Beijing on Monday taunted New Delhi for turning down its One Belt and Road (OBOR) invite by saying that India will have a very “small role” to play if it decides to join the initiative in the future. “It is strange that the onlooker is more anxious than the players. While India cares about its […]
Day: May 15, 2017
Iran wants India to pay more than triple the price of gas for awarding block to ONGC Videsh
In fresh conditions, Iran wants India to pay more than triple the gas price for award of the coveted Farzad-B natural gas block to ONGC Videsh (OVL). Iran wants India to buy all of the natural gas to be produced from the Persian Gulf block at a price equivalent to the rate Qatar charges for […]
An India-Russia corridor could be New Delhi’s answer to China’s OBOR
Does India have an answer to China’s ‘One Belt, One Road’ (OBOR) project and its contentious component, the China-Pakistan Economic Corridor (CPEC)? Only time will tell. However, India is a founding member of the International North-South Transport Corridor (INSTC), a multi-nation project to create transport and logistics infrastructure akin to OBOR. INSTC’s significance might have […]
Oil rises above $52 as Saudis, Russia back longer supply cut
Oil hit a three-week high on Monday above $52 a barrel after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than originally agreed. Energy ministers from the two countries said on Monday that supply cuts should be […]
Saudi Arabia, Russia push to extend oil output cuts until March 2018
Saudi Arabia and Russia, the world’s two top oil producers, agreed on Monday on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. The timing of the announcement ahead of OPEC’s next official meeting on May 25 and the […]
Tata Power Solar, Dell build 45-meter long verticle solar farm in Bengaluru
Tata Power Solar and Dell International Services India have jointly put up India’s largest vertical solar farm of 120 kw. “The first-of-its-kind, 45-metre structure built on Dell’s Bengaluru campus provides the dual benefit of producing sustainable green energy and insulation of the building, thus helping reduce power consumption,” Tata Power Solar statement said. According to […]