The board of Videocon Industries on Friday decided to demerge its oil and gas business. It has, in-principle, agreed to the appointment of various agencies for working out detailed alternative schemes

Meeting analyst estimates, state-run Bharat Petroleum Corporation Limited (BPCL) has posted higher-than-expected earnings for the fourth quarter of financial year 2011-12. The company's net profit

Ending all speculations of a rollback in petrol price, the government on Friday said it would watch the situation for a few days before taking any decision. Petroleum Minister Jaipal Reddy said the

India's coalition government opened the way for a partial rollback of the steepest petrol hike in the country's history after two days of street protests and dissent from within its own ranks over the

Brent crude futures held steady at $106 a barrel on Friday, but was on track for a fourth weekly loss and the longest losing streak since early 2010, as investors were jittery over signs of slowing

On a day of high political drama, oil marketing companies decided to put to rest speculation of a rollback in petrol prices and said a review would be possible only on June 1. Key United Progressive

The recent decision by state-owned oil marketing companies to increase petrol prices steeply has raised hopes of retail chains, which expects the government will now initiate steps to take the