.A stronger dollar and the aftershock of Friday’s OPEC meeting are weighing on the oil market.
Posts tagged MC
Oil hits new lows as OPEC meet ends in a stalemate (07-12-2015)
National Herald case: Sonia, Rahul to move Supreme Court (07-12-2015)
Congress has vowed to take the fight to the Bharatiya Janata Party (BJP). In a statement Congress said that it does not view the judgement pronounced by Delhi High Court as a setback as being represented in a section of the media.
Adani wants Aus to restrict greens from opposing coal mines (07-12-2015)
In 2010, Adani Group had acquired the rights to develop the Carmichael coal mines in the Galilee Basin of Queensland state in Australia involving an investment of USD 15 billion over a period of time.
‘Domestic steel prices fall on muted demand, cheap imports’ (07-12-2015)
Global agency Moody’s had earlier said that steel prices in India are expected to remain under pressure in the current fiscal, but the demand is expected to pick up with an uptick in commercial vehicle sales.
OVL close to winning $5-bn Farzab-B gas field rights (07-12-2015)
The gas produced from the field will be converted into liquefied natural gas (LNG) for export to consuming nations like India. OVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has proposed to build one LNG train of 6 million tonnes a year
Is this the end, or start, of Mumbai property price fall? (07-12-2015)
The number of construction applications developers have made in Mumbai has increased — implying they are confident of prices rising in the near future. But more construction will add to the already-high inventory of housing stock in the city, putting downward pressure on prices.
Sensex, Nifty fall for 4th day; ITC slumps 7%, Smallcap up (07-12-2015)
ITC plunged 6.6 percent as new goods and service tax (GST) proposals are seen causing harm to the tobacco industry.
Earnings push absent; worst over for Tata Motors: Prime Sec (07-12-2015)
ITC, especially, saw heavy selling and it cracked over 7 percent on news of a ‘sin tax’ — rate of a steep 40 percent that would be levied on select items such as tobacco products. But N Jayakumar, president of Prime Securities says regulatory headwinds have always existed for ITC
Fitch affirms India’s rating at BBB-; outlook stable (07-12-2015)
be supported by government’s increasing capital expenditure (capex) spending and implementation of structural reforms.
CEA terms tobacco GST rate as ‘status quo’. But is it? (07-12-2015)
ITC shares have cracked on uncertainty on what GST could mean for tobacco products, in light of recommendations of a report by a panel headed by Chief Economic Advisor Arvind Subramanian. The report calls for a 40 percent “sin tax” for tobacco products.