Mumbai,Jun 28: Shares in energy companies in India surged in trade on Friday after the government's approval of a hefty increase in gas prices is seen boosting earnings for producers such as ONGC and Reliance Industries. ONGC rose more than 10 percent, while Reliance gained 4.3 percent. Oil India gained more than 7 percent. Indicative pricing has suggested domestic gas prices could rise to $8.4-8
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Ahmedabad, Jun 27: The Prime Minister's Office has cleared the decks for the arrest of a senior Intelligence Bureau officer in a case which had brought the intelligence set-up in direct confrontation with CBI. IB special director Rajinder Kumar is likely to be arrested weeks after a chargesheet is filed in early July by CBI in the Ishrat Jahan encounter case. Kumar is due to retire on July 31 and
Lucknow, Jun 26: Amid war of words between Congress and BJP over reports that Narendra Modi had rescued 15,000 Gujaratis from flood-ravaged Uttarakhand, BJP chief Rajnath Singh today said the Gujarat Chief Minister never gave such a statement. "Modi went to Uttarakhand to express his sympathies and it is being said that he evacuated 15,000 Gujaratis from there. I talked to him and he said that he
Mumbai, Jun 26: The rupee slumped to a record low on Wednesday, breaching the key psychological level of 60 to the dollar, on the back of end-of-month dollar demand from domestic importers and falls in most emerging Asian currencies. The slump came even after the Reserve Bank of India made an attempt to defend the currency before the rupee hit the 60 level. The rupee was trading at 60.26/27 to the
Gauchar, Jun 26: The cockpit voice recorder and flight data recorder of the ill-fated Mi-17 helicopter were recovered on Wednesday near Gaurikund in Uttarakhand, a day after it crashed during rescue mission, even as IAF chief NAK Browne ruled out possibility of any of the 20 men on board surviving. "Fortunately, we have recovered the cockpit voice recorder and the flight data recorder. And, I
Singapore, Jun 26: Gold fell to its lowest in nearly three years on Wednesday, pressured by strong U.S. economic data that boosted stock markets and supported the U.S. Federal Reserve's plan to scale back its monetary easing measures in the next few months. Bullion, now down for a seventh session out of eight, has been sliding since Fed Chairman Ben Bernanke laid out a strategy last Wednesday to
Gauchar, Jun 26: Four more bodies were recovered by IAF commandos near Gaurikund in Uttarakhand where an IAF Mi-17 helicopter carrying 20 people had crashed during a rescue mission and all onboard were feared killed. During night-long search operations, Garud commandos recovered four more bodies, IAF sources said, adding that till Wednesday morning, 12 bodies have been found from the site of
Gauchar, Jun 25: 19 people, including Air Force and para-military personnel, were today feared killed when a sophisticated IAF helicopter crashed in bad weather near Gaurikund in Uttarakhand during rescue operations. Vice Chairman of National Disaster Management Authority (NDMA) M Sashidhar Reddy said eight bodies have been recovered and chances of any survivor among the 19 onboard were remote.
Srinagar, Jun 25: Prime Minister Manmohan Singh and UPA chairperson Sonia Gandhi today visited the Army base hospital at Badamibagh cantonment here to inquire about the condition of jawans injured in the Hyderpora attack. General Officer Commanding of Srinagar-based 15 corps Lt Gen Gurmeet Singh briefed them about the condition of the injured personnel, officials said. The Prime Minister and Sonia
Gauchar, June 25: Over 8000 people remained stranded in Uttarakhand today with fresh landslides, cloudbursts coupled with torrential rains hampering rescue operations as the death toll climbed to 822 with 142 bodies being found, including 127 in Kedarnath. Rescue operations were suspended in Joshimath due to rains while landslips in Tehri district left a woman and a child dead. There were also