Daily Archives: March 5, 2018

Oil prices climb ahead of OPEC meeting with U.S. shale firms

Oil prices rose on Monday ahead of a meeting between OPEC and U. S. shale firms in Houston, raising expectations that oil producers would discuss further how to clear a global oil glut. International benchmark Brent crude was up 19 cents, or 0.3 percent, at $64.56 a barrel by 0752 GMT. U. S. West Texas

Iraq pips Saudi to become India’s top oil supplier

Iraq has overtaken Saudi Arabia by a wide margin to become India’s top crude oil supplier, meeting more than a fifth of the country’s oil needs in the current financial year. Saudi Arabia traditionally has been India’s top oil source but in the April-January period of 2017-18, Iraq dethroned it, supplying 38.9 million tonnes (MT)

NBCC bags Rs 192-crore order from REC

State-owned construction firm NBCC today said it has received an order worth Rs 192 crore from Rural Electrification Corporation (REC) for construction and development of a township in Gurugram. “NBCC has received letter of award of work from Rural Electrification Corporation Ltd for the construction and development of REC Township at Sector -57, Gurugram amounting

Sembcorp Energy arm wins 300 MW wind project

Sembcorp Energy India Ltd (SEIL) today said it has been awarded a 300-megawatt project in the country’s third wind power auction conducted recently. This is the third consecutive win for the subsidiaries of Sembcorp Green Infra, a wholly-owned arm of SEIL, a company statement said. The nationwide wind power auction was conducted by Solar Energy

No alignment yet, but land prices spurt 40% on Delhi-Jaipur expressway

The long-held theory that infrastructure creation leads to spike in realty rates can find no better demonstration than just outside Delhi. Manesar and Rewari in Haryana, and Neemrana and Ajeetgarh in Rajasthan, are not just the names of semi-urbanised industrial belts en route the proposed Delhi-Jaipur expressway but are the latest hotspots for realtors that

Congress protests against rise in LPG, petrol prices

New Delhi: The Delhi Congress workers held demonstrations in 280 blocks across the national capital, on Sund-ay, to lodge their protest against the rising prices of petrol, diesel, kerosene, LPG, and other essential commodities. The protestors squarely blamed the BJP-run government at the Centre and AAP administration in Delhi for the steep price hike.