Petrol Prices Reduced 56 Paise From Tuesday

Retail gasoline prices in New Delhi, Rs 67.90 a liter, about 0.8 percent will be lower than the current 68.46 per liter.

Partially convertible rupee closed at 52.64/65 per dollar, while Brent crude oil traded at 111.26 dollars a barrel at 1245 GMT.

"The international oil market and the rupee - dollar exchange rate and will closely monitor the future trends will be reflected in the price changes," the IOC said in a statement.

Currently, the rupee - dollar exchange rate has shown an appreciation trend. The IOC said that international oil prices, however, casting shadow on gasoline prices continue to persist, adding there is significant volatility in international oil prices and the exchange rate was.

The IOC said the international oil market and closely monitor trends in exchange rate and price changes will be reflected in future.

Despite the freedom of pricing, gasoline prices have not moved in tandem with the cost. IOC, BPCL and HPCL lost Rs. "In line with market conditions, the desired extent due to the inability to change the retail price," said April - September 2600 crores during the on petrol.

Since it is a deregulated commodity, for the loss on petrol are to be absorbed by the oil companies.

Kingfisher Cancels Flights on Labour Woes

Kingfisher, which is  need of capital to keep flying, said earlier in the day it had cancelled some flights because of problems with staff, who have not been paid for months.

Cash-strapped Kingfisher Airlines cancelled all of its flights on Monday due to staff unrest, adding to doubts about the ailing private carrier's future and sending its shares plunging.

Infosys in talks to acquire Spanish consulting firm

Infosys, India's second largest IT services company, Everis, a Spanish consulting company, is in talks with a potential acquisition.

Started in 1996 as DMR Consulting, Everis +9000 consultants globally, March 31, 2011 as employed. March 31, 2011 the Company € million in revenue in the fiscal year ended (about 635 million) +506 million € 46 (approximately 58 million), with operating profit, reported. April each year at the company updated its annual financial numbers, FY12 results are posted on their website.

In 2007, the company's management and its institutional shareholders Apax Partners bought financial manager. At present, 66 per cent of the company's management team and employees, while the rest is owned by the British investment fund 3i and Hutton Collins, London Group and is owned by a group of minority shareholders, according to the company website.

Infosys said it "does not comment on rumors and speculation." Everis an email went unanswered.

Sources familiar with the developments in the negotiations on the issues of evaluation were moving at a slow pace. Everis too well the euro zone crisis that has affected many European countries, including Spain, is not due to be doing. Everis Spain Madrid headquarters, which has been severely affected by the crisis, about 70 per cent of its revenue came out.

Infosys, and again, the company is looking at acquisition targets in the European market as a vehicle to penetrate deep into the geography and adding consulting capabilities. It is now a part of Infosys 3.0 strategy reveals. In 2008, a European consulting company Exxon, which was eventually acquired by HCL Technologies had attempted to achieve.