RIL withdraws Jamnagar refinery’s EoU status; to sell fuel in domestic markets

Reliance Industries LtdFollowing the recent withdrawal of the export-oriented unit (EoU) status of Jamnagar refinery, a move facilitating the sale of its products in the domestic market, Reliance Industries Ltd (RIL) is expected to get on with it selling fuel in the country, next week onwards.

RIL's decision to go in for a change in status of the refinery is reported to have come in the wake of a nosedive in the prices of international crude and petroleum product. The drop in prices has reduced the company's its export realization, thereby indicating lower margins.

Suzlon Energy’s shares plunge 19% reportedly due to blade supply problems

Suzlon Energy LtdWith the Wall Street Journal reporting that some problems had occurred in Suzlon Energy Ltd's supply of blades to REpower Systems AG for a project in China, the shares of the company - India's foremost wind-turbine generators' manufacturer - plunged 19 percent to Rs 55.95 on the National Stock Exchange on Thursday.

While Suzlon's blades have reportedly been rejected, the company - which owns 74 percent of Germany's REpower and is looking at increasing its stake beyond 90 per cent - denied any problem, saying that prototypes were being tested and the actual delivery would begin in a couple of months.

Mild earthquake hits Gujarat''s Kachchh district

Mild earthquake hits Gujarat''s Kachchh districtKachchh (G

BJP launches ‘referendum’ on illegal money in Gujarat

BJP launches ‘referendum’ on illegal money in GujaratAhmedabad, Apr 11 : Bharatiya Janata Party (BJP) on Saturday launched `referendum' to seek people's view about getting back the black money stashed by Indians in illegal accounts abroad.

The results of the two-day referendum, which is being carried out on the instructions of Gujarat Chief Minister Narendra Modi, would be made public later.

Voters were seen exercising their franchise in the cardboard-made `ballot boxes' here.

Election sweets in Vadodara

 Election sweets in VadodaraVadodara (Gujarat), Apr 11 : With an eye on the upcoming general elections, a sweet shop in Vadodara has started producing sweets in the shape and colours of various political party symbols.

This unique concept has been successful in attracting hordes of customers in the city.

"It''s the time of Lok Sabha elections. So being a sweetshop owner, even I thought of preparing sweets especially for the season to attract the customers and party workers," said Ramesh Aggarwal, owner of the sweet shop.

Elections likely to hit Gujarat travel business

Elections likely to hit Gujarat travel businessAhmedabad, Apr 11 : The travel business in Gujarat is likely to decline this year due to general elections.

Travel agents in Gujarat fear that they may see a decline of 25-30 percent in business. Many voters in the state have postponed their vacation trips in order to cast their votes.

Considering the upcoming elections, tourists from Gujarat are afraid of travelling to troubled regions like Jammu and Kashmir.