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OMCs fear rise in underrecoveries
As crude oil prices touched a fresh one-year high, trading at above $75 a barrel on Thursday, analysts and oil sector executives said underrecoveries could rise and become a cause of concern.

Vedanta eyeing JV for steel making
The billionaire Anil Agarwal-promoted Vedanta Resources is in talks with European and Japanese steel producers to get into steel making.

News of the day

AES officials to hold talks with Orissa government on IB expansion
Two senior officials of AES Corporation are likely to visit Orissa on 17 November to hold discussion with the government officials pertaining to the proposed expansion of the unit-3 & 4 (660Mw x 2) of the IB Thermal Power Station of the Orissa Power Generation Corporation (OPGC).
Business Opportunities

Where am I?

The latest calendar from the rural development ministry has a picture of the minister and two ministers of state. The third minister of state was upset enough to call up the minister, CP Joshi, to protest. The minister has now ordered that the calendars not be circulated — a fresh calendar will soon be sent around.


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