Adani Group has committed initial capital of Rs 500 crore to its lending arm Adani Capital. The Gujarat-based conglomerate is looking to expand financial services business at a time when burgeoning bad loans have made state-run banks picky in bankrolling projects.
Coal imports by power utilities fell by 22.23% to 3.73 million tonnes in April mainly due to decline in shipments by imported coal based power projects in the country.
British power company Drax will start work this month on a pilot bioenergy carbon capture and storage (CCS) project at its plant in Yorkshire, northern England, it said on Monday.
The industrial hub of Indore, popular for its mouth-watering ‘poha’ and other snacks, is in a spic and span form after bagging the cleanest city tag in the ‘Swachh Bharat Abhiyan’ for the second year.
Airlines can annually earn combined input tax credits of Rs 5,220 crore – more than five times of what they are getting now – if jet fuel is bought under the ambit of goods and services tax (GST).
Diesel, the fuel that powers public transport and goods vehicles, has breached the Rs-70 mark for the first time in Kolkata. Petrol, too, has reached an all-time high of Rs 78.91 a litre in Kolkata and is inching towards breaching the Rs-80-a-litre mark, but it is the hike in diesel price that has the transport sector more worried.
Union Petroleum Minister Dharmendra Pradhan said the increase in fuel prices was due to reduced production of oil in Organisation of Petroleum Exporting Countries (OPEC) and hike in crude oil price in the international market.
Top Chinese oil and gas producer PetroChina is stepping up natural gas supplies from both domestic fields and imports to meet customer demand, parent company CNPC said on Monday.
U.S.-based Harbour Energy raised its bid for Australia’s Santos Ltd to $10.8 billion on Monday, hiking its offer for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids.
Indian Oil Corporation (IOC) is teaming up with Chatterjee group arm, MCPI to set up a Rs 1,000 crore polyester staple fibre (PSF) unit in Odisha.