Uddhav Thackeray's aggression

Uddhav Thackeray's aggression

From all accounts, Shiv Sena chief Uddhav Thackeray appears an unlikely candidate for a skirmish...
Verdict on Robert Vadra case today

Verdict on Robert Vadra case today

A PIL is seeking a court-monitored CBI probe into various land deals allegedly entered into by Robert Vadra's firms.

Oil companies rally on petrol price hike

May 24 2012, 09:48 IST
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Indian oil companies rallied after govt allowed them to raise prices of petrol. (Reuters) Indian oil companies rallied after govt allowed them to raise prices of petrol. (Reuters)
SummaryIndian oil companies rallied after govt allowed them to raise prices of petrol.

State-run Indian oil companies rallied after the government allowed them to raise the prices of petrol, though the action was more mixed for auto stocks.

Bharat Petroleum Corp gained 3 per cent, HPCL added 2.3 per cent, while Indian Oil Corp advanced 2.7 per cent.

The impact on auto stocks was more mixed given the proportion of petrol and diesel vehicle sales are different per company.

Maruti Suzuki shares fell 2.6 per cent, while two wheeler makers Bajaj Auto fell 1.5 per cent and Hero MotoCorp lost 1.4 per cent

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