Germany’s Daimler AG plans to invest 5 billion yuan ($755 million) in China for factory capacity to manufacture electric cars and the batteries that power them, part of an effort to help its Mercedes-Benz and Smart brands comply with the country’s green car production and sales quotas.
Finance Minister Arun Jaitley today said state-owned companies in the power and oil sectors will remain publicly-owned.
When burning more coalbecomes your solution to pollution choking your capital city, it really is time to reassess your policy positions.
India’s crude oil import bill jumped over 20 per cent to $56.25 billion in the first seven months (April-October 2017) of the current financial year and is likely to rise up to $90 billion by March 2018 – a 29 per cent increase over last fiscal. The swelling oil bill could further impact the already widening trade deficit and push up inflation.
Solar energy is to lead the race to new power generation over the coming decades, thanks in large part to China and India, the International Energy Agency said Tuesday.
Coal India is talking to the railways to increase rake loading from an average of 216 so far since April to 250 by the end of the fiscal year, as it seeks to meet increased demand with both power and non-power sectors facing a short-supply of the dry fuel.
State-owned ONGC and Vedanta Ltd today emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India’s maiden auction under open acreage licensing regime.
Reliance Industries (RIL) has prima-facie not complied with one clause of the government’s coal bed methane (CBM) marketing policy because it sold the gas it produced to its own unit after participating in auctions, the oil ministry has found in its preliminary assessment.
The shortage of coal supply witnessed by thermal power plants last month has turned out to be a blessing in disguise for Indian Railways that alone hauls a bulk of India’s coal.
United Arab Emirates: The state-run Abu Dhabi National Oil Co. will put a minority stake in its gas station subsidiary up on the local stock market.