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Major oil marketing companies mull daily fuel price change

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This will help India move to an international standard of fuel pricing India's state-run   oil  marketing companies, which control over 90 per cent of the retail fuel market in the country, are mulling a plan that would allow daily changes in the price of automotive fuels, Economic Times reported on Friday. State-owned and India's biggest oil marketing company Indian Oil Corp Ltd and its two smaller peers Bharat Petroleum and Hindustan Petroleum are considering ways to roll out the plan to review petrol and diesel prices daily, executives from the firms told the daily. The state-run companies declined to immediately comment. The daily price change — also called dynamic fuel pricing - essentially means the companies will not wait for a fortnight to adjust the price of petrol and diesel in tandem with crude price as they do now. Instead, they will change the price every day based on crude price movements. This will help India move to an international standard of f...

Hyerabad beat Bangalore in IPL opener

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Defending champions Sunrisers  Hyderabad  rode on a solid top order contribution and some disciplined bowling to defeat Royal Challengers Bangalore (RCB) by 35 runs in the opening match of the 2017 Indian Premier League (IPL) here on Wednesday. Asked to bat first by the visitors, Hyderabad posted a commanding 207/4 in their allotted 20 overs at the Rajiv Gandhi International Stadium. In reply, RCB were bowled out for 172 runs in 19.4 overs. RCB  started their chase in explosive fashion as Chris Gayle and Mandeep Singh scored around 10 runs an over in the first five overs. The visitors suffered their first blow when a Rashid Khan delivery found an inside edge off Mandeep's bat before hitting the stumps. They suffered a bigger blow in the next over when Gayle slightly mistimed a shot off Deepak Hooda only to offer a skier to David Warner at long-off. Kedar Jadhav and Travis Head gave RCB a glimmer of hope with a 56-run stand off 31 balls but Ben Cutting prod...

Facebook copies Snapchat again? Co adds detailed camera features

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Facebook Inc is giving the camera a central place on its smartphone app for the first time, encouraging users to take more pictures and edit them with digital stickers that show the influence of rival Snapchat. Shares of Snapchat owner Snap Inc, which held its initial public offering this month, were down 4.1 percent at $22.85 after Faceook's announcement. With an update scheduled to take effect on Tuesday, Facebook will allow users to get to the app's camera with one swipe of their finger and then add visual details like a rainbow or a beard of glitter. Users will be able to share a picture privately with a friend, rather than to all of their friends, and add a picture to a gallery known as a "story," similar to a feature on the Snapchat app. Snapchat popularized sharing of digitally decorated photographs on social media, especially among teenagers, and exposed a weakness of Facebook as the companies battle for eyeballs and leisure time. ...