Union Minister Dharmendra Pradhan on Thursday assured the automobile industry of a steady supply of Bharat Stage-6(BS-6) emission norms compliant fuel by 2020. According to the Minister for Petroleum & Natural Gas and Skill Development & Entrepreneurship, the fuel will be available across the country from April 1, 2020. Pradhan was speaking at the 58th […]
Day: September 6, 2018
India needs stringent steps to maximise efficiency of coal plants: Report
India requires stringent steps to ensure maximising the efficiency of its existing coal-fired power plants to achieve nationally determined contributions under the landmark 2015 Paris Climate Change Agreement, a report said on Thursday. The report by the Indian Institute of Management-Ahmedabad, favours retiring old coal plants, scaling up new and alternative fuels, reducing end-use energy […]
Oil dips on emerging market turbulence, but looming Iran sanctions support
Oil prices dipped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese goods. U.S. sanctions against Iran, however, prevented prices from falling further as they are expected to tighten the market after being implemented from November, traders […]
No more hot meals for crew of SpiceJet, will get Rs 300 instead
Low cost carrier SpiceJet has on a trial basis stopped taking hot meals for crew on its flights and will instead give cabin crew and pilots operating domestic flights a daily allowance of Rs 300 so that they can have hot meals at airport terminals or buy on board. The crew have been told if […]
ONGC finds oil, gas reserves in Madhya Pradesh, West Bengal to open 2 new basins in India
State-owned Oil and Natural Gas Corp (ONGC) has made oil and gas discoveries in Madhya Pradesh and West Bengal that may potentially open up two new sedimentary basins in the country, the firm’s director for exploration has said. ONGC had previously opened six out of India’s seven producing basins for commercial production. It is in […]
Jet Airways pilots, engineers warn of ‘non-cooperation’ on salary payment
With Jet Airways delaying salaries of its pilots and engineers for the second consecutive month amid a severe financial crunch, its pilots have warned the management of “non-cooperation” over default on payments. The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting […]
ONGC’s $1.6 bn stake sale hits hurdle as govt may reimpose fuel subsidies
India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation. Investors and fund managers that met with Indian government officials during a U.S. roadshow last […]
U.S., India in ‘very detailed’ talks about halting Iran oil imports: U.S. State Department official
The United States and India are engaged in “very detailed conversations” over Washington’s request to completely stop India’s oil imports from Iran, a senior U.S. State Department official said on Thursday. U.S. President Donald Trump this year ordered the reimposition of economic curbs on Iran after withdrawing his country from a 2015 nuclear deal between […]