Sudan wants India’s ONGC Videsh Ltd (OVL) to withdraw arbitration proceedings against the African nation as it is making efforts to mitigate default on payment of dues, OVL said in a statement on Friday.
Aviation watchdog DGCA has allowed the use of taxibots — a semi-robotic vehicle — to tow aircrafts, whose engines will be shut, from the parking bay to the runway holding pointing to curb pollution at airports and save fuel.
India aims to increase the use of biofuels to cut its oil import bill by 120 billion rupees ($1.7 billion) by 2022 and reduce carbon emissions, Prime Minister Narendra Modi said on Friday.
The proposed policy for scrapping 20-year old commercial vehicles will go for another round of consultations with stakeholders as per the PMO directions, Union Minister Nitin Gadkari said today. The proposal aims to pave the way for mandatory scrapping of such vehicles from April 1, 2020.
India has requested Japanese and South Korean steelmakers to step up their investments by building new plants in the south Asian country to produce high-grade automotive steel, a senior civil servant told Reuters.
India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year’s general election, but rising oil prices pose the biggest downside risk, a Reuters poll of economists showed.
Leaders of the BRICS emerging economies – Brazil, Russia, India, China and South Africa – gathered in Johannesburg today for a three-day meeting focused on the threat of a US-led global trade war.
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India’s oil minister said on Monday, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.
Ford India has kick-started an aggressive plan of bringing the right new products to India with the centre of gravity being utility vehicles (UVs).
One of Iran’s biggest oil buyers said it has enough alternative sources of crude to replace any supplies cut off by U.S. sanctions on the Persian Gulf state — even if shipments stop completely.