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Oil drops on Spanish debt downgrade
Investor jitters about Europe snuffed out a rally in the price of oil on Tuesday.Oil was trading above $92 per barrel but reversed course after Egan Jones downgraded Spain's debt, dropping it further into junk status. The ratings agency warned that widespread unemployment and a contracting economy will make it tough for Spain to repay its debts. The euro also plunged to a 22-month low.The price of

Power trading prices up 20-25%
With the mercury rising this month, short-term power prices have seen an increase of 20-25 per cent, with the highest price at which power was traded touching Rs 5 per unit.

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Fuel for thought

Predictably, Indian Oil’s conference to declare its annual and fourth quarter results on Monday was all but hijacked by the burning topic of the petrol price rise. Most of the questions the

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A burden beyond bearing

Petroleum Minister Jaipal Reddy, speaking after a ministerial-level meeting on inflation on Monday, said that the government had no immediate plans to raise the administered prices of diesel,

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Mihir S Sharma: Rust of the world

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Coconut oil, copra prices fall drastically on oversupply

A sudden fall in prices of copra and coconut oil has upset traders, mill owners and coconut growers. Contrary to the last season, the price of coconut oil in wholesale trading has fallen to Rs

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