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GAIL sells some of its U.S. LNG to Shell
Published on Wednesday, May 27, 2015 11:06 PM

By Nidhi Verma and Oleg Vukmanovic

NEW DELHI/LONDON - GAIL (India) Ltd has sold some of its liquefied natural gas (LNG) from the U.S. portfolio to European energy major Royal Dutch Shell ahead of production from early 2018, its head B.C. Tripathi said on Wednesday.

GAIL has a deal to buy 3.5 ...

GAIL sells some of its U.S. LNG to Shell
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Germany lobbies India to buy Eurofighters, submarines
Published on Wednesday, May 27, 2015 11:02 PM

By Douglas Busvine

NEW DELHI - Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said Berlin stood ready to back a multi-billion-dollar Indian submarine project.

Prime Minister Narendra Modi, who ha ...

Germany lobbies India to buy Eurofighters, submarines
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China's luxury slowdown leaves Tata Motors nursing wounds
Published on Wednesday, May 27, 2015 11:00 PM

By Aditi Shah

NEW DELHI - Weak demand for sleek Jaguars in China battered the profits of its parent Tata Motors, pushing its shares down 5 percent on Wednesday and showing the car maker lacked agility in a market where the appetite for brash luxury has ebbed.

Tata's net profit for the fou ...

China's luxury slowdown leaves Tata Motors nursing wounds
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Power tariff likely to rise in Delhi from next month
Published on Wednesday, May 27, 2015 3:54 PM

Power tariff in Delhi is likely to go up next month with the Appellate Tribunal for Electricity (APTEL) directing Delhi's power regulator DERC to restore a surcharge within three months to compensate the discoms for rise in power purchase cost, said the media report. In an order, the APTEL asked the Delhi Electricity Regulatory Commission ...

Power tariff likely                   to rise in Delhi from next month
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United Spirits posts Q4 net loss at Rs 1,800 cr
Published on Wednesday, May 27, 2015 3:52 PM

United Spirits Ltd which is the largest Indian spirits company announced that it has reported a net loss of Rs 1,800 crore for the quarter ending March 2015 as against Rs 5,380 crore for the quarter ending March 2014 after which the company's board decided to not recommend any dividend for FY15. The company which produces the premium prod ...

United Spirits posts Q4 net loss at Rs 1,800 cr
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IDBI Bank Q4 net up 5% at Rs 545.94 cr
Published on Wednesday, May 27, 2015 3:29 PM

IDBI Bank on Tuesday reported that its net profit for the fourth quarter ended March 31, 2015 climbed by 5 per cent at Rs 545.94 crore from the same period a year ago even as provisions rose while net interest income climbed. In Q4 FY 2013-14, the lender posted a net profit of Rs 518.23 crore, IDBI Bank said in a filing to the Bombay Stock Ex ...

IDBI Bank Q4 net up 5% at Rs 545.94 cr
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Interview - Vedanta says will work to lift cap on India iron ore output
Published on Wednesday, May 27, 2015 2:14 PM

By A. Ananthalakshmi

SINGAPORE  - India-focused Vedanta Resources Plc  will aim to lift a court-imposed cap on its iron ore output in Goa, the country's top state for exporting the commodity, as it prepares to resume mining there in October after a three-year lull.

A mining ban ...

Interview - Vedanta says will work to lift cap on India iron ore output
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Exports of Six key agricultural products decline in FY15
Published on Wednesday, May 27, 2015 1:34 PM

The Indian Government has said that the exports of six key agricultural products, including tea, spices and tobacco, have registered negative growth in 2014-15, mainly due to decline in prices in global commodity markets, PTI reported. As per PTI report, 6 out of the 13 main agricultural products that are closely monitored by the Commerce Min ...

Exports of Six key agricultural products decline in FY15
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Gas Price Pooling to urea plants from July: Oil Ministry
Published on Wednesday, May 27, 2015 1:26 PM

The Indian Government has decided that the gas price pooling to make fuel available to urea making fertiliser plants at a uniform rate will come into effect from July 1, PTI reported. As per PTI report, the price of cheaper domestic gas will be pooled with the cost of expensive imported LNG to create a uniform rate for fertiliser plants. Fert ...

Gas Price Pooling to urea plants from July: Oil Ministry
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