Gujarat Gas Ltd. is expected be the best performer among peers in the next two financial years even as it lagged in the previous quarter. India’s largest city gas distributor is expected to report its highest volume growth during the period
ArcelorMittal is exploring a joint offer with Resurgent Power Ventures Pte to buy an Essar Power generation plant in India, according to people with knowledge of the matter.
Oil held above $58 a barrel as U.S. explorers reduced drilling to the lowest in more than a year at a time of escalating trade tensions with China. Futures in New York were little changed after rising 1.2% on
India aims to redevelop railway stations like airport terminals with private participation. Four years after the scheme was mooted, only two are nearing completion.Poor interest from the private
Oil rose for a second day on signs OPEC and its allies will extend production cuts beyond June, while a steadily deteriorating U.S.-China trade relationship kept prices from pushing higher.
Oil made a strong start to the week after Saudi Arabia and other OPEC producers signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. Brent futures rose as much as 1.3%, following a 2.3% gain last week.
Oil soared to a two-week high as Saudi Arabia accused Iran of ordering this week’s attack on its key oil facilities, fueling tensions between two of the world’s oil-producing superpowers.
When OPEC and its allies gather in the Saudi Arabian city of Jeddah this weekend, their conversation will be dominated by a member of the group that isn’t there: Iran.
Farzaneh Sharafbafi, the first-ever female CEO of Iran Air, has just lost her job, a victim of U.S. sanctions on the Islamic Republic. Appointed in July 2017, Sharafbafi’s tenure was dogged by failures beyond her control.
Shares of Siemens Ltd. fell over 3 percent after its parent Siemens AG approved the spin off of its gas and power business into a separate entity. More than 45 percent of Siemens India revenue will be impacted by this restructuring, Jonas Bhutta, analyst at Philip Capital Industrials, said.