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NEW DELHI(Reuters) – India’s industrial production grew at a slower-than-expected pace in February, weighed down by a contraction in output of consumer durable goods, reinforcing expectations the Reserve Bank of India (RBI) will cut interest rates next week to revive demand. While the expansion in output at 4.1 percent...
MUMBAI(Reuters) – Indian shares rose on Thursday as lenders such as ICICI advanced on expectations the central bank will cut interest rates next week after industrial output data was much weaker than expected. India’s industrial production grew at a slower-than-expected 4.1 percent pace in February from a year earlier,...
By Kalyani Shankar The recent Kozhikode CPI(M) Party Congress was an important event as it was taking place after four years during which time the party has faced many ups and downs. It has lost West Bengal and Kerala and has seen its worst political defeat in the 2009...
By Nora Chopra Sheila Dikshit is the new Brahmin face of the Congress. Though a Punjabi Khatri, she is married into an illustrious Brahmin family of the Congress in Uttar Pradesh. Uma Shankar Dikshit, her father-in-law, was a well-known Congress Kanyakubj Brahmin leader from Kannauj in central Uttar Pradesh....
NEW DELHI: Reliance Industries will be able to raise gas production from the D6 block with the help of additional drilling and appropriate technology but current gas prices are too low to justify more investment, a report from Bernstein Research said. “We expect gas prices to double over the...
CHENNAI/HYDERABAD: Bhagyanagar Gas Limited (BGL), which is developing CNG and city gas distribution network for Hyderabad and Vijayawada, is expecting tariff order from the Petroleum and Natural Gas Regulatory Board (PNGRB) soon. “We expect the tariff order to come shortly as the PNGRB had kickstarted the process of fixing...
NEW DELHI: Indraprastha Gas Ltd has filed a petition in the high court against the oil regulator’s order that slashed pipeline tariff and compression charges, but the company has not obtained a stay order against the directive. “The Delhi High Court has issued a notice to the petroleum regulator...
NEW DELHI: Pune-based Force Motors today said it has tied up with Hindustan Petroleum Corporation for supply of oil to use in its entire range of products. “This contract was signed after extensive trials of genuine oil in various operating conditions of aggregates by both Force Motors and HPCL,”...
NEW DELHI/MUMBAI: After nearly two decades of being led by the formidable Vikram Singh Mehta, Shell India on Wednesday announced the appointment of Yasmine Hilton as the chairman of group companies here. Mehta’s exit and Hilton’s entry would see the company making history inIndia, where women have remained out...
SINGAPORE: Oil trader Trafigura will invest up to $250 million in a refinery and oil storage project in India’s southern state of Tamil Nadu, the company said in a statement on Thursday. The investment will include an equity stake in the Nagarjuna Oil Corporation Limited ( NOCL) oil refinery...
NEW DELHI: Shell India chairman Vikram Singh Mehta will retire in October, the company said on Wednesday. Mehta, who served the energy group for 24 years, will be succeeded by Yasmine Hilton who is based in London. A PhD in genetics, Hilton has been working with the Shell Group...
Iran may accept a diplomatic solution to the nuclear issue MUMBAI: The new financial year may have started on a subdued note, but there’s good news on the crude oil front. Oil analysts believe the probability of a correction in crude prices by the next month is very high,...
BOSTON: The drastic rise in the price of oil and gasoline is in part the result of forces beyond our control: As high-growth countries like China and India increase the demand for petroleum, the price will go up. But there are factors contributing to the high price of oil...
NEW DELHI: The Centre has decided to leverage the national electricity fund (NEF) to push states on power sector reforms. The fund is meant to provide interest subsidy on loans taken by states for funding power distribution projects. Experts agree that the fund will help states reduce their funding...
NEW DELHI: As the country braces for a harsh summer ahead, the average coal stock at about 25 thermal power plants has reached a ‘supercritical’ level. These plants have enough supplies for less than four days, against a normal range of 20-30 days. According to data from the Central...
The Power Ministry had notified units consuming more energy in paper and some industries. As the sun was setting on the previous fiscal year, the Ministry of Power and Bureau of Energy Efficiency (BEE) were quietly resurrecting a historic regulation for accelerating energy efficiency in the industrial sector. The...
KOLKATA: India’s largest thermal power producer, NTPC Limited has invited bids for import of five-million tons of coal for fuelling its 13 plants across the country. Bid documents will be issued until April 25, and coal imports would be through international competitive bidding for several supply packages. The power...
KOLKATA/ANGUL: The utility major National Thermal Power Corporation Limited (NTPC) has expressed confidence to cross its power generation target during the 12th five year plan. “We are confident to produce about 13,000MW of additional power during the current plan period as against the target of 11500 MW,” said Chairman...