India's ONGC shares gain on hopes of hike in gas prices
MUMBAI Jan 24 (Reuters) - Shares in state-run Oil and Natural Gas Corp Ltd rose 3.4 percent in pre-open trading on Thursday as the oil ministry is expected to soon recommend a revision in local gas prices.
The oil ministry will soon send the recommendations to the cabinet for consideration, a ministry source told Reuters on Wednesday. (Reporting by Rafael Nam)
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Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target. Article