29 May 2012

Chennai petrol shortage forces offices to allow work-from-home today

Chennai: Many offices in Chennai have been forced to allow their staff to work-from-home today, after petrol pumps remain closed for the third day in a row because of lack of supplies from oil companies. Most petrol pumps in the city are shut and the few that have limited supplies are witnessing chaotic scenes since steepest ever petrol price hike last Wednesday.

Only a few bunks are open in the city, where only a motorist is only allowed to buy a litre or two at a time. The bunk owners here instructed motorists to park their vehicles on the road, leading to a traffic jam, and come in only with 1 or 2 litre bottles.

Two wheeler motorists are the ones who are the most affected. On the day of the announcement of the hike, many bunks ran out of stock of diesel. By the end of last week, a good number of bunks were selling only premium petrol at eighty rupees a litre, effectively taking the hike to over eleven rupees, temporarily. Petrol pump owners, speaking to NDTV on condition of anonymity, deny charges of hoarding and plead helplessness due to "lack of supplies from the companies."

Samuel Rajkumar, a driver fumed, "I stood in the queue for three hours from 5 am. At 8 am I got diesel for Rs 500. When I asked if I could get some more, I was told to go back to the end of the queue."

Quite like the mad rush for application forms for school admission, many motorists particularly auto drivers and others made a beeline at pumps before the crack of dawn for a few litres.

"Are the oil companies playing mind games with us? Create an artificial scarcity so that we would think its ok to shell out more as long as we get to fill our tanks" asked another irate customer.

The reason for the pumps drying up over the last 48 hours is being attributed to "no supplies from oil companies." When contacted, the Indian Oil Corporation Public Relations Officer Vetri Selvam told NDTV that he will "issue a statement shortly after discussing with the Executive Director." However oil companies say the situation will improve by tomorrow.

The AIADMK is slated to stage a demonstration against the hike across Tamil Nadu today and the DMK will hold its protest on Wednesday. Meanwhile, it's not the hike but the scarcity of petrol that has left people in Chennai worried.

Sources have told NDTV that the "shortage may continue for another two or three days and is due to reduced supply of Euro 4 grade fuel. Two Euro 4 grade tanker ships are expected to arrive at the Madras Refinery tomorrow. There has also been an unplanned shut down of MRPL & CPCL refineries in April for almost a month and over a week respectively."

28 May 2012

CBSE Class 12 results 2012 declared for all regions

New Delhi: The results of class XII Central Board of Secondary Education (CBSE) examination 2012 have been announced.

The results are available on the websites www.results.nic.in, www.cbseresults.nic.in and www.cbse.nic.in. Students can also get their results on email by registering themselves on these websites.

Students can also dial 011-24357276 to get their results. Besides, they can get their results through SMSes.


The results for class X CBSE examination were declared on May 24, which recorded a pass percentage of 98.19. Girls once again outshone boys by aggregating a pass percentage of of 98.48 per cent as compared to 97.98 per cent in case of boys.

Nifty hits 4950 mark


It was a quiet start for the Nifty on the first day of the expiry week. The Sensex was up 109.47 points or 0.67% at 16327.29, and the Nifty was up 32.55 points or 0.66% at 4952.95. About 651 shares advanced, 257 shares declined, and 2515 shares remain unchanged. 
Auto, banks and capital goods stocks were on buyer's radar today. The broader markets also opened with decent gains. 
The Indian rupee opens at 55.24 per dollar versus 55.37 on Friday.
Top gainers on the Nifty were Bank of Baroda, SBI, BHEL, Jaiprakash Associates and Tata Steel. GAIL, BPCL, HUL and Ambuja Cements were bleeding in red.
Reliance Communications, India's second-biggest mobile phone carrier by subscribers, said on Saturday its fourth-quarter profit nearly doubled - its first profit rise in 11 quarters - on sharply lower costs.
Reliance Communications, controlled by billionaire Anil Ambani, said consolidated net profit rose to Rs 3.32 billion for the three months ended March, from Rs 1.68 billion reported in the year-ago quarter.
Broader Markets
In the midcap space 3M India, FDC, Shree Global, Zydus Wellness and Redington were up 4-10%. On the losing side, S Mobility, Suzlon Energy, Nava Bharat Ventures, FAG Bearings and Aurobindo Pharma were down 2-12%.
Chart Check
The 200-day SMA (Simple Moving Average) and 20-day EMA (Exponential Moving Average) have now shifted to 16800 / 5070 and 16430 / 4975, respectively. The ‘20-Week EMA’ is placed at 16930 / 5130 level.
Indices have taken a support near 15860 / 4766 level, which is the 78.6% Fibonacci Retracement level of the rise from 15135 / 4531 (Low on December 23, 2011) to 18524 / 5630 (High on February 22, 2012).
The daily 'RSI - Smoothened' oscillator has now signaled a positive crossover in the oversold territory. The candlestick pattern on the weekly chart represents another bullish “Hammer”.
Stocks in News
Government sources indicate that a diesel price hike in June is inevitable and that there could be small frequent hikes instead of a Rs 5-7 per litre hike.
 
The Telecom Commission passes on the TRAI’s reserve price recommendations to the EGoM. The TRAI analysis will go via the Department of Telecom (DoT) before coming to the EGoM. The auction will be undertaken in the 1st half of CY13. The telecom secretary says they have not made any recommendations on pricing and the EGoM will take a decision based on the TRAI’s analysis.
CNBC-TV18 learns that the Future Group management has given a nod for the sale of Future Capital stake to Warburg Pincus. The Future Group-Warburg deal is likely to be announced this week.
Hotel Leela redeems outstanding bonds worth USD 41.6 million.
JSPL drops USD 2 billion Bolivia plan, reports the Times of India.
RIL moves High Court on new consent order rules as it wants to settle insider trading charges via consent, reports the Economic Times.
Pratibha Industries ’ board okays issuing shares on rights basis.
The Reliance Industries versus Ministry spat forces PMO to look at Oil & Gas sectors, with Rangarajan heading the committee, reports the Economic Times.
Lanco will be selling its roads business and power arm to pare debt.
Thomas Cook ’s open offer is priced at Rs 65.48 per share. The offer opens on July 11 and will close on July 24.
Agencies report that trade union representatives in EPFO opposes Reliance AMC stake sale to Nippon Life.
And Tata Motors lowers its production target from 2.5 lakh units/year to only 30,000 units as vendors remain reluctant to take a hit on profitability. Tata Motors says there is no timeline fixed for the Nano Diesel launch. Vendors meanwhile are not accepting lower volumes for the diesel Nano.
Currency Corner
In the currency space, the euro recovers after briefly dipping below 1.25 on Friday rattled by Greek exit fears. The euro currently is above 1.25 while the dollar index holds above the 82 mark.
In the currency futures market, the most traded near-month dollar-rupee contract on the NSE closed at 55.4. The USDINR May open interest was down by 1.6% from the previous close. The June contract open interest was up by 21.8% from the previous day
ICICIdirect expects the US dollar to attract some selling pressure on rallies against the INR. Utilise the highs in the US$/INR May contract to sell
Commodity Check
Meanwhile, Brent crude prices steady around USD 107 per barrel levels following an upbeat US consumer sentiment data. The rupee movement, which fell to record lows against the dollar in the week gone by and impacted markets, will keep investors cautious. The euro gained against the dollar on Friday while exporters sold the greenback, helping the rupee's cause.
And from the precious metals space, gold inches higher to USD 1574/oz levels
Asian Markets
In Asia, South Korean markets are shut today. Right now, Taiwan is up 0.3%; Hang Seng is up 0.2%; Nikkei is up 0.1% and Shanghai is down 0.6%.
Wall Street ends lower
US markets closed lower in thin trading as investors remain cautious amid ongoing worries in the euro zone. Still, all three major indices posted their best weekly gains for the month, snapping a three-week losing streak. For the week, the Dow gained 0.69%, the S&P 500 rallied 1.74%, and theNasdaq soared 2.11%.
Cues from Europe
European markets closed flat as some traders looked to book profits on the back of a two-day rally with fears over Greece still lurking in the background.

25 May 2012

दिल्ली में 5 रुपये सस्ता होगा पेट्रोल

नई दिल्ली: दिल्ली में पेट्रोल सस्ता हो सकता है। सूत्रों के मुताबिक पेट्रोल की कीमतों में करीब पांच रुपये तक की कमी की जा सकती है। फिलहाल दिल्ली में पेट्रोल का कीमत 73.18 पैसे है।

दिल्ली सरकार इस पर 20 फीसदी वैट लगाती है जिसे घटाकर 12.5 फीसदी करने का प्रस्ताव है। दिल्ली सरकार का बजट सेशन 28 मई से 6 जून तक चलेगा जिसमें इसका ऐलान हो सकता है।

जयराम ने कहा, लोगों को मुफ्तखोरी की आदत पड़ गई है

नई दिल्ली: केंद्रीय ग्रामीण विकास मंत्री जयराम रमेश ने एलपीजी, डीजल और केरोसिन से सब्सिडी हटाने की वकालत करते हुए कहा है कि सरकार को सब्सिडी से बहुत घाटा हो रहा है।

उन्होंने कहा कि लोगों को मुफ्तखोरी की आदत पड़ गई है और पेट्रोलियम पदार्थों पर सरकार जितनी सब्सिडी देती है, उससे कम बजट तो उनके मंत्रालय यानी ग्रामीण विकास का है।

गौरतलब है कि पेट्रोल में की गई 7.5 रुपये की भारी बढ़ोतरी से जहां सरकार की भारी आलोचना हो रही है और खुद यूपीए के सहयोगी दल इसके विरोध में आवाज बुलंद कर रहे हैं, वहीं रमेश का यह बयान आग में घी डालने वाला साबित हो सकता है।
Custom Search
Get