Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Friday said that India’s growing energy sector has become attractive for foreign investors. Speaking at an event here, Pradhan said India received funding from sovereign wealth funds, pension funds
Refining major Hindustan Petroleum Corporation Ltd (HPCL) has come under scrutiny for allegedly evading Central excise duty to the tune of Rs 346.34 crore. The Directorate General of GST Intelligence
Hindustan Petroleum Corporation Limited (HPCL) Chairman Mukesh K. Surana on Tuesday said that they expect the new government to bring petroleum products under the GST regime.
The country’s largest power producer NTPC has signed a term loan agreement for Rs 2,000 crore with Canara Bank. The loan facility is extended at an interest rate linked to three months MCLR of the Bank.
The importance of the flow of capital into the power and housing sectors in India cannot be overemphasised. Recent developments in both sectors once again bring to the fore the critical issues of effective payment mechanisms and price transparency as vital factors to boost the economy.
The reserve will also help the country cope with demand spike and price rise in the event of border skirmishes and war like situation that played out with Pakistan recently.
Nepali and Indian officials agreed on Monday to an early finalization of an MoU for Preliminary Engineering cum Traffic Survey of the Raxaul-Kathmandu rail line. The move came at a time when there is buzz about the Chinese railway crossing the Himalayas to counter the Indian influence in Nepal.
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%.
Terming India “a sweet spot where the rule of law prevails”, Finance Minister Piyush Goyal said here on Monday the country wants investments in nine projects from the China-based Asian Infrastructure Investment Bank (AIIB).
Prime Minister Narendra Modi on Sunday approved the proposal of setting up of a committee to lay down standards for metro rail systems in India. The committee will be headed by retired Indian Engineering Service (IES) officer E Sreedharan, also known as “Metro Man”.