Oil prices dropped by more than 1% on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intraday fall ever registered on Wall Street.
Oil and Natural Gas Corp. (ONGC) is facing a delay of at least a year in starting production from its biggest project, according to people with knowledge of the matter.
India will invest as much as Rs5.97 trillion in creating and upgrading infrastructure in the next financial year, finance minister Arun Jaitley said in his budget speech on Thursday.
The Union budget has allocated a record Rs1.48 trillion for Indian Railways to raise its carrying capacity and improve the train travel experience.
This year’s Economic Survey published by the finance ministry has a stark message: climate change can dent farm incomes by as much as 25% in rain-fed areas over the medium term.
India’s economy would grow at 8.5% next fiscal and the 7.5% growth projection by economists is on the “conservative side”, power minister R. K. Singh said on Thursday.
The villains in the power sector’s tale of woes haven’t changed in a while: worsening asset quality and rising non-performing assets (NPAs).
Reliance Infrastructure on Wednesday reported 19.6% fall in consolidated net profit at Rs301.38 crore for the quarter ended 31 December 2017.
It shows the increase in government revenues and government expenditure (or oil subsidy) for every $10 a barrel rise in oil prices.
Hardarpur, a sleepy village in the Diara or riverine belt of Bihar, was in news last December when it became the last of the 39,073 revenue villages in the state to get electricity access.