Why India is hiding oil in caves

Why India is hiding oil in caves

During the Gulf War in 1990, India was hit with a crisis so severe that the country was left with oil reserves adequate for just 3 days. Oil prices shot up alarmingly as a fall out of the war and triggered an inflationary spiral across the world and India could not escape the heat.

US curbs on oil imports from Iran is a new worry for India

US curbs on oil imports from Iran is a new worry for India

The outlook on crude oil is getting murkier. The US wants India and other countries to stop importing oil from Iran by 4 November, as sanctions loom. India imports almost 80% of its oil requirements and Iran is its third-largest supplier. The country’s share in India’s import volumes was 10.4% in FY18.

Top 10 reasons to buy an electric car right now

Top 10 reasons to buy an electric car right now

With ever increasing pollution levels across the major cities in India, it is high time that we, as individuals, take steps to protect ourselves and our future generations from environmental degradation. And the time to do it is – NOW.

Acme Solar cuts IPO size to Rs 10 bn-Rs15 bn

Acme Solar cuts IPO size to Rs 10 bn-Rs15 bn

Indian renewable energy company Acme Solar Holdings has downsized its proposed IPOto Rs10bn-Rs15bn (US$147m-$219m) from Rs22bn as it plans to sell some of its assets, people with knowledge of the transaction have said.

Oil, aviation stocks tumble as crude oil prices rise

Oil, aviation stocks tumble as crude oil prices rise

Prices of oil refinery and marketing companies’ shares tumbled in the market today, with the sharp jump in global crude oil prices triggering heavy selling at these counters. BPCL tumbled by about 8% and Hindustan Petroleum Corporation shed 7.4%, while Indian Oil Corporation declined 6.1%.