Finance ministry officials and top executives of Oil and Natural Gas Corporation (ONGC) and Coal India (CIL) will hold an investor roadshow in the United States next week to prepare the ground for probable sale of minor stakes in the two firms by the government, people aware of the matter said.
As part of its effort to contain rising non-performing assets (NPAs), the RBI has started scrutiny of 200 large accounts to assess level of stress and provisioning done against them by respective banks.
Oil demand from Asia’s biggest importers, China and India, is growing more slowly than expected, exposing weakness in two of the world’s largest economies and eroding a key pillar of global petroleum prices amid trade tension
India’s fuel demand grew 7.36 per cent to 17,057 tonne in July as compared to the corresponding month a year ago, driven by an increase in sales of naphtha, diesel, petrol, aviation turbine fuel (ATF) and pet coke during the month, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.
The first U.S. sanctions have been reimposed on Iran with little sign of either side softening its position.
Indian Oil Corporation (IOC), the country’s largest fuel retailer will inaugurate India’s first pilot plant to convert carbon dioxide to High Value Lipids today at the firm’s Research and Development (R&D) facility in Faridabad.
India will triple production of ethanol to 450 crore litres under its ethanol lending programme over the next four years leading to savings of Rs 12,000 crore worth of costly crude oil imports, Prime Minister Narendra Modi said today.
India is likely to invest Rs 385,000 crore for setting up 77,000 Megawatt of solar power generation capacity by 2022, Power and New and Renewable Energy Minister R K Singh said today.
State-owned power generation utility Maharashtra State Power Generation Company Ltd. (Mahagenco) has missed its power generation target by at least 30 per cent, and consumers are bearing the brunt by having to pay 30 paise more per unit.
Will environmental issues finally bask in the electoral limelight? If events across some of the major Indian cities in the past few years are to go by, it is definitely the time for green issues to shine.