The Union Cabinet on Wednesday approved the sale of the government’s 51.11% stake in Hindustan Petroleum Corporation Ltd in-principle to the Oil and Natural Gas Corporation, PTI reported.
State-owned Hindustan Petroleum Corporation has joined the Indian consortium negotiating buying a 49% stake in Russia’s Vankor Cluster oilfields, PTI reported on Monday.
United States President Donald Trump announced Thursday his country’s intention to withdraw from the Paris Agreement, thus fulfilling one of his key election promises.
Electricity distribution companies owned by state governments in India are paying for surplus power that they do not use. This has a significant impact on their finances, as a previous article explained.
Last year, the Central Electricity Authority reported that India is on the verge of being a power surplus nation. For a country accustomed to power shortages, this may appear to be a major step towards reliable electricity supply.
India’s bureaucracy appears to be in a state of shock following the conviction of former coal secretary HC Gupta in a coal block allocation case.
India on Wednesday embarked on the biggest expansion of its nuclear power footprint yet. The Union Cabinet cleared 10 new nuclear power plants, each with a capacity of 700 MW (mega watts of electricity).
The mammoth coal-fired Cheyyur electrical station was first imagined by bankers at India’s Power Finance Corporation and senior engineers across town at the Central Electric Authority
The National Investigation Agency is taking over the inquiry into the recent train derailments that claimed scores of lives, even as Indian Railways staff managed to circumvent yet another tragedy on the Madgaon-Dadar Janshatabdi’s route on Tuesday
Tourist brochures frequently describe Goa as some kind of utopia and the Economic Survey – expected