The move, which comes in the backdrop of a global slowdown, aims to improve profit margin amid falling demand for polyester products worldwide. "The company has shut down plants for manufacturing polyester filament yarn, polyester staple fibre, paraxylene, purified terephthalic acid and linear alkyl benzene. However, it is yet to close down the second units of PSF and PFY," sources said.
A common preservative found in soft drinks has the ability to switch off vital parts of DNA, a new study has said.
Inflation has zoomed to a high of 11.42 per cent for the week ended June 14, 2008, against 11.05 per cent in the previous week.
Indian Oil Corporation on Thursday said its under-recoveries would come down by Rs 2,000 crore (Rs 20 billion) in the next six months on account of the price hike in the petroleum products.
Hike import duty on finished products; Rationalize excise Duty on Molasses to 8% ad valorem or Rs. 375/PMT and on Naphtha to 8%, cut corporate tax to 25%, service tax to 5%.
India has witnessed a spectacular growth in the refining sector over the years. Today, there are 14 refineries in the country, 13 in the public sector and one in the joint sector, with an install capacity of 60.4 million tonnes per annum. Presently India is undergoing major economic and industrial reforms for integrating its economy with the global economy. In the liberalised scenario, the hydrocarbon sector has been identified as one of the main areas of the focus.
India will begin supply of ultra low sulphur content petrol and diesel in all but seven states from April 1, the government announced on Thursday.
He added that Suzuki could not build a car for the same price as the Nano without sacrificing quality and standards.
India will begin supplies of ultra low sulphur petrol conforming to the Euro-III vehicular emission norms in 11 major cities and Euro-II grade fuel in other parts of the country from April 1 but supply of diesel of the same grades may miss the deadli
India will begin the supplies of ultra low sulphur petrol conforming to the Euro-III vehicular emission norms in 11 major cities and Euro-II grade fuel in other parts of the country from April 1 but supply of diesel of same grades may miss the deadli
India may miss the April 1, 2005 target of conforming to Euro-III emission norms in metro cities and Euro-II norms in the rest of the country due to inability of refiners to supply the specified category of petrol and diesel.
Oil and Natural Gas Corporation will kick off its petrochemical foray this week when Prime Minister Manmohan Singh lays the foundation stone for its Rs 4,900-crore (Rs 49 billion) Aromatic Complex at Mangalore.
Hindustan Petroleum Corporation Ltd plans to invest over Rs 2,787 crore (Rs 27.87 billion) in raising its Mumbai and Vizag refinery capacities through de-bottlenecking and process upgradation for higher volumes and better fuel quality.
State-owned Indian Oil Corporation plans to import about 0.7 million tonnes of ultra low sulfur petrol and diesel in February and March to meet the April 1 deadline for supply of green fuels in the country.
T N Petro Products found itself wallowing in the red in morning trades as the market soaked up news of a 74 per cent fall in the company's net profit.
Acquisition of Henkel India can provide new opportunities for Jyothy Laboratories to flourish.
Dow and Bhopal together illustrate vividly how the authority of nation-states and their government is being usurped by the corporations of all hues giving birth to a perverse trans-nationalism, writes Gopal Krishna.
Central Excise - Kerosene used for extraction of paraffin retrospective exemption to returned kerosene no unjust enrichment refund entitled : Madras High Court
The Sensex plunged by 385 points on Monday on selling by foreign as well as domestic funds, triggered by weak global markets.
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