Bubbling crude prices spell triple-whammy setback for India

Bubbling crude prices spell triple-whammy setback for India

The surge in oil prices couldn’t have come at a worse time for India. Asia’s No. 3 economy faces a wider trade deficit, a worsening of stretched government finances, and slower economic growth if oil prices remain stubborn at the current level. That would challenge policy makers trying to strengthen the economy in time for elections next year.

How rising crude prices will impact oil industry

How rising crude prices will impact oil industry

India has been a major beneficiary of the fall in international crude oil prices over the past few years. But crude prices have been rising for some time and Brent crude has already touched a 41-month high of $75 dollar (Rs 5,000) per barrel.

30 electric buses to hit Patna roads soon

30 electric buses to hit Patna roads soon

If everything goes according to plan, 30 electric buses will be operated in the state capital soon under the Smart City Plan. The move is also aimed at easing traffic congestion and curbing air pollution in the city.

India’s GDP may grow 7.3% in FY19: Fitch

India’s GDP may grow 7.3% in FY19: Fitch

India’s economy will grow 7.3% in the current financial year and gain pace to 7.5% next year as the “temporary drag” from demonetisation and the goods and services tax fades away, Fitch Ratings forecast.

Sanjay Banga Is New CEO Of Tata Power-DDL

Sanjay Banga Is New CEO Of Tata Power-DDL

Tata Power Delhi Distribution Ltd (TPDDL), the Tata-owned private power distributor in the national capital, today announced the appointment of Sanjay Banga as the new Chief Executive Officer (CEO) of the company.