Reliance Infrastructure Limited (RInfra) today announced its audited financial results for the quarter and year ended March 31, 2018. Following are the performance highlights: Consolidated results – Quarter ended March 31, 2018 – Q4 FY18 Total Income of Rs. 6,737 crore (US$ 1.0 billion) against Rs. 6,022 crore in Q4 FY17, an increase of 12% […]
HSBC has joined an increasing list of large banks by announcing Friday it would not longer finance coal-fired plants, oil sands and arctic drilling.
Fresh bids have been invited for debt-ridden ABG Shipyard under the insolvency law after lenders rejected an earlier resolution plan, according to a public notice. ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT. Expressions of Interest (EoIs) have been invited from potential bidders for […]
In an exclusive interview to TIMES NOW, Union Oil and Gas Minister Dharmendra Pradhan said the government is trying its best to reduce dependency on oil imports. Saying that everyone wants to join India’s growth story, Pradhan hinted that India is on the verge of striking deal with several oil-rich countries,
The government plans to hit the market with the follow-on offer of Bharat-22 ETF after the blockbuster performance in the first tranche, with ICICI Prudential Mutual Fund filing draft papers for the second round.
The Arbitral Tribunal has ordered India’s Oil and Natural Gas Corporation Ltd (ONGC) to pay US$5.13 million (RM19.8 million) to Sime Darby Bhd’s indirect wholly-owned subsidiary Sime Darby Engineering Sdn Bhd (SDE) and Swiber Offshore Construction Pte Ltd in relation to a dispute over a field development job in India.
Dharmendra Pradhan, India’s petroleum and natural gas minister, told a press conference in New Delhi that the country hopes OPEC will offer a “reasonable and affordable price” on future contracts so that the gains can be passed on to domestic consumers.
India does not feel threatened by China over sourcing oil and gas from around the world and has its own strategy based on the strength of its “huge credibility factor” and the weight of its rapidly expanding energy market, oil minister Dharmendra Pradhan said on Thursday.
Petrol price in India today: The uptrend in Indian petrol prices continued today, as the product rose in the range of 15 paisa to 17 paisa per litre in various state capitals. Petrol prices saw a surge despite global crude oil recording drop in today’s trading session. International prices fell about 1% after data showed […]
At a time when global warming is mounting with each passing day, Gujarat’s Surat district has switched to solar power to combat the issue.