Infrastructure major Larsen and Toubro (L&T) Monday said that its heavy engineering arm has bagged additional orders worth over Rs 1,000 crore during the September quarter.
Crude oil rose 1.62 per cent to Rs 5,333 per barrel in futures market today as speculators created fresh bets, taking positive cues from Asian markets.
Environment Minister Harsh Vardhan said Saturday a plant to covert plastic waste into bio-diesel will soon be made operational at the Indian Institute of Petroleum (IIP) in Dehradun.
Amidst rising fuel prices despite an excise cut on petrol and diesel last week, Prime Minister Narendra Modi held a review meeting with Finance Minister Arun Jailtey and Petroleum Minister Dharmendra Pradhan here on Friday.
The government’s oil subsidy burden has already exceeded Rs 460 billion — almost 84 per cent higher than the budgeted estimate of Rs 250 billion for the whole financial year, Business Standard has learnt.
India’s headline inflation data may be subdued for now, but there are mounting risks that are difficult to ignore: a record-low currency, high oil prices, and a looming election that’s prompting the government to raise food prices to placate farmers.
Commodity outlook and trading ideas by Bhavik Patel – Sr. Technical Analyst (Commodities), Tradebulls:
Fuel prices continued to soar on Friday, with petrol and diesel rates being hiked by 12 paise and 29 paise across metro cities, respectively.
OPEC sees the oil market as well supplied and is wary of revisiting a glut next year, the group’s secretary-general said on Thursday, suggesting producers are in no rush to expand a June agreement that raises output.
Allaying concerns about the return of fuel subsidy regime, a top Finance Ministry official Thursday said the government asking oil PSUs to subsidise petrol and diesel prices by Re 1 per litre was a “one-time thing” and it does not intend to ask them to do it again.