Facing “crisis situation” created by rising fuel prices, the government is likely to come out with “some steps” this week to deal with record high petrol and diesel rates, a senior official said today.
Rise in oil prices may lead to inflationary trends in the country, forcing the Reserve Bank of India (RBI) to hike rates by 0.25 per cent in the August policy review, foreign brokerages said today.
In a cost-cutting measure, the Railway Board has decided to stop the supply of Rail Neer bottled water at its Rail Bhavan headquarters and asked officials to either bring water from home or drink the water of the recently-installed RO plants.
State-run power giant NTPC has deferred auction of 2,000 MW solar capacities to the first week of June as developers have sought resolution of inter-state connectivity issue before going ahead with the sale, sources said.
The Inland Waterways Authority of India (IWAI) has found that 20 proposed national waterways are technically not feasible, a report said.
India’s exports rose by 5.17 per cent year-on-year to USD 25.9 billion in April on back of good show by sectors like engineering, pharmaceutical and chemicals, according to the commerce ministry data.
After Saudi Aramco, Abu Dhabi National Oil Company (ADNOC) will pick up stake in the planned USD 44-billion refinery-cum-petrochemical project in Maharashtra.
Billionaire Mukesh Ambani-led East-West Pipeline Ltd has sought nearly tripling of the tariff it charges for transporting KG gas from east coast to Gujarat.
GMR Energy Ltd has signed a definitive agreement with a consortium of international investor group for divesting its entire stake in Himtal Hydropower Company Pvt Ltd and its associated transmission company Marsyandgi Transmission Company Pvt Ltd, in Nepal.
Jaypee group promoter Manoj Gaur today made a Rs 10,000 crore offer to pay off bank loans and complete the stuck housing projects as part of plans to bring Jaypee Infratech out of bankruptcy, sources said.