Gas Prices

Reliance Industries' KG-D6 floating production storage and offloading (FPSO) vessel is seen off the Bay of Bengal in this undated handout photo. REUTERS/Reliance Industries/Handout/Files

India eyes narrow political window for unpopular gas price hike

The government could this week take the unpopular measure of raising gas prices for the first time in three years as it pushes a package of reforms aimed at giving industry a boost, reviving a spluttering economy and boosting LNG imports.  Full Article 

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MARKET EYE-India shares fall; BHEL hit, oil cos give up gains

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Picture Gallery

Supporters of Bharatiya Janata Party (BJP) perform folk dance at a rally to celebrate party's 33rd foundation day in Ahmedabad April 6, 2013. REUTERS/Amit Dave/Files

Jump, dive

Straining, celebrating, exercising - people getting their feet off the ground.  Slideshow 

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Thu Jan 10, 2013 2:54pm IST 

* The BSE index down 0.2 percent and the NSE index
 0.22 percent lower, led by a fall in capital goods
companies, including BHEL, on project worries.
* Bharat Heavy Electricals Ltd shares fall 2 percent
and Indiabulls Power Ltd down 4.1 percent after
Barclays Capital and Citigroup raised concerns over two thermal
power projects the two companies were involved in.
 
* Shares in state-run oil firms, including Oil & Natural Gas
Corp, pared earlier gains on Thursday after some
analysts said a rally sparked by hopes of diesel price hike was
overdone. 
* HPCL falls 2.11 percent after gaining 2.8 percent
earlier in session, while Bharat Petroleum Corp is
down 0.12 percent after gaining 2.63 percent, while Oil and
Natural Gas Corp still up 3 percent.         

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
India Markets
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