Reuters: Money News: India looks to cushion power firms from gas hike

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Reuters: Money News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

India looks to cushion power firms from gas hike Jun 29th 2013, 04:49 MUMBAI/NEW DELHI (Reuters) - India promised to protect key industries from the full impact of higher gas prices on Friday, taking the shine off a reform which may bring in more investment to the gas sector but could hike costs for consumers by around 50 percent from next year.

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