US crude oil exports to India hit a record in June and so far this year are almost double last year’s total as the Asian nation’s refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration.
Reliance Industries today reclaimed the $100-billion m-cap mark, as the company shares hit a 52-week high of Rs 1,099 on both the bourses.
The Union Minister for Road Transport and Highways, Shipping and Water Resources, Nitin Gadkari, will inaugurate India’s largest 24 mtpa iron ore handling complex, built by Essar Vizag Terminal Ltd (EVTL) at a cost of Rs 830 crore at the Visakhapatnam port.
Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.
Despite efforts by the government to revive private investments, bank credit growth for infrastructure projects has been in the negative for two consecutive years, according to data compiled by Crisil for BusinessLine.
Domestic thermal coal availability will improve significantly in the second half of the year with the completion of the 45-km Tori-Shivpur rail link, in Jharkhand, helping evacuation of at least 10 rakes (of 3,800 tonne each) daily from the vast Magadh and Amrapali reserves.
Indian Railways has become the first public transporter in the world to install bio-toilets on a massive scale.
Even as the country’s banking system is weighed down by stressed assets, the fear that the next round of non-performing assets (NPAs) could emerge from the ports sector is getting real by the day.
The government’s recent approval to set up two more strategic petroleum reserves in the country deserves a thumbs-up.
Indian passenger electric vehicles will be primarily driven by government and corporate procurements only over the next four years, a study report has said.