Government-owned oil marketing companies (OMCs) may Witness a 52% jump in losses on account of selling fuel below cost at state-mandated prices to Rs.2 trillion in the next financial year, said R.S. Butola, chairman, Indian Oil Corp. Ltd (IOC), the nation’s largest fuel retailer. Such an increase will impact the financials of government-owned OMCs such as IOC, Hindustan Petroleum Corp. Ltd (HPCL) and Bharat Petroleum Corp. Ltd (BPCL), which currently register...

-PTI 66 % are ‘crorepatis,' analysis of candidates' affidavits submitted to EC show More than one-third of the candidates elected in the just concluded Assembly polls in five States have criminal cases registered against them, with Uttar Pradesh topping the list. Thirty Five per cent or 252 of the 690 MLAs elected to the five Assemblies — Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa — have criminal background, a rise of eight per...

Nature serves well even when rivers run dry. Students of Government Polytechnic-Nirsa who recently unearthed four artesian wells in a rocky stretch of Dhanbad, will surely vouch for the natural source of water that promises succour as another arid summer looms. The nine final-year civil engineering (diploma) students, under the guidance of senior lecturer of the institute Suresh Prasad Yadav, spotted the four wells in Baliapur block of the district — one...

A bidi-smoking petty contractor who suddenly bought two Boleros and a former newspaper hawker who zipped about Chhattisgarh’s jungles in a Toyota may hold the key to a question bugging the custodians of national security. What the police want to know is: are business houses paying off the Maoists to be able to operate deep inside central India’s mineral-rich guerrilla zones? Chhattisgarh police say that when contractor B.K. Lala’s bank account suddenly...

Parliament must use budget session to discuss key pending bills The budget session of Parliament begins today. The last few sessions have been characterised by disruptions and consequent loss of productive time. To see one indicator, the 15th Lok Sabha, half-way through its term, has lost 30 per cent of scheduled time — the worst ever. As a result, many important bills have been pending. It is to be seen whether...