As part of their effort to challenge the “predatory” economic development model of China, the US and Japan today agreed on a slew of commercial infrastructure projects in countries of the Indo-Pacific region.
Krishnapatnam Port Company Limited (KPCL) aims to handle 55 million tonnes of cargo during the current fiscal as against 45 million tonnes last year, a top executive of the port said here today.
The city of Yanan, a major wind power base in northwest China’s Shaanxi province, has introduced a lottery system to decide which wind projects will go ahead this year, a sign that grid constraints are forcing local governments to restrict capacity.
India is expected to grow at 7.4 per cent in 2018 and 7.8 per cent in 2019, leaving its nearest rival China behind respectively at 6.6 and 6.4 per cent in the two years, the IMF said today.
The government plans to launch a natural gas trading hub by October, creating an Indian gas benchmark which will spark a surge in consumption of the cleaner-burning fuel.
Union Petroleum Minister Dharmendra Pradhan has said India will coordinate with China and other Asian countries to voice against the “Asian Premium” being charged by the Organisation of the Petroleum Exporting Countries (OPEC).
Iran has agreed to take the gas produced from the ONGC Videsh Ltd-discovered Farzad-B field in the Persian Gulf, but differences remain over returns on investments made by the Indian firm.
The Punjab State Council of Science and Technology (PSCST) was today asked to undertake an energy audit of all government buildings and educational institutions in the state to cut down on “reckless” energy consumption and “hefty” expenditure.
The banking sector, which is already reeling under a mammoth pile of bad loans, is looking at potential dud assets of USD 38 billion from the power sector, as USD 53 billion of the USD 178 billion bank loans to the sector are already stressed, said a report.
Anil Ambani-led Reliance Group today said it has sent a Rs 1,000 crore defamation notice to Mumbai Congress president Sanjay Nirupam for making “false and baseless” allegations against the company.