Industry
Oil slumps to fresh lows below $82 in Asia
04 Jun 2012
US health insurer WellPoint buying eyewear retailer 1-800 Contacts for $900 million: report
04 Jun 2012
![Oil retailers deny making big profits; say only bailouts keep them afloat Oil retailers deny making big profits; say only bailouts keep them afloat](/industry/oil_gas/images/oil_refining_sm_domain-b.jpg)
Oil retailers deny making big profits; say only bailouts keep them afloat
04 Jun 2012
The oil marketing companies say it was only a subsidy compensation package of Rs1,38,500 crore that enabled them to declare nominal profits for the year
![Petrol to cost Rs2 less per litre from midnight tonight Petrol to cost Rs2 less per litre from midnight tonight](/industry/oil_gas/images/domain-b_petrol_ho.jpg)
Petrol to cost Rs2 less per litre from midnight tonight
02 Jun 2012
The reduction comes in the wake of the prices of crude oil falling below $100 a barrel in the international market
![Crude hits a low of $98 a barrel as global growth stagnates Crude hits a low of $98 a barrel as global growth stagnates](/industry/oil_gas/images/oil_drilling_sm_domain-b.jpg)
Crude hits a low of $98 a barrel as global growth stagnates
01 Jun 2012
The Organisation of Petroleum Exporting Countries, however, said the cartel saw no immediate need to cut production
CVC refers coal block allocation plaint to CBI
01 Jun 2012
![New telecom policy to scrap roaming charges; broadband speeds to increase New telecom policy to scrap roaming charges; broadband speeds to increase](/industry/telecom/images/kapil_sibal_may_sm_domain-b.jpg)
New telecom policy to scrap roaming charges; broadband speeds to increase
31 May 2012
The policy aims to provide the consumer with cheaper services, but market mechanisms can’t be ignored, said telecom minister Kapil Sibal.
![Forest clearance for coal projects likely Forest clearance for coal projects likely](/industry/power/images/coal_mine_july_sm_domain-b.jpg)
Forest clearance for coal projects likely
31 May 2012
The group of ministers headed by finance minister Pranab Mukherjee has recommended scrapping of the `no-go' policy for coal mining in heavily forested and ecologically sensitive areas
![Italy's Eni to sell 30 % in Snam to state lender for $4.36 bn Italy's Eni to sell 30 % in Snam to state lender for $4.36 bn](/industry/oil_gas/images/eni_pipeline_sm_domain-b.jpg)
Italy's Eni to sell 30 % in Snam to state lender for $4.36 bn
31 May 2012
The Italian government issued a decree this month that required Eni to offload at least 25.1 per cent of Snam to reduce the country's €1.9 trillion public debt
![HC asks govt, oil retailers to justify petrol price hike HC asks govt, oil retailers to justify petrol price hike](/industry/oil_gas/images/petrol_pump_sm.gif)
HC asks govt, oil retailers to justify petrol price hike
31 May 2012
The Bombay High Court yesterday accepted a petition for hearing that among other issues demands uniform petrol prices in the country
China leads growth in global wind power capacity
30 May 2012
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