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MUMBAI(Reuters) – Indian shares provisionally ended up on Monday after headline inflation eased marginally in March leading to gains in rate- sensitive stocks like banks and automobiles. State Bank of India rose 2.77 percent and Tata Motors ended 4.22 percent higher. The Reserve Bank of India will release its...
MUMBAI: Prize Petroleum Company Ltd (PPCL), the exploration and production (E&P) arm of Hindustan Petroleum Corporation Ltd (HPCL) and which merged with the latter last year, has begun the transfer of assets and is to soon have a business plan in place. Last year, the company was merged with...
NEW DELHI: The Union Cabinet will soon take a call on the vexed issue of whether to go for international arbitration at a London tribunal against Oman, which raised natural gas price from 77 cents to $3 per unit, leading to a sharp rise in the price of fertiliser...
Upstream regulator DGH has asked the Oil Ministry to take a call on allowing RIL and its partner BP plc to invest in pre-development activities in 16 gas discoveries in KG-D6 block, most of which have not yet been proved to be commercially viable at current prices. Reliance Industries...
NEW DELHI: Former chief economist of the IMF Raghuram Rajan has said the political parties need to bury the hatchet for paving the way for deregulating diesel prices to rein in runaway fiscal deficit and boost the confidence of overseas investors who are a necessity for India. “The time...
NEW DELHI: The Fertiliser Ministry’s thrust on ramping up urea capacity is likely to widen the demand-supply gap for natural gas in the domestic market. This is because future capacity addition will be mostly gas-based. The proposed urea investment policy envisages the creation of 10 million tonnes of capacity...
NEW DELHI: Produce more is what ONGC is often told. But, how does the public sector giant increase its output when its finances are being squeezed because of Government policies, subsidies and now increased cess. The public sector oil major is seeking a remunerative crude oil price that will...
After three rounds of price hike, state-owned oil companies today announced a reduction in jet fuel prices by a marginal Rs 170 per kilolitre (kl). The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was reduced by Rs 169.3 per kl, or 0.25 per cent, to...
SINGAPORE: Oil prices slid in Asian trade today after nuclear talks over the weekend between major crude produce Iran and world powers eased concerns over West Asia supply, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in May, was down 61 cents to $102.22 per...
NEW DELHI: In a development that makes a mockery of the government’s proclaimed transparency drive, the power ministry has asked the coal ministry not to make public the list of power projects that would get coal linkage under the new mandatory fuel supply agreements with Coal India. This results...
KOLKATA: Amid the controversy over Coal India Ltd’s (CIL) signing of fuel supply agreements (FSAs) with power companies, the Union power ministry has demanded quick action on a regulator for the coal sector, to decide on allotment and pricing issues, including whether to go ahead with the gross calorific...
NEW DELHI: Bhutan is likely to cut power export to India in coming years even as it plans to import electricity during winter.Bhutan is expected to slash power export to India as the neighbouring country’s own electricity consumption rises fast due to industrialisation. This move may force India to...
AHMEDABAD: Solar power projects with a total capacity of 600 Mw will soon be commissioned at a ceremony at Gujarat Solar Park at Charanka village in Radhanpur, officials of Gujarat Power Corporation said here on Sunday. The projects at Solar Park currently has an aggregate capacity of 214 Mw....
CHENNAI: The US Export-Import Bank has approved $80 million in export financing for a solar project in India. Supporting US jobs at companies in eight States, the bank’s board of directors approved $80.32 million direct loan for the purchase of ‘concentrated solar power technology’ by Reliance Power in Rajasthan....
MUMBAI: Global supplier of technology and services Bosch, which recently forayed into the solar energy space inIndia, is eyeing 10 mega watt worth projects over the next few years. “We are in talks for developing 10 MW projects with private players in Gujarat,Maharashtra, Rajasthan and Karnataka,” Solar Energy Division,...
DHAKA: Transparency International Bangladesh (TIB) and green activists yesterday called for cancellation of the ‘suicidal decision’ of Bangladesh on the proposed coal-fired power project, to be built by India’s NTPC near the world’s biggest mangrove Sundarbans. The corruption watchdog body along with Bangladesh Environmental Lawyers Association (Bela), ActionAid Bangladesh,...
NEW DELHI: Facing criticism for its inability to meet the growing demand for coal, the government is working on a proposal under which Coal India Ltd (CIL) would engage private sector companies to undertake mining on behalf of the public sector undertaking (PSU). The proposal to involve the private...
NEW DELHI: The coal ministry has contested the national auditor’s assessment that the government lost nearly R10.7 lakh crore by not auctioning 155 coal blocks during 2004-2009. The ministry has asked the Comptroller and Auditor General (CAG) to rework its draft performance audit report, giving due consideration to several...