Mumbai: State-owned oil major BPCL has sought an increase in petrol rates by Rs 4 and diesel by Rs 2 per litre in proportion to the climbing crude oil costs in the worldwide markets.
While addressing the news persons after its 54th AGM on Thursday, Ashok Sinha, BPCL Chairman and Managing Director said, “We are hoping the price of petrol and diesel would be raised by Rs 4 and Rs 2 respectively.”
“The three oil companies are losing Rs 150 crore per day and BPCL's share is 25 per cent of that,” Mr. Sinha commented.
Mumbai: The rupee marched near to a fresh nine-year peak today, hiked up by strong capital inflows, but caution the RBI may interfere checked the rupee’s increase.
In early trading, the partially convertible rupee stood at 39.88/89 per dollar, barely changed from its last close of 39.89/90 and in sights of 39.85 its record since May 1998.
A market dealer said, “These are good levels to take some profits as the rupee has rallied quite a lot this week.”
Kolkata: To reposition its brand through technological upgradation, Godrej Appliance, a division of Godrej & Boyce Mfg Co Ltd, has planned Rs 300 crore capital expending in the recent fiscal.
After opening positively at 16,352.32, The BSE benchmark index Sensex slipped into the negative zone in the morning trades because of weak global cues. IT sector continued to trade on really passive note owing to further rupee admiration. Rupee was quoting at 39.87 versus US dollar.
Asian stocks chop down from its eight-week record after Fed Reserve chairman Ben Bernanke expressed worries over the housing downturn situation in the US.
