Sajjan Jindal appears to have an advantage over N Chandrasekaran and Sanjeev Gupta in the race to acquire the bankrupt Bhushan Power & Steel.
A proposal in the national tariff policy on direct benefit transfer for subsidy disbursement could create problems for the Delhi government.
Adani Green Energy Ltd (AGEL) today said that Solar Energy Corporation of India (SECI) has annulled the tender won by its arm Mahoba Solar (UP) Private Ltd.
Iran’s key Indian client Nayara Energy, formerly known as Essar Oil, imported about 135,000 barrels per day (bpd) Iranian oil in July
Industrialist and Congress leader Naveen Jindal along with 14 others was on Tuesday summoned as an accused by a Delhi court for alleged money laundering in a case pertaining to irregularities in allocation of a Jharkhand coal block.
Railways today formalised an agreement with Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) for cooperation in improving railway safety in India, a statement from the ministry said.
India’s Reliance Industries, owner of the world’s biggest refining complex, imported 5.2 percent less oil in July compared to the previous month, according to data from shipping and industry sources.
India’s first Green Bus project launched in the city 20 months ago has come to a halt. Despite request from city MP and union minister Nitin Gadkari, Swedish bus maker Scania stopped operating 25 ethanol-run buses from Monday morning sticking to its termination notice issued to Nagpur Municipal Corporation (NMC).
Indian Oil Corporation Ltd (IOCL) on Monday told the Supreme Court that it was conducting a study on using mixture of CNG and hydrogen fuel for buses and would take around six months to come out with a “workable result” on it.
Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Tuesday. The “informed source” in Iran’s oil ministry did not give details of the discount, but sought to downplay the move as common industry practice.