Power and automation technology firm ABB India is looking to expand its facilities to cater to growing demands from railways and also increasing focus on renewable energy space, a top company official said today. The company said it spends about USD 100 million on its business in the country every year, ABB India Managing Director […]
Day: July 5, 2018
China’s ethanol push in doubt as U.S. trade dispute widens
China’s ambitious push to use biofuel in cars nationwide by 2020 is in doubt amid concerns about supplies of raw material such as corn, complicated by an escalating trade dispute with Washington, producers and analysts say. In September last year, the government outlined radical plans to roll out the use of ethanol in gasoline nationally […]
First gas from RIL’s KG-D6 project in 2020: Mukesh Ambani
Noting that Reliance Industries (RIL) has successfully commissioned both the world’s largest paraxylene and off-gas cracker facilities at its refinery in Jamnagar in Gujarat, Chairman Mukesh Ambani said on Thursday that the company is looking at delivering natural gas from its KG Basin offshore project by 2020. Addressing RIL’s 41st Annual General Meeting here, Ambani […]
Oil falls as Trump urges OPEC to cut prices, market anticipates China/US trade tariffs
Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and Beijing, which triggered another sell-off in Asian stocks on Thursday, was also felt in oil markets, with China warning it could introduce duties on U.S. crude imports […]
Power tariff remains unchanged in West Bengal
The power tariff in West Bengal remained unchanged for 2017-18 despite rise in fuel costs, the state’s Electricity Regulatory Commission (WBERC) said today. “After review, we have not increased the tariff for 2017-18 keeping the interest of consumers in mind, in spite of huge pressure from the major utilities to increase the tariff,” WBERC chairman […]