No Decision Yet On Fuel Cost Increase - Murli Deora

New Delhi: Petroleum Minister Murli DeoraAccording to the Petroleum Minister, Murli Deora that the government has not taken any decision to raise prices of transport fuels but will shortly hold meeting with oil companies on how to undertake the situation actuated by high global crude prices.

“We really do not want to hike the petroleum prices. But we are helpless when the international price increase like this,” Deora told.

Mr. Deora was referring to worldwide crude rates hitting the $78 a barrel in recent weeks.

Crude Oil Rates Stable At Its 11-Month Peak

Crude oil prices remained firm after extending to an 11 month high on Monday (July 16).

IFS Optimistic On Block Share Trade

IndiabullsIndiabulls Financial Services went up 1.51% to Rs 655 after a block deal of 13.7 lakh shares was struck at Rs 655.50 per share on BSE.

The scrip touched a high of Rs 664.95 and a low of Rs 647 during the day. There were 18.06 lakh shares for trading on the counter.
In the last three months, the stock had an average daily volume of 11.22 lakh shares on BSE.

The company’s equity capital is Rs 44.55 crore, with 22.27 crore outstanding shares with a face value of Rs 2 each.

Market Ends After Shedding 22 Points

Bombay Stock ExchangeThe BSE sensitive index opened up strongly at 15,357.60. It continued to trade strong supported by substantiated buying pressure in index heavyweights. But, the stock index lost its power, lastly sliding into the negative to end the day on a flat note. It touched an intra-day high of 15,440.20 and low of 15,272.46 during the day.

The stocks from cement, IT and pharma led the processions, while auto and banking sectors led the declines.

USFDA Approves Lupin’s Novel Drug

The USFDALupin Pharmaceuticals has approved Lupin’s Abbreviated New Drug Application (ANDA)

Torrent Cables Soars To A 52-Week High On Strong Q1 Results

Torrent CablesTorrent Cables rose 2.47% to Rs 224.20 in afternoon trading after it announ

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