Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, Russia’s deputy prime minister said Tuesday. Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on Russian energy supplies after Moscow […]
Category: Deccan Herald
Deccan Herald
BP, ADNOC offer to buy 50% of Israel’s NewMed Energy
BP and Abu Dhabi’s state oil giant on Tuesday made an offer to acquire 50 per cent of Israeli offshore natural gas producer NewMed Energy for around $4 billion. The offer would involve acquiring NewMed’s free floating shares and taking the company private and would mark Abu Dhabi National Oil Co (ADNOC) and BP’s entry […]
Gogoro, Zomato, Kotak Mahindra Prime join hands to accelerate adoption of EVs by delivery partners
Taiwan-based battery swapping firm Gogoro Inc on Tuesday said it has joined hands with Zomato and Kotak Mahindra Prime to promote fast adoption of electric mobility in the last-mile transportation segment. As per the partnership, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services. “The urban transformation […]
Govt sanctions Rs 800 cr for installing 7,432 EV fast charging stations
The Ministry of Heavy Industries on Tuesday said Rs 800 crore under FAME India Scheme Phase II has been sanctioned to three PSU oil marketing companies (OMC) for setting up 7,432 public fast charging EV stations across the country. The amount has been sanctioned under FAME Scheme Phase II. The ministry has released Rs 560 […]
Adani refutes reports on debt repayment concerns as shares slide
The Adani Group is back in fire-fighting mode after media reports called into question the Indian conglomerate’s ability to repay debt, reviving a selloff in its stock. Adani units slumped Tuesday after The Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify. […]
11 firms bag 39,600 MW solar manufacturing capacity under PLI scheme
The Government on Tuesday said it has allocated 39,600 MW of domestic solar PV module manufacturing capacity to 11 companies with an outlay of Rs 14,007 crore under Production Linked Incentive (PLI) scheme. Reliance has been awarded capacity worth 6,000 MW, Waaree 6000 MW, ReNew 4,800 MW, JSW 1,000 MW while Tata Power Solar got […]
Take-off of electric aerial vehicles fraught with challenges: Scindia
India may be betting big on electric short-haul aerial vehicles, but their take-off faces a bumpy road ahead. Admitting to this, Union Civil Aviation minister Jyotiraditya Scindia pointed to three primary roadblocks on this path – regulation, manufacturing capability and infrastructure. Speaking to DH on these challenges, he noted, “Today regulation has not been harmonised […]
India unveils ambitious advanced air mobility plan
Poised on the cusp of aviation explosion, India is now looking at transitioning into electric vertical take-off and landing (eVTOL) advanced air mobility (AAM) operations to address its regional and urban mobility issues. “The eVTOL future is not as far as it seems – by 2025, this global dream will come true and India will […]
Bengaluru’s KR Puram junction to breathe easy with wider road, FOB
Passengers will soon find it easier to switch between railway and metro stations at the chaotic KR Puram intersection in eastern Bengaluru. By April-end, Namma Metro hopes to get 3,600 square metres of land from the railways to widen the road and build a foot overbridge linking the metro and railway stations, officials said. The […]
Bangalore Development Authority’s public auctions garner Rs 3,553 crore
The BDA has raked in Rs 3,553 crore in revenue by selling 3,735 sites in various layouts via public auction, in compliance with a recent Supreme Court order. The public auction method is also expected to bring in significant revenue to the Bangalore Development Authority (BDA), which is undertaking a slew of projects, including developing […]
Oil markets steady as investors weigh banking crisis, Russia
Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures held unchanged at $74.99 a barrel at 0357 GMT after hitting a session high of $75.64. US West Texas Intermediate […]
Iraq’s ambition to match Saudi oil output is out of reach
Iraq’s oil output and capacity may peak following growth of around 25% over the next five years, analysts said, falling short of 2027 targets and ending a long-standing ambition to rival the output of top OPEC producer Saudi Arabia. Political infighting has cost Iraq the opportunity to invest in growing output more quickly. As the […]