CEO Fired
iGate sacks CEO Phaneesh Murthy
Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
HPCL, BPCL, IOC rally on hopes for fuel price hikes
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
An employee fills a car with petrol at a gas station in Jammu February 26, 2010.
Credit: Reuters/Mukesh Gupta/Files
MUMBAI |
MUMBAI (Reuters) - Shares in state-run oil companies extended a recent rally on Monday on growing expectations the government will gradually raise the prices for diesel and liquefied petroleum gas, traders said.
Hindustan Petroleum Corp rose 5.5 percent, while Bharat Petroleum Corp gained 4.6 percent. Indian Oil Corp rose 1.9 percent.
Fuel subsidies in India are borne by the government, marketing and refining companies, as well as explorers.
(Reporting by Abhishek Vishnoi, Manoj Dharra; Editing by Rafael Nam)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters