The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.
Prime Minster Narendra Modi today called for reasonable and responsible pricing to provide easy access of affordable energy to all.
Coal India (CIL) is likely to hike the salaries of executives in the next two months, a move that will result in an additional annual outgo of Rs 1,000 crore, its chief Gopal Singh said today.
The Indian Railways today apprised the Cabinet of an MoU signed between India and the United Arab Emirates on technical cooperation in rail sector.
State-run GAIL India’s renegotiated LNG import deal with Russian supplier Gazprom will kick-in from May, with volumes gradually ramping up to fully contracted quantity of 2.5 million tonnes (MT) in 5-6 year, Oil Minister Dharmendra Pradhan said today.
A record high diesel price means different things to different people. For the consumer, it’s obviously a reason to worry. For the government, it’s one more problem to add to a growing list, so much so that the superstitious among its supporters may see several signs that its four-year run of luck has ended. And for the opposition, whose voice is growing louder by the day, it’s a godsent opportunity to corner Prime Minister Narendra Modi.
The National Highways Authority of India (NHAI) said it has awarded projects worth Rs 1,22,000 crore for constructing about 7,400 km of highways in FY18.
All eyes are on crude oil again. After pausing inside USD 40-55 a barrel for a quite long time, U.S. WTI light crude prices rallied to USD 66 a barrel in late January.
Jamia Millia Islamia will soon set up a 2.50-MWP capacity solar power plant on its campus for its own consumption, and aims to supply electricity at a rate less than Rs 4 per unit.
The Board of Directors of ICICI Bank gave a clean chit to its Chief Executive Officer (CEO) and Managing Director (MD) Chanda Kochhar on Wednesday, stating that there was no favouritism or conflict of interest in granting loans to Videocon Industries or any other company.