The consolidation among public sector oil companies could start with a merger, rather than a takeover. Senior government officials say a merger or an amalgamation could obviate the need for an open offer to buy equity from minority shareholders.
India will abide by its existing commitments under the Paris Agreement regardless of whether the US President Donald Trump pulls out from the global climate change compact or not.
Prime Minister Narendra Modi and Russian President Vladimir Putin meet on Thursday for an annual summit the highlight of which is expected to be the signing of an agreement to build the last two units of the Kundankulam nuclear power plant with Moscow’s help.
Railways have decided to provide the ‘buy tickets now and pay later’ service for any Express trains, an IRCTC official said on Thursday.
Vedanta, the London-headquartered metals and mining major, is looking at the possibility of expanding its alumina refinery production at Lanjigarh in Kalahandi district of Odisha beyond the present cap of four million tonnes per annum (mtpa).
Settlement of arbitration claims by infrastructure developers is slow because of the inability of road developers to provide bank guarantees and open escrow accounts, according to India Ratings and Research (Ind-Ra).
Oil prices fell to a three-week low on Wednesday with Brent set for its fifth monthly loss despite Opec-led output cuts to reduce a global glut to try shore up prices.
Jindal SAW, Essar Steel and Welspun Corp have petitioned the Directorate General of Anti-Dumping and Allied Duties (DGAD) to impose anti-dumping duty on imports of submerged arc welded (SAW) pipes from China, after local firms lost a number of tenders to Chinese suppliers.
State-owned Indian Oil Corp (IOC) and its partners are in talks to buy 49 per cent stake in Russia’s Vankor cluster oilfields to consolidate their presence in the energy-rich Arctic region.
The government has scaled down the restrictions on exports and mining has picked up in Goa and Karnataka. China was the principal reason for the galloping rise in India’s exports of iron ore since the beginning of the new millennium, hitting a high of 117.37 million tonnes in 2009-10.