India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. Iran’s Naftiran Intertrade Co Ltd, a trading arm for state-owned National Iranian Oil Co, owns a 15.4 percent stake in…
Taking note of long queues at gas stations leading to traffic woes, the Environment Pollution Control Authority (EPCA) has directed the Indraprastha Gas Limited to increase dispensing capacity of CNG. Sunita Narain, member of EPCA, confirmed that a direction has been given to IGL to increase dispensing capacity. At present, there are 450 CNG-filling stations…
Coal India has decided to supply 16 goods train full of coal to Tamil Nadu Generation and Distribution Corporation every day as demand for power in the state has increased. Sixteen rakes would send around 6.1 lakh tonnes of coal per day, of which 4.95 lakh tonnes would be supplied by Coal India subsidiary Mahanadi…
CHENNAI: IndiGo has launched its fifth service from Trichy to Singapore and a new Kolkata-Singapore direct flight. The services began on September 15.
NEW DELHI: India is considering asking the central bank to offer dollars directly to oil marketing companies or through a state-run bank, a government source said on Thursday, as part of steps to stem a fall in the rupee.
NEW DELHI: The renewable energy ministry on Wednesday stepped in to keep funds flowing for green energy projects by assuring banks and lending institutions the tariffs being discovered through bidding were viable investments to fund.
MUMBAI: As part of its international expansion, low cost carrier IndiGo is set to launch its first daily flight from Amritsar to Dubai.
New Delhi: Vistara is offering flight tickets from Rs 999 in a new sale. Vistara’s ‘Fly With The Best’ sale will end today midnight. Vistara’s 24-hours only ‘Fly With The Best’ sale is offering discounts of up to 75%. It is applicable on travel between 27 September 2018 and 10 April 2019.
Risk-averse bankers are slowing construction of infrastructure projects in India, Nitin Gadkari, the country’s minister for road transport and highways, said.
Singapore: Brent oil held near the highest level in a week as investors weighed a potential gain in U.S. crude stockpiles against Saudi Arabia’s comfort with prices rising above $80 a barrel. Futures in London were 0.1 percent lower near $79 a barrel after Tuesday’s 1.3 percent gain.