File Photo

File Photo

The Mint Report for 15 November 2011

The Mint Report for 15 November 2011

File Photo

The gain in Kingfisher stocks came even though it reported widening losses the same day. The airline’s second quarter net loss has increased to Rs469 crore from Rs231 crore in the same period last year. Revenues meanwhile increased 10.5% to Rs1,528 crore.

Loading Video

In other news, petrol has become cheaper again. On Tuesday the government slashed the price of petrol by Rs1.85 per litre. That’s exclusive of various state levies and taxes. This is the first cut in the cost of petrol in 33 months.

Australia may finally agree to sell India uranium. Its Prime Minister Julia Gillard has indicated she plans to work towards removing the ban on uranium exports to this country. She has argued the move will be good for Australia’s economy and will improve relations with India.

Keep up with latest news/ views on the livemint Facebook page

Follow livemint on Twitter for latest news / views / full coverage

Close