Fuel price hike

New Delhi, Sept. 19: High global crude prices, which have touched $82 a barrel, may lead to a hike in domestic petrol and diesel price. “The petroleum ministry has moved a cabinet note for raising fuel prices but a decision will depend on what allies of the ruling alliance say,” an official said.

Nagarjuna

Mumbai, Sept. 19: Nagarjuna Construction, along with South Korea-based Posco, has bagged a Rs 1,558-crore contract from Steel Authority of India Ltd for its IISCO Steel Plant at Burnpur.

Vodafone

New Delhi, Sept. 19: Hutch has been re-branded as Vodafone. It marks the completion of the UK-based company’s acquisition of Hutchison Telecommunication’s Indian assets.

FIPB move

New Delhi, Sept. 19: The Foreign Investment Promotion Board (FIPB) will tomorrow take up a proposal by Maruti to form a joint venture for setting up an exhaust parts manufacturing facility. It will also look into another proposal by Citigroup Global Services to form a subsidiary for investing in SEZs.

Duty repealed

New Delhi, Sept. 19: The imports of all goods covered under VAT, especially computers and mobiles, may become marginally cheaper as the government has withdrawn a 4 per cent special additional duty on all VAT-paid imports.