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People of Delhi sensitive to problems says CM

Petrol to be cheaper by Rs 1.50 in Delhi
New Delhi: Petrol in Delhi will be cheaper by Rs.1 50 from the current Rs 73.18 after Chief Minister Sheila Dikshit announed a 20 percent reduction in the value added tax (VAT) on the fuel.The petrol price was increased by Rs 7.54 last week, evoking a sharp outcry from the public.

Coal India head sees 6-7 pct revenue growth in 2012/13

State-miner Coal India sees 6 to 7 percent rise in revenues in the current fiscal year that started in April, if prices remain at current levels, Chairman S. Narsing Rao told reporters. Earlier,

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Indian Oil sees 2012/13 capex at $1.8 bln-exec

Indian Oil Corp, the country's biggest fuel retailer, expects capital expenditure of 100 billion rupees ($1.8 billion) during the year to March 2013, slightly lower than 110 billion rupees it spent in

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Sensex ends nearly 200 points up

Heavy buying in bank, power, capital goods and automobile stocks lifted the Indian benchmark stock indices Sensex and Nifty to a buoyant close on Monday. Several other blue chips from realty, metal,

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Ranbaxy gets U.S. OK for acne treatment

Ranbaxy Laboratories has received U.S. approval for acne treatment drug Absorica and expects a U.S. launch in the fourth quarter of this year. The product was jointly developed by Canadian group

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Reliance Comm tower talks await rule clarity

A year after Reliance Communications said it had received several offers for its towers business, India's No.2 mobile phone carrier by users said on Monday regulatory clarity would help push a deal

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