The government has decided against formulating an electric vehicle (EV) policy in an apparent U-turn from its position so far, providing a breather to many carmakers that are unprepared for an abrupt shift to the clean-fuel technology.
India imported a record 4.93 million barrels of oil per day (bpd) in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed.
Days after Prime Minister Narendra Modi completed a four-nation tour of West Asia and the Gulf region, India will play host to Iranian President Hassan Rouhani from Thursday.
India’s wind power tariff firmed up to Rs2.44 per unit in an auction conducted by state-run Solar Energy Corp. of India (SECI) for 2 gigawatt (GW) of wind power contracts that ended on late Tuesday evening, said a person aware of the development.
India is often berated for being late in planning and solving our social, economic and infrastructure issues. This results in the country moving from one crisis to another.
Oil demand in India rose 10.3% in January 2018, the fourth straight monthly gain.
The US on Friday ratcheted up pressure on India, blocking a request from New Delhi that calls for allowing a World Trade Organization (WTO) compliance panel to determine whether India has removed the mandatory domestic content requirements.
The Indian Railways has identified more than 13,000 employees in its ranks who are on “unauthorised” leave for a long time and initiated disciplinary action to terminate their services, it said on Friday.
Tata Steel Ltd said third-quarter earnings jumped more than fivefold, replenishing the company’s coffers as it plans to double production capacity in India and bid for ailing mills under a government-ordered programme.
The Indian conglomerate trying to build one of the world’s largest coal mines has already had its own funding bid for a rail line stymied by the Queensland state government.