Diesel price crosses Rs 70/ltr mark for first time ever; LPG rates up by Rs 1.49

Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month. Read more »

Godrej Consumer sells its UK unit

The company said it is in line with its long-term objective of optimising portfolio and making the relevant capital allocation choices. Read more »

No RBI representative in first empowered committee meeting on stressed power plants

The meeting chaired by cabinet secretary P K Sinha discussed the stress factors in the first meeting and the series of meetings will continue, a source said. Read more »

Government orders inspection of books of Jet Airways: P P Chaudhary

On August 27, Jet Airways said it would monetise loyalty programme JetPrivilege and wet-lease some of its small aircraft to mobilise urgent working capital. Read more »

LIC to enter 63rd year of operations tomorrow

From 168 offices in 1956, it today has over 4,826 offices, 1.11 lakh employees, 11.48 lakh agents and 29 crore plus policies in force. Read more »

Reliance Infrastructure settles Rs 2,640 crore Maharashtra government dues

With this single deal, Reliance Infrastructure has managed to reduce its debt by 65 per cent. Read more »

Dharmendra Pradhan blames “isolated” American policies for fuel price rise

Petrol and diesel prices hit an all-time high in four metros across the country today, crossing the previous peak reached on May 29. Read more »

Court orders FIR against Air India pilot Arvind Kathpalia, Joint DGCA named as accused

The court took on record an action taken report (ATR) filed by Delhi police and said 'prima facie' cognizable offences were made out which required detailed examination and collection of evidence. Read more »

Banks will have to ‘abort’ lending to infra projects, especially power sector: SBI

Following the end of the RBI deadline on August 27, as many as 30 power projects with a cumulative exposure of Rs 1.7 trillion are now facing bankruptcy proceedings. Read more »

Telecom Commission approves norms for network testing; caps trials at 180 days

The Commission also decided that Telecom Regulatory Authority of India (TRAI) should give recommendations prescribing a framework for testing in case fixed lines too. Read more »