Nymex crude-oil futures fell a bit today, but have lately rallied to their highest levels in nearly four years, more than doubling from the bottom of a crash a couple of years ago.
The good news for global natural gas exporters is that India’s largest utility is hunting for new supplies to import. The bad: It’s seeking shorter deals than have been traditional in the past.
The Indian steel industry may already be in deep waters with imports rising above the normal levels—a situation that’s expected to worsen as countries retaliate to the U.S. steel tariffs, according to JSW Steel Ltd.’s Seshagiri Rao.
India is one of the most vulnerable nations in the world to the long-term impact of climate change due to its geographical location, according to Adair Turner, chairman of Institute for New Economic Thinking.
Railway Minister Piyush Goyal is confident that there will not be “any stress” in getting the land needed for India’s ambitious bullet train project, even as protests continue in pockets of Maharashtra and Gujarat.
Rising liquefied natural gas prices have made it profitable for GAIL (India) Ltd., the nation’s largest distributor, to sell the commodity in the domestic market.
Transport infrastructure consultant RITES Ltd. will buy one-third stake worth Rs 250 crore in state-run peer tasked with development of railway stations — Indian Railway Stations Development Corporation Ltd.
The government, banks and other power sector lenders are currently working on a resolution plan for stressed assets in the power sector.
State-run Power Finance Corporation Ltd. said 11 percent of its total loan book is stressed, contributed entirely by private sector borrowers.
Norway’s $1 trillion wealth fund could face stricter limits on coal investments down the road, but a previously united push by the opposition to make it happen is showing cracks.