The ministry of coal would allot 11 coal mines to state-owned Coal India Limited, which will add 225 million tonnes to the annual production capacity of the company by 2022.
The government is considering a plan to hand over control of iron ore and coking coal mining to the steel ministry to boost supplies of the key steelmaking materials, as the country is poised to become the world’s second-biggest producer, according to a person with knowledge of the plan.
The oil industry is doing a better job of hiring women. Keeping them remains the challenge, says ConocoPhillips CEO Ryan Lance.
Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported a 25.1 per cent rise in net profit for the October-December 2017 quarter with higher profitability in petrochemicals and its telecom venture Jio reporting its first profit of Rs 5.04 billion.
Zipping down the swanky six-lane Agra-Lucknow Expressway will come at a price from mid-night on Friday as vehicles using the route will have to pay toll tax.
Taiwan has blocked nearly 200 flights by Chinese airlines over the strait that separates the two rivals due to the carriers’ use of controversial new travel routes introduced by China.
Oil prices fell on Friday on a bounce-back in US production, but ongoing declines in crude inventories curbed losses in the market.
The rise in Indian basket of imported crude oils pushed the petrol price in the national capital to Rs 71.56 a litre on Thursday, its highest level in over three years.
The gamechanger during the current round of open acreage licensing (OAL) hydrocarbon auction will be unified licensing, through which companies can explore shale and coal-bed methane too in the blocks, said Atanu Chakraborty, Director General of Hydrocarbons (DGH), on Thursday.
Cairn India, now Vedanta, on Thursday told the Delhi High Court that proceedings regarding over Rs 200 billion (Rs 20,000 crore) tax demand for non-payment of withholding tax on capital gains in 2006 by its former parent Cairn UK, need not continue as the authorities have taken action against the foreign entity.