With the crude oil showing little hopes of coming out of a bearish market this month despite the producers’ cartel Organisation of the Petroleum Exporting Countries (OPEC) deciding in favour of a supply cut, petrol and diesel prices continue to tumble in India today.
Oil in London extended its gains near $62 a barrel after OPEC and its allies agreed on production cuts and protesters forced the shutdown of Libya’s biggest crude field.
India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) sponsored by Sterlite Power Grid Ventures Ltd, has started roadshows to raise ₹2,500-3,000 crore in fresh capital, said three people aware of the development.
News reports suggest there is ample demand for the renewable energy business of beleaguered Infrastructure Leasing and Financial Services Ltd (IL&FS). Global private equity funds are in the race
Petrol and diesel prices were reduced across states today. In Delhi, Kolkata and Bengaluru, petrol became cheaper by 22 paise and diesel by 25 paise, respectively. In Mumbai, petrol price was reduced by 22 paise, while diesel became a tad more cheaper by 27 paise.
The government will move the National Company Law Tribunal (NCLT) to disgorge the assets of errant managers in the distressed Infrastructure Lease & Financial Services Ltd (IL&FS).
The government will move the National Company Law Tribunal (NCLT) to disgorge the assets of errant managers in the distressed Infrastructure Lease & Financial Services Ltd (IL&FS).
Iran appeared on Friday to be the main obstacle for an OPEC deal to cut oil production as the group’s leader Saudi Arabia had yet to agree exemptions for sanctions-hit Tehran, two OPEC sources said.
With the Organisation of the Petroleum Exporting Countries (OPEC) remaining non-committal on crude oil supply cut at its Vienna meeting, fuel prices now appear to be heading for another slide in India.
Shares of India’s largest coal producer, Coal India Ltd, have been lacklustre on the bourses. So far this fiscal year, the stock has underperformed the BSE 100 index, despite decent results in the first two quarters.
