Bangladesh will likely sign its fifth long-term liquefied natural gas (LNG) contract in “a couple of years” and will increase its spot cargo purchases this year, an adviser to the country’s prime minister said. Weak demand has kept Asian spot LNG prices muted for weeks, encouraging price-sensitive economies including Bangladesh and India to consider ramping […]
Day: February 8, 2024
Inox Wind bags 1,500 MW wind energy order from CESC
Wind energy solution provider Inox Wind has bagged an order for the supply of 1,500 MW wind energy from CESC Ltd. The deal is for Inox Wind’s latest DF/3000/145 Wind Turbine Generators (WTGs), each having a minimum capacity of 3.3 MW, as per a statement on Thursday. “Inox Wind announced today (Thursday) that it has […]
India’s fuel demand rises 8.2% y/y in January
India’s fuel consumption rose 8.2% year-on-year in January, government data showed on Thursday, helped by strong industrial activity in the world’s third top oil consumer. Total consumption, a proxy for oil demand, totalled 20.04 million tonnes in January, up from 18.51 million tonnes last year, data from the Petroleum Planning and Analysis Cell (PPAC) of […]
India wants multi-year oil purchase deal with Guyana: Guyanese minister
India wants to sign a multi-year oil purchase deal with Guyana and acquire stakes in the South American nation’s exploration areas, the Guyanese minister for natural resources said on Thursday. “We will make a decision at some point in time” on crude oil sales to India in a long-term deal, Vickram Bharrat told reporters on […]
Euler Motors to deliver 2,000 HiLoad EVs to Magenta Mobility in 18 months
Euler Motors, an electric vehicle company, and Magenta Mobility, an integrated electric mobility solutions provider, have announced the upscaling of their partnership with a new order of 2,000 HiLoad EVs. Euler Motors has already delivered 500 HiLoad EVs to Magenta. The EVs for the new order will be manufactured at Euler Motors’ manufacturing hub at […]
BPCL launches EPA-grade diesel in strategic move to boost India’s energy sector
In a significant development for India’s energy sector, Bharat Petroleum Corporation Limited (BPCL) unveiled its indigenous EPA-Grade Diesel at India Energy Week in Goa, the company said in a statement. The launch, presided over by Minister of petroleum and natural gas Hardeep Singh Puri, alongside BPCL C&MD G Krishnakumar, marks a strategic shift towards enhancing […]
Oil edges up with slim progress in Gaza peace talks
Oil prices rose on Thursday after Israel rejected a ceasefire offer from Hamas, as talks continued to try to end the Gaza conflict and wider Middle East tensions that have kept the market on edge since October. Signs of solid U.S. fuel demand also bolstered the market’s upward trend this week.
CBI court stays summons against GVK Group officials
A special Central Bureau of Investigation (CBI) court has stayed the summon proceedings against a few accused in the alleged Rs 705 crore cheating case against Mumbai International Airport Ltd (MIAL). Amongst those accused in the case include MIAL and GVK group chairman GVK Reddy and his son Sanjay Reddy.
Indian Oil Corp. share price up 1.42 per cent
Shares of Indian Oil Corporation Ltd. traded 1.42 per cent up at Rs 189.0 at around 10:46AM (IST) on Thursday. The stock had closed at Rs 186.35 in the previous session. Equity benchmark Sensex traded 168.68 points lower at 71983.32 around the same time. The scrip has climbed 138.49 per cent in the last one […]
InterGlobe share price down 0.47 per cent
Shares of InterGlobe Aviation Ltd. traded 0.47 per cent up at Rs 3119.15 at around 12:07PM (IST) on Wednesday. The stock had closed at Rs 3134.0 in the previous session. Equity benchmark Sensex traded 149.77 points lower at 72036.32 around the same time. The scrip has climbed 54.03 per cent in the last one year […]
IRCTC shares down 0.91% as Nifty drops
NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 0.91 per cent down in Wednesday’s trade at 01:29PM (IST). Around 167,295 shares changed hands on the counter. The stock opened at Rs 969.85 and touched an intraday high and low of Rs 972.9 and Rs 948.25, respectively, in the session so far. […]
Share price of InterGlobe jumps as Sensex drops 634.22 points
The share price of InterGlobe Aviation Ltd. gained 0.61 per cent to Rs 3133.25 at 11:06AM (IST) in Thursday’s trade. The scrip has hit a high of Rs 3155.0 and low of Rs 3120.7 so far during the session. The stock had closed at Rs 3113.95 in the previous session. The counter has had a […]