As a part of the initiative to make households smokeless, the government has set an ambitious target of providing free LPG connections to five lakh families in the selected villages of West Bengal. Under Gram Swaraj Abhiyan, the public sector company IOCL will handover deposit free LPG connections to 5 lakh families across 7,364 villages […]
Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China, and as Washington plans tough sanctions against Iran aimed at shutting the country out of oil markets. As part of a wave of retaliation for Friday’s US tariffs, China has threatened a 25 […]
Oil slipped towards $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, although oil supply disruptions lent support. Top exporter Saudi Arabia told OPEC it raised oil output by almost 500,000 barrels per day last month, OPEC sources said, a sign Riyadh wants to […]
Fitch Ratings on Friday affirmed HPCL-Mittal Energy’s (HMEL)’s long-term Issuer Default Rating (IDR) at ‘BB’, stating it expects neither HMEL’s parent, Oil and Natural Gas Corporation (ONGC) nor the Indian government to ultimately support HMEL. “HMEL’s IDR is capped at HPCL’s standalone credit profile of ‘BB’ as we do not believe that HMEL’s parent, Oil […]
Finance Secretary Hasmukh Adhia on Friday said the all-powerful GST Council will consider bringing petroleum products under Goods and Services Tax (GST) and it could happen in phases. Speaking on the issue, Central Board of Indirect Taxes and Customs Chairman S Ramesh said although there is demand for bringing petroleum products under GST, the GST […]
Boeing Co. is forming a $4.75 billion venture with long-time industrial partner Embraer SA, a move that will bolster its arsenal in the newest battlefront with Airbus SE: the market for smaller jetliners. Under a preliminary deal, Boeing will own 80 percent of a partnership controlling Embraer’s commercial airplane and services businesses while the Brazilian […]
India is preparing to bring back the two helicopters it had gifted to the Maldives, in a sign that it is hoping to use dialogue as the way forward in resolving issues with Male after months of strain in ties, caused by a squeeze on work permits to Indians and unhappiness over the Maldivian election […]
New Delhi: Most thermal power plants within 300 km of Delhi-NCR will not meet the deadline for new emission norms as announced in 2015 and will continue to contribute to toxic pollution in Delhi’s air, a new survey by Centre for Science and Environment (CSE) has found.
New Delhi: With international crude oil prices rising and Rupee weakening, state-owned oil marketing companies (OMCs) on Thursday hiked petrol and diesel prices for the first time in more than a month.
Calcutta: The Bengal power regulator has belatedly turned down requests from the state-run distributor and CESC to raise the tariff for the last financial year.
Patna: The South Bihar Power Distribution Company Limited on Thursday took over the power distribution work in Gaya from India Power Corporation Limited, saying the private firm had failed to honour the terms of distribution franchise agreement.
Patna: The road construction department, in view of the flood threat in the state, has issued orders to engineers to be on alert in case roads and bridges get damaged.