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Overview: Modi government setting the stage for India's economic comeback

To get the economy fully back on track, the Modi government will have to keep up the pace of efforts for the improvement of investor sentiment, climate for doing business by removing bottlenecks, employment generation and containing inflation.

'Diesel deregulation, gas price to have positive impact on oil companies'

Key oil and gas sector reforms like diesel deregulation and a new gas pricing policy will have a positive impact on companies engaged in fuel retailing and gas production, says a report by Fitch Ratings.

Maruti expects shift in demand for petrol cars

Maruti Suzuki is expecting a shift towards petrol vehicles with the recent deregulation of diesel by the government.

SIAM, Tata Motors, Nissan welcome diesel deregulation

Tata Motors and Nissan Motor India, besides automobile industry body SIAM, Tuesday welcomed the government's move to deregulate diesel prices in the country.

Diesel deregulation credit positive for India: Moody's

The decisions to deregulate diesel prices and hike the natural gas prices are "credit positive" as it would bring in fiscal discipline, ratings agencies Moody's said on Tuesday.

`Diesel price cut to reduce WPI by 0.20% in next two months`

RBI may cut rates 2-3 quarters ahead of consensus expectations on the back of these developments, says Motilal Oswal.

India's older refineries to face survival test on diesel deregulation

The government may soon deregulate the diesel market so that it no longer needs to subsidise state-run refiners for selling the fuel at below-market prices.

Oil companies hold 35 paise cut in diesel, 55 paise hike in petrol

Diesel rates were last cut on January 29, 2009 when they were reduced by Rs 2 a litre to Rs 30.86.

Diesel deregulation: Oil Ministry yet to move Cabinet

As the fall in international oil rates brings domestic diesel retail price at par with cost, the Oil Ministry has not yet moved Cabinet for deregulation of the nation's most consumed fuel.

Oil Ministry to seek Cabinet nod on diesel deregulation

Oil Ministry will seek Cabinet nod for freeing diesel prices after retail rates achieve parity with global levels, and has proposed to cut subsidy payout by upstream firm like ONGC by half.

Oil ministry to seek Cabinet nod on diesel deregulation: Sources

Oil Ministry will approach Cabinet regarding the possible deregulation of domestic diesel pricing as local prices could soon reach parity with global levels, two ministry sources have said.

Price deregulation will not affect much on diesel variants

The deregulation of diesel prices would not affect much the demand on the variants as the customers still go for diesel cars across the country, a top official of Fiat Chrysler India, said on Friday.

Diesel prices to be deregulated in six months: Moily

State-owned fuel retailers, who control 95 percent of the petrol pump sales, sell diesel at government-fixed rates, which are way lower than the cost of production.

Diesel decontrol to lead to overall price rise: Gurudas

AITUC leader Gurudas Dasgupta Thursday slammed the Centre for virtual deregulation of diesel prices and claimed it would fuel price rise.

Hike diesel prices in phases: Assocham

Oil companies should increase diesel prices in phases otherwise inflation will escalate further, industry body Assocham said Thursday.

Diesel reforms fuel market rally; NSE Nifty up 37 points

A strong rally in energy stocks following the government decision to virtually deregulate diesel prices to rein in fiscal deficit boosted investor confidence as the benchmark CNX-Nifty Thursday jumped by 37 points at the NSE.

Rupee rebounds by 30 paise to 54.39 against dollar on diesel deregulation

The rupee Thursday strengthened by 30 paise to end at two-week high of 54.39 on persistent capital inflows and dollar sales following government's decision to virtually deregulate diesel prices in its continuing economic reform agenda.

Sensex rallies 146 pts; RIL, ONGC gain on diesel deregulation

The 30-share Sensex closed with a gain of 146.40 points to settle at 19,964.03 points as RIL and ONGC jumped over 3 percent each. The broad-based NSE index Nifty rose by 37.35 points, or 0.62 percent, at 6,039.20.

Diesel deregulation: Need to look into dimensions of issue, says FM

Finance Minister P Chidambaram on Wednesday said that government will have to look into various dimensions of the issue before taking any decision on deregulating diesel prices.

Political compulsions in way of diesel deregulation: Reddy

Despite admitting the necessity, Oil Minister S Jaipal Reddy on Wednesday said practical and political compulsions are deterring the government from freeing diesel pricing from its control.