Private and co-operative sugar factories as well as standalone distillery units in Maharashtra have produced and supplied 65.06 crore litres of ethanol so far this year, as against the target of 59.61 crore litres set till October, the National Federation of Co-operative Sugar Factories (NFCSF) said on Thursday. Talking with PTI, NFCSF President Jayprakash Dandegavkar […]
Category: The Economic Times
Economictimes
ISA General Assembly promises to achieve USD 1 trillion investment in solar energy by 2030
The fourth General Assembly of multilateral body International Solar Alliance (ISA) concluded on Thursday with a promise to achieve USD 1 trillion global investments in solar energy by 2030. The fourth General Assembly of the ISA was held virtually between October 18 and October 21. It was presided over by Union Power and New and […]
Keep existing fuel taxes, increase direct support to needy: IMF India’s ex-chief
Maintain the existing taxes on fuel and at the same time increase direct support to low-income households — that’s the advice to the government from the former chief of IMF in India. Alfred Schipke, director, IMF-STI Regional Training Institute and former IMF India Mission chief, who led the 2021 assessment of India’s macroeconomic situation by […]
Qatar Energy says it is committed to being trusted supplier to India
Top liquefied natural gas exporter Qatar Energy said it remains committed to being a trusted partner for energy supplies in India and does not miss shipments it is contractually obligated to deliver. Reuters had earlier reported, citing two sources, that India, grappling with its worst power crisis in five years, had asked Qatar to expedite […]
India to sell half of Mangaluru strategic oil reserves by December
India has started selling crude oil from its strategic reserves to state refiners with a view to soften the blow from surging global crude prices, while also creating space for leasing out to private and international companies. “We have started selling to oil marketing companies. This will help to create space that we will then […]
India MRPL seeks to replace ADNOC oil with Saudi grade in Mangalore strategic petroleum reserve
India’s MRPL NSE 0.29 % plans to fill a part of the Mangalore strategic petroleum reserve (SPR) with Saudi oil, replacing Abu Dhabi’s Upper Zakum grade, as it prepares to lease some space in the facility, a senior official said on Thursday. H.P.S. Ahuja, chief executive of Indian Strategic Petroleum Reserves Ltd (ISPRL), which manages […]
Petrol and diesel prices up for third straight day. Here’s what it will cost you now
Fuel prices are up for the third straight day. Petrol and diesel in Delhi now cost Rs 106.89 and Rs 95.62 a litre, up by Rs 0.35 respectively. With back-to-back hikes, fuel prices now are at an all-time high. In Mumbai, petrol and diesel prices per litre will cost Rs 112.78 and Rs 103.63 respectively […]
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman sees demand from gas-to-oil switching at up to 600,000 bpd
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman said users switching from gas to oil could account for demand of 500,000-600,000 barrels per day (bpd) depending on winter weather and related energy prices. Prince Abdulaziz said that the rise in energy prices now is the result of limited investment in hydrocarbons, low inventories and […]
Oil extends gains as US crude inventory draw points to strong demand
TOKYO: Oil NSE -5.74 % prices rose on Thursday to extend gains from the previous session as U.S. crude and fuel inventories tightened further, with supplies of gasoline hitting a two-year low, pointing to strong demand. Brent crude futures climbed 17 cents, or 0.2%, to $85.99 a barrel at 0040 GMT, after rising 0.9% the […]
HPCL shares up 1.54% as Nifty drops
Shares of Hindustan Petroleum Corporation Ltd. gained 1.54 per cent to Rs 336.45 in Wednesday’s trade. It hit a high of Rs 339.7 and low of Rs 332.25 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 260.65, while the 50-DMA was at Rs 281.09. If a stock trades […]
Petronet LNG declines 0.55% as Sensex climbs
Shares of Petronet LNG NSE -0.19 % Ltd. traded at Rs 233.0 on BSE at 11:22AM (IST) on Wednesday, down 0.55 per cent from previous close. The scrip quoted a 52-week low price of Rs 211.5 and a high of Rs 275.25. Earlier, the stock saw a gap down opening in the morning.
IGL shares drop 0.38% as Sensex falls
Shares of the Indraprastha Gas Ltd. traded at Rs 504.5 on BSE at 11:58AM (IST) on Wednesday, down 0.38 per cent. The stock quoted a 52-week low price of Rs 374.2 and a high of Rs 604.0. Earlier in the day, the stock saw a gap down opening. At the prevailing price, the stock traded […]