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Indian energy firms Reliance Industries and Oil and Natural Gas Corp have registered remarkable hike in their quarterly profits. This profit is earned in the support of rising oil prices.

During October-December there was a 14 per cent rise in crude oil prices, it should enlarge limits for Reliance. It is expected that it would probably help India's largest listed company to post a record quarterly profit and nationalized ONGC its biggest quarterly percentage profit jump in near six years.

There is news that the government is trying to accelerate the process of divestment of Sky News. And this is being done by accelerating the plans of British Sky Broadcasting to sell its stake.

Rival media groups have shown their unacceptability and have said in a statement sent to Jeremy Hunt, the culture secretary that the step is totally unfair and against them.

The letter was sent to the minister by Slaughter and May, the solicitors representing BT, the Guardian Media Group, Daily Mail and General Trust, Trinity Mirror and the Telegraph Media Group. He received it yesterday night and since then a lot of hullaballo is occurring across the news.

Data collected by AA has shown that price of fuel has gone up at a record level in the last decade. The average price was at 128.77p a litre in the month to mid-January, which shows that it went up by 6.13p a litre.

Moneysupermarket. com did the research comparison and said that the fuel price rise is an outcome of the way the people are using their cars. It also said that their findings have shown that close to 62 per cent people are driving lesser. And some 5 per cent of previous drivers have given up cars altogether because of price rise.