Prime Minister Narendra Modi said on Thursday the size of Indian economy will double to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each.
The government’s muddling in sectoral policies to favour public sector undertakings and dissuade competition and investments ultimately results in hurting the larger consumer interest.
State Bank of India hopes to resolve 7-8 stressed power assets with an exposure of around Rs 17,000 crore during the breather given by the Supreme Court till November 11, SBI Chairman Rajnish Kumar said Thursday
Coal-based thermal power plants are likely to suffer due to the twin issues of lower power demand from distribution companies and coal availability. However, the broad outlook is positive for wind energy, solar power and transmission sectors
Century Plyboards (India) Ltd has installed rooftop solar panels at its manufacturing units spread across India. The initiative, entailing an investment of Rs 35 crore, is expected to help the company meet around 15 % of its total power requirement
Russia's VTB Bank-promoted firm NuMetal has alleged in the Supreme Court that NCLAT "wrongly" applied legal provisions to enable its rival bidder ArcelorMittal to pay the dues of two debt-ridden firms even after it had bid for Essar Steel.
The Competition Commission has approved the acquisition of debt-ridden Essar Steel by a consortium of ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal Corporation. Earlier this month, ArcelorMittal
India and Russia are expected to conclude a deal during their October 5 annual summit here to increase Delhi’s investments in Russian oil fields. India is eyeing to develop energy ties as a key pillar of the strategic partnership.
The rupee's slide continues to play havoc with fuel prices. After pushing petrol and diesel prices to historic highs across the country, a substantially weakened rupee is expected to jack up CNG(compressed natural gas) and PNG (piped natural gas) prices
Loss of Gujarat State Petroleum Corporation Ltd (GSPC), which was once projected as a major success, has turned State Public Sector Units (SPSU) net loss-makers during the fiscal 2016-17, said a report of Comptroller and Auditor General (CAG) of India
LNG buyers are making the best of a surge in gas supply. Most of the recent sale-purchase agreements (SPAs) with a term of over two years were done through the tender route, Petronet LNG Ltd highlighted in its annual report.
It is no mystery that India is highly vulnerable against international crude oil, after all its the third largest oil importer in the world. The country’s dependency on oil imports is about 80% of its total consumption. Currently
Ending the confusion over signing deals under the Open Acreage Licensing (OALP-I), London Stock Exchange-listed Anil Agarwal-led Vedanta Resources has received shareholder and board approvals for signing contracts for 41 oil and gas blocks on October 1.
Allowing imports of ethanol can help lower the country’s crude oil import bill, according to the US Grains Council, a global biofuel promoting organisation. “To reduce the price of petrol and reduce the nation’s energy import bill
India's Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.
Central Railway (CR) has planned additional services on the Central and Harbour lines to cater to the rush ahead of Ganapati immersion. There will also be no megablock on any CR line or on Western Railway on Sunday, the immersion day.
The National Board for Wildlife (NBWL) has directed Railways to justify the construction of the Hubbali-Ankola railway line in Karnataka through the ecologically fragile Western Ghats and asked it to first get clearance from the state wildlife
The North Western Railway has decided to take action against cattle owners if found affecting train services, an official said Thursday. The North Western Railway stands on second place in the country with 86 per cent punctuality
