India has achieved a milestone 20 GW in cumulative solar installations in eight years. The National Solar Mission had initially set the target of 20 GW installed capacity by 2022.
State-owned Oil and Natural Gas Corp (ONGC) has borrowed Rs 4,000 crore from ICICI Bank on top of over Rs 18,000 crore it has taken from three other banks to part finance its Rs 36,915 crore acquisition of HPCL.
India’s federal investigator will probe top State-run utility NTPC and State-owned company MMTC, over whether they were involved in a scheme to import inferior quality coal from Indonesia and pass it off as superior grade.
CETC Renewable Energy Technology Company, an ancillary of the diversified China Electronics Technology Group has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to set up a solar photovoltaic cell manufacturing plant in Chittoor district of Andhra Pradesh.
A day ahead of a crucial meeting of the GST Council, the Congress asserted its demand to bring petroleum products and real estate under the Goods and Services Tax’s ambit.
A spike in crude oil prices, which could put Finance Minister Arun Jaitley at a disadvantage as he prepares for his Union Budget, but may prove to be an advantage for Dhamendra Pradhan, Minister for Petroleum and Natural Gas.
Commerce and Industries Minister Suresh Prabhu today said India is expected to become a USD 5 trillion economy in the next 8–9 years with the manufacturing sector contributing 20 per cent to that.
The Government will on Thursday put on auction 55 exploration blocks in the first bid round in eight years that will offer a record area for prospecting of oil and gas.
Flights are perceived to be safer than trains. To bring safety to the core in the Railway sector, Ashwani Lohani, Railway Board Chairman, is looking to introduce a safety process, that existed in Air India, an organisation that he earlier headed.
The Adani Group said on Monday it had canceled plans with Downer EDI Ltd to help develop and run its Carmichael coal mine in Australia after failing to secure a cheap government loan for the A$16.5 billion ($13 billion) project.