Daily Archives: April 6, 2018

ICICI-Videocon loan case: CBI questions Rajiv Kochhar for the second day

The Central Bureau of Investigation (CBI) on Friday continued quizzing Rajiv Kochhar, founder of Avista Advisory and brother-in-law of ICICI Bank Managing Director Chanda Kochhar in the Rs 32.50-billion Videocon loan controversy. On Thursday, Rajiv Kochhar was detained at Mumbai airport before he could board a flight for Singapore. He was interrogated for about seven

Oil drops after U.S. President Trump threatens new China trade tariffs

Oil prices fell on Friday after U.S. President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies. President Trump said on Thursday he had ordered U.S. trade officials to consider tariffs on $100 billion more of imports from China, escalating tensions with Beijing. Brent

HPCL gets green nod to set up Rs 136-cr LPG plant in Bihar

State-run HPCL today received the environment clearance for setting up of a new LPG plant with bottling and storage facilities in East Champaran, Bihar that will entail an investment of Rs 136.4 crore. This will be the third LPG plant in the state. Currently, Hindustan Petroleum Corporation Ltd (HPCL) has only two LPG plants in

Indian state firms plan to nearly double Iranian oil imports -sources

Indian state refiners plan to almost double oil imports from Iran in 2018/19, drawn by incentives offered by Tehran, sources with knowledge of the matter said, potentially helping Iran increase its share in the world’s third-biggest oil importer. Iran is pushing to retain its oil customers in Asia, offering better terms than other Middle Eastern

Wind power tariff firms at Rs 2.5/unit in SECI auction

Wind power tariff firmed up further to Rs 2.51 per unit in the auction of around 2,000 MW capacities conducted by state-run Solar Energy Corporation of India(SECI), a source said. Wind energy tariffs had reversed their downtrend in February auction to quote at Rs 2.44/unit against all-time low of Rs 2.43/unit in an auction conducted