Mumbaikars will soon have to buy only one ticket for travelling via bus, train, auto or taxi, thanks to railway ministry.
In a first, the Income Tax Department is considering to sell off 22 crore shares of Cairn Energy to recover its dues after a long litigation process between the UK company and the Indian government, sources told CNBC-TV18.
Set with a steep target to cut India’s oil imports by 10 per cent by 2022, the Oil Ministry has formed an inter-ministry monitoring and advisory body to achieve the mark through a combination of raising domestic output and relying on alternate fuel sources.
A landmark civil nuclear cooperation deal between India and Japan that provides for collaboration between their industries in the field came into force on Thursday, eight months after it was sealed.
Oil-to-telecom major Reliance Industries’ earnings surpassed analysts’ expectations on Thursday as consolidated profit grew by 12.7 percent sequentially (up 28.3 percent YoY) to Rs 9,079 crore in Q1 FY18, driven by one-time gain and robust growth in petchem & refining businesses.
In line with government’s intention to create an integrated energy company with interests in exploration, production, refining and marketing of the fuel in both India and abroad, the he Union Cabinet on Wednesday gave an in-principle approval to the proposed acquisition of government’s 51.1% stake in Hindustan Petroleum Corporation (HPCL) by Oil and Natural Gas Corporation (ONGC), paving the way for an Indian oil and gas giant.
Logistics solutions provider Global Ocean Group on Wednesday said the government’s ambitious Sagarmala project will add 2 percent to the country’s GDP.
The world’s biggest oil refinery -cum-petrochemical complex planned in Ratnagiri district of Maharashtra will cost Rs 2.7 lakh crore and take 60 months to build, Oil Minister Dharmendra Pradhan said today.
The Gujarat High Court on Monday dismissed Essar Steel’s petition against the Reserve Bank of India (RBI).
The Oil Ministry has intensified monitoring of oil and gas fields of state-owned firms like ONGC to avoid slippages in domestic output derailing the target of cutting import reliance by 10 per cent by 2022.