Finance Minister Arun Jaitley has said that most of the pending issues with Iran particularly relating to the oil payment have been resolved.
Buoyed by higher margins from its core refining and petrochemical businesses, oil-to-telecoms conglomerat Reliance Industries today reported a 12.5% increase in second-quarter consolidated net profit at Rs 8,109 crore as compared with last year’s figure of Rs 7,206 crore.
The plant load factor (PLF) of gas-based power plants (GBPPs) is likely to decline further in FY18, says India Ratings and Research (Ind-Ra).
Reliance Industries (RIL) hit a record high of Rs 875, up 4% on the BSE ahead of its July-September quarter (Q2FY18) results on Friday.
State-owned Indian Oil Corporation (IOC) has dropped plans to merge its subsidiary Chennai Petroleum Corp Ltd (CPCL) with itself, a top company official said.
Cabinet Approves Signing Of The Memorandum Of Cooperation Between India And Japan On Establishing A Liquid, Flexible And Global LNG Market
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing of the Memorandum of Cooperation (MoC) between India and Japan on establishing a liquid, flexible and global LNG Market.
Railway Minister Piyush Goyal today said Indian Railways will be making an investment of around Rs 2,000 crore, in the next couple of years, for expansion of its various manufacturing units across the country.
On Friday, the GST Council had revised the rates on transport of natural gas through pipelines and offshore work, partially addressing concerns on cascading of taxes for the sector.
Seven major ports of the country, including Paradip, Chennai, Cochin and New Mangalore, recorded a growth rate of 3.24 per cent during April-September 2017, an official statement said on Wednesday.
India is experiencing some of the greatest structural changes as bold new reforms like note ban and GST have put the country firmly on a sustainable growth path, oil cartel Opec’s Secretary General Mohammed Barkindo said on Tuesday.