New gas price will discourage exploration: S&P

New Delhi , Oct 4

The revised price of domestic natural gas at $3.82 per unit for six months from October 1 will "discourage oil exploration and production companies from committing new capital expenditure", American ratings services Standard & Poor's said on Sunday.

Earnings season, macro data to drive equity markets

Mumbai , Oct 4 The quarterly results season and crucial global financial data points, coupled with fears of an upcoming US rate hike, might spook investors and flare up volatility in the Indian equity markets during the weekly trade commencing from October 5.

HDFC raises Rs.10,000 crore through NCD, warrants

New Delhi , Oct 3

Housing Development Finance Corporation Ltd. said on Saturday it has raised Rs.10,000 crore employing a mixture of non-convertible debentures (NCD) and warrants to qualified institutional investors.

Trucks laden with supplies head to Nepal

Kathmandu , Oct 4

Hundreds of trucks laden with essential commodities on Sunday headed to Nepal after India lifted an 11-day unofficial restriction on Nepal-bound cargo trucks and freights.

Truckers to scale up agitation

Chandigarh , Oct 4

Truck operators here and in Punjab and Haryana on Sunday vowed to intensify their agitation from Monday as the government has failed to meet their demands such as scrapping the toll system.

PHD analysis holds out ray of hope for Indian exports

New Delhi , Oct 3

India's exports still have a ray of hope with the possibility of a rebound in the coming months despite a negative growth trajectory for nine months (December 2014- August 2015), said an analysis by PHD Chamber of Commerce and Industry on Saturday.

LIC cuts holding in Chennai Petroleum by 2 percent

Chennai , Oct 3

Life Insurance Corporation of India (LIC), one of the largest life insurers in Asia, has reduced its holding in Chennai Petroleum Corporation Ltd (CPCL) by 2.011 percent to 5.041 percent through market sale, the oil refining company said.