We will roll back price hike if crude prices stabilize: DeoraJuly 9th, 2009 NEW DELHI - Union Minister of Petroleum and Natural Gas Murli Deora on Thursday said that government will roll back the price hike of Rs 4 and Rs 2 a-litre on petrol and diesel respectively, if international crude oil prices stabilise between 50 to 60 dollars a barrel. "Yes, we will cut prices if crude prices stabilise for sometime between 50 and 60 dollars per barrel," Murli Deora said.
Leftist activists stage protest in KolkataJuly 8th, 2009 KOLKATA - Hundreds of activists of the Socialist Unity Centre of India (SUCI) staged a demonstration here against the alleged atrocities by security personnel in Lalgarh and also against the recent fuel hike by the Central Government. Shouting slogans against the Congress Party, they demanded roll back of fuel price hike.
Appeals court tosses antitrust claims lodged against Abbott Labs over AIDS drug costJuly 8th, 2009 Appeals court rules for Abbott in AIDS drug caseSAN FRANCISCO — A federal appeals court has rejected a lawsuit accusing Abbott Laboratories of antitrust violations over a sudden 400-percent price hike of a popular AIDS drug. Advocacy groups and drug benefit providers sued Abbott in 2004.
Tripura Left Front to protest against fuel price hikeJuly 2nd, 2009 AGARTALA - The Tripura unit of the Communist Party of India-Marxist (CPI-M), the dominant partner of the ruling Left Front, will hold agitations across the state Friday to protest against the hike in fuel price. Petroleum Minister Murli Deora Wednesday announced a hike in petrol price by Rs.4 per litre and by Rs.2 per litre for diesel, attributing it to rise in global crude prices.
Tripura Left Front protests fuel price hikeJuly 2nd, 2009 AGARTALA - Tripura Chief Minister Manik Sarkar Thursday demanded that the central government immediately withdraw the hike in petrol and diesel prices while the ruling Communist Party of India-Marxist (CPI-M) announced mass demonstrations Friday to protest the hike. Petroleum Minister Murli Deora Wednesday announced a hike of Rs.4 per litre for petrol and of Rs.2 for diesel.
India inc welcomes petrol price hikeJuly 1st, 2009 NEW DELHI - India Inc Wednesday welcomed the government's decision to raise fuel prices, saying the move would help oil companies reduce their huge subsidy burden. "With hike in prices of diesel and petrol, oil companies will be able to avoid red ink in their balance sheet as they were bleeding under the burden of subsidies, discounts and oil bonds," Sajjan Jindal, president of the Associated Chambers of Commerce and Industry (Assocham), said in a statement.
Trinamool Congress unhappy with petrol price hikeJuly 1st, 2009 KOLKATA - The Trinamool Congress, the second largest party in the Congress-led United Progressive Alliance (UPA) government at the centre, expressed its unhappiness with the decision to hike fuel prices. "We are not happy with this decision of the centre.
Withdraw fuel price hike: AchuthanandanJuly 1st, 2009 THIRUVANANTHAPURAM - Kerala Chief Minister V.S. Achuthanandan Wednesday demanded that the central government immediately withdraw the hike in petrol and diesel prices and provide relief to the common people.
Coal price index to be launched in JulyJune 30th, 2009 BHUBANESWAR - India will soon get a coal index to track the coal price movement in the country. India's leading e-commerce company Mjunction Services Ltd will launch the index in the second week of July, a company official said Tuesday.
Government again warns against steel price hikeJune 11th, 2009 MUMBAI - Any hike in steel prices is unjustifiable as the cost of iron ore and coking coal have come down since last year, Steel Secretary P.K. Rastogi said here Thursday.
Minister hints at hiking coal pricesMay 29th, 2009 NEW DELHI - The government may hike coal prices marginally, Minister of State for Coal (Independent Charge) Sriprakash Jaiswal said here Friday. "Keeping in view the current economic situation, we can hike the price if required, but the hike will be marginal," Jaiswal told reporters after taking charge.
Kolkata protest against school fee hikeApril 20th, 2009 KOLKATA - Students of various private schools and their guardians protested against an unprecedented fee hike in Kolkata. The protesters were out on the streets to block traffic in the city and demonstrate against the 50 to 80 per cent hike in tuition fee.
Coal India allocated two blocks in MozambiqueMarch 13th, 2009 NEW DELHI - State-run Coal India Ltd has been allocated two coal blocks in the southeast African state of Mozambique, it was announced here Thursday. The formal intimation on the acquisition was sent by the Indian high commission in that country to Coal India recently, a government statement said.
Hyundai hikes prices of three modelsFebruary 12th, 2009 NEW DELHI - Auto major Hyundai Motor India Friday hiked prices of three models - Santro, i10 and Accent - by up to Rs.14,600 on the back of rising input costs. Hyundai managing director Heung Soo Lheem had said in December last year that a price hike was imminent because of rising input costs.
Efforts to get coal blocks in US, two other countriesDecember 25th, 2008 RANCHI - Efforts are going on to get coal blocks in three countries, including the US, said minister of state for coal Santosh Bagrodia here Friday. 'We are making efforts to get coal blocks in the United States, Indonesia and Mozambique.