The Ruias-controlled Essar Group is fighting off a challenge from a US-based hedge fund which is eyeing Essar’s assets in the UK, including the Stanlow oil refinery, to settle unpaid dues.
India’s economy is growing at a rapid pace, among the fastest in the world. The country’s rail transportation network, which extends across 3.3 million square kilometers and is one of the largest in the world, is a key driver.
The Hindusthan Shipyard Limited (HSL) here has taken a commendable initiative in setting up a 2-MW roof-top solar power system and the other public sector units in the city and elsewhere should emulate the company, according to Visakhapatnam district collector Pravin Kumar.
With rapidly increasing global crude oil prices, the prices of natural gas at various international hubs, which form a part of India’s domestic gas price calculation, have seen an uptick in the last few months.
Small lenders will submit their resolution plans on stressed power assets to a group of bankers and assess the situation on October 10, Financial Express reported quoting people aware of the development.
Oil prices dipped on Friday after falling in the previous session as US President Donald Trump urged Opec to lower crude prices ahead of its meeting in Algeria this weekend. International benchmark Brent crude
The Union government on Friday decided to settle payments for Iranian oil in rupee through the Mumbai branch of an Iranian bank. This comes close on the heels of the Kolkata-based UCO Bank expressing reservation in facilitating the payment to Iran
India’s government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on Thursday, anticipating a spike when US sanctions on Iran snap back again in November.
Oil marketing companies (OMCs) are looking to wind down discounts on fuel purchased via electronic means, three people aware of the plans said, more than a month after they trimmed such discounts for fleet customers using loyalty programmes.
Petrol prices continued to rise to new highs across the country on September 21. The price of petrol in Mumbai rose by 9 paise and currently stands at Rs 89.69 per litre in the city. The price of petrol in Delhi rose by 10 paise