The world’s fastest growing crude consumer has a warning for OPEC: Start reducing prices, or waning demand will mean a curb in purchases from the crude cartel.
Iran on Wednesday said it will do its best to ensure security of oil supply to India, asserting that it has been a reliable energy partner for New Delhi.
US Secretary of State Mike Pompeo said on Tuesday that the import of oil from Iran beginning November 4 will be a sanctionable activity but the US would consider the request for relief from a handful of countries, in an apparent reference to India which is the second largest buyer of Iranian crude.
Efforts from state governments such as those of Maharashtra and Uttar Pradesh to develop floating solar plants might hit the financial-viability hurdle. Industry officials said that non-availability of the primary float structure in India make these projects an expensive option.
More than 110 Chinese companies attended a seminar here on business opportunities in the solar sector in India aimed at wooing Chinese manufacturers to invest in India, an embassy statement said today.
Rising prices are starting to threaten oil demand in Asia, especially in a country like India, which is starting to feel the pressure more than others.
Government-owned Steel Authority of India’s (SAIL’s) reluctance to join a non-exit 30-year contract has delayed its joint venture with ArcelorMittal for specialised steel.
India and the US will hold consultations next week in Geneva to deliberate upon the case filed by New Delhi in the WTO’s dispute settlement mechanism over the imposition of high import duties on steel and aluminium by Washington, an official said.
Nepali and Indian officials agreed on Monday to an early finalization of an MoU for Preliminary Engineering cum Traffic Survey of the Raxaul-Kathmandu rail line.
Hinduja Group flagship company Ashok Leyland is gearing up to expand its light commercial vehicle business, international operations and defence mobility segment, according to company Chairman Dheeraj G Hinduja.