Igl
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IMF report warns of rising risks in economy, Reliance in bullish trend; all this and more on Moneycontrol Pro
Moneycontrol •The IMF says that ultra-low and negative interest rates have led to a desperate search for yield among investors, leading to overvaluation of assets.
CNG price hiked for third time since April; impact of dollar appreciation against rupee, says Indraprastha Gas
•Rates were last revised upwards by 90 paise per kg in July. Prior to that, CNG price was hiked in April by Re 1 per kg
Indraprashtha Gas Ltd increases price of CNG by Rs 1.70 per kg in Delhi, cites appreciation of dollar compared to rupee
Ians •GL has also raised the price of CNG by Rs 1.95 per kg in Noida, Greater Noida and Ghaziabad.
Gas retailing bids: Reliance Industries-BP joint venture seeks licence for 15 cities, IGL 13
•Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closes this evening
GST from 1 July: Natural gas may be included in new tax regime, likely to benefit ONGC
•Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from 1 July
IGL net profit jumps 44% to Rs 148 cr in Apr-Jun qtr
•IGL said sales volume grew 13 percent to 4.34 million standard cubic meters per day from 3.83 mmscmd a year ago
After petrol, CNG and piped gas rates also cut by 60 paise
Fp Archives •Indraprastha Gas, which retails compressed natural gas to automobiles and piped cooking gas to households in the NCR, said the new rates would be effective from midnight today. CNG price in Delhi will be reduced by Rs 0.60 per kg to Rs 37.55, while in adjoining Noida, Greater Noida and Ghaziabad it will cost 70 paisa less at Rs 42.80, IGL said in a statement.
Mahanagar Gas looks to raise Rs 800 crore via IPO
Fp Archives •Mahanagar Gas Ltd, a natural gas distributor in India, is looking to raise around Rs 800 crore ($129.66 million) in a stock market listing in the first quarter of 2015
Indraprastha gas order: why is the market in panic?
Bose •ough the order does not chalk out a plan on how refunds can happen, IGL has been asked to adjust the pricing to adjust for past refunds.
Delhiites can now pay 10-20 percent less for CNG, piped gas
Fp Staff •IGL will be forced to cut the price of CNG by around Rs 7 a kg and Piped Natural Gas by Rs. 2.20 a unit in New Delhi and the National Capital Region.