The oil marketing companies (OMCs) and the Airports Authority of India (AAI) are unable to decide whether to bring in Reliance Industries (RIL) in the joint venture to sell aviation turbine fuel (ATF), Business Standard reported.
Banks are set to refer four stressed power projects to the National Company Law Tribunal (NCLT) and several others will be put for sale to prospective suitors by August 27 deadline, a top executive at Union Bank of India told CNBC-TV18.
Since President Donald Trump withdrew the United States from the Iran nuclear deal in May, Iran has been pleading with other nations to keep its oil-dependent economy alive.
The National Highways Authority of India (NHAI) is gearing up to execute highway projects worth Rs 2.25 lakh crore and of 15,000 km in length, reported Business Standard.
India’s demand for oil is strong and the country is trying to figure out how to deal with Iran sanctions, said Philip Verleger, president at PKVerliger.
Crude oil prices have started on a weak note. The supply concerns are eased and there are potential supply increase that the markets are readying themselves with, especially from Russia and Saudi Arabia, and that is pulling the prices lower
India’s oil imports from Iran declined by 15.9 percent in June, the first month after the United States said it would reimpose sanctions on the country, according to data from shipping and industry sources.
Presenting the union budget 2018-19 in Parliament, union finance minister Arun Jaitley announced an allocation of Rs 5.97 lakh crore for 2018-19 for infrastructure spending, up by over Rs 1 lakh crore from the ongoing fiscal.
June has been a good month for Coal India. The state-owned firm posted a near 9 percent rise in its coal offtake while production rose a little over 13 percent to 44.88 million tonne (mt).
Oil prices rose to their highest level since November 2014 on Wednesday after a bigger-than-expected drop in U.S. crude stockpiles added to a rally fueled by a major Canadian supply outage