In a boost to firms like Reliance Industries and ONGC, the oil ministry has moved a proposal to the Cabinet for allowing pricing freedom for natural gas produced from coal seams.
The first phase of the underground cabling project in Visakhapatnam city is likely to begin in the second quarter of the next fiscal 2017-18.
India to be a net exporter of steel this year as finished steel production growth reaches an all-time high in February but domestic consumption remains tepid, broker company Emkay Research said in a report today.
Setting the stage for a prolonged legal battle, the Income Tax Appellate Tribunal (ITAT) has ordered UK’s Cairn Energy Plc to pay Rs 10,000 crore capital gains tax on transfer of ownership from Cairn UK Holdings to Cairn India.
The success of India’s proposed public sector oil giant and its credit quality will depend on the combination of the companies involved.
In a major shareholding rejig among Reliance Industries’ promoter entities, four of them transferred over 39.6 crore shares of the company to two others in transactions worth nearly Rs 51,000 crore.
Enthused by India’s electric vehicle (EV) market potential, state-owned energy company NTPC Ltd is exploring a new business around it.
The Public Enterprises Selection has recommended Naveen Bhushan Gupta’s name for the post of director finance at Power Finance Corporation.
Hindustan Zinc has appointed a Chief Operating Officer and a Deputy Chief Finance Officer to support its expanding operations. Pankaj Kumar will be the company’s new Chief Operating Officer (Smelters) subsequent to the movement of Vikas Sharma in an elevated role as CEO of BALCO
The government’s strategic sale plan could face headwinds with some administrative ministries insisting on stringent conditions on foreign investment for the sale of state-run companies under their watch.