The Enforcement Directorate (ED) has filed in a Delhi court charge sheets in seven coal scam cases, accusing multiple firms and individuals of money laundering.
Reliance Industries, India’s second-largest company by market value, plans to raise about 400 billion rupees ($5.8 billion) in fresh debt this financial year as it expands its consumer businesses, according to people familiar with the matter.
The government is looking to sell successfully running public sector infrastructure projects such as power and steel plants to private companies in a bid to boost green-field investment and create fresh capacity.
As many as 245 projects have shown time overrun, while cost escalation has been found in 345 cases — out of 1,315 infrastructure projects monitored by the government, Parliament was informed.
Imposition of tariff barriers on the imports of solar modules and cells have been a topic of discussion for several months now.
The US embargo on Iran oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of President Donald Trump on trade but lose cheap supplies and precious foreign exchange.
Lending a push to power sector reforms ahead of the 2019 Lok Sabha elections due next year, UP government on Monday announced Rs 10,000-crore UP Power Sector Improvement Project,
Global miner BHP Billiton Ltd posted record iron ore output for fiscal 2018 on Wednesday as fourth-quarter production topped expectations and set a slightly higher target for the current year.
Ukraine and Russia said they will hold further European Union-mediated talks on supplying Europe with Russian gas, in a key first step towards renewing Ukraine’s gas transit contract that expires at the end of next year.
Investment in India’s renewable energy sector overtook those made in the country’s fossil-fuel based power generation projects for the first time in 2017, Paris-based International Energy Agency (IEA) has said in its World Energy Investment 2018 report.