In the largest ever coal mine auction, India is bidding out 67 mines with a total resource base of 36 billion tonnes of fossil fuel in the second tranche of commercial coal mine auctions. Also, starting form this tranche, the government is introducing a rolling auction mechanism “wherein any un-auctioned mine shall remain available for […]
Category: Live Mint
Live Mint
Petrol goes past ₹102 in Mumbai as fuel prices hiked again. Check latest rates in your city
Fuel rates are continuing to soar at a record high across the country after another rate revision on Friday. While petrol got costlier by 31 paise per litre in the national capital, diesel rates went up by 28 paise per litre, according to price notification by the oil retailers. After the increase, a litre of […]
Top stock picks: Brokerages recommend buy on GAIL, Petronet LNG
Benchmark Indian equity indices were up 0.65% at close on Thursday. The Sensex closed at 52,300.47, up 358.83 points, or 0.69% while the Nifty was at 15,737.75, up 102.40 points, or 0.65%. All sectors except auto closed in red. Among broader indices, BSE midcap and smallcap indices closed 1.26% and 1.73% higher on Thrusday. For […]
Petrol price hike: Congress to stage protest against rising fuel rates today
Congress will hold a symbolic protest at petrol pumps across the country on Friday against the rising fuel prices that have crossed the ₹100-mark at several places, including Mumbai. According to party general secretary KC Venugopal, the protests will be organised by the local units of the party in compliance with all Covid safety protocols […]
OPEC sees oil demand recovery gaining strength in second half of the year
OPEC predicted that the recovery in global oil demand will gather strength in the second half of the year, as the group prepares to consider reviving more halted output. Oil consumption will jump by about 5 million barrels a day — or roughly 5% — in the second half of 2021 versus the first as […]
Reliance Industries partly-paid shares relist on NSE, close 0.5% higher
MUMBAI: Party-paid shares of Reliance Industries'(RIL) relisted at Rs1,572 apiece on the National Stock Exchange on Thursday. The stock closed 0.5% higher at Rs1,554.80 apiece, having risen 3.45% intraday. Shares of Reliance Industries gained 0.37% to close at Rs2,183 apiece today. In a regulatory filing, the oil-to-telecom conglomerate said it received Rs13,150.7 crore as the […]
Reliance says FCCU unit at Jamnagar refinery shut, exports may be delayed
Reliance Industries on Wednesday said that a secondary unit at its export-focussed refinery in the western state of Gujarat has been shut since June 6, which may delay the shipment of some product cargoes. ”The Fluidized Catalytic Cracker Unit (FCCU) in our SEZ refinery at Jamnagar had to be taken for an emergency shutdown on […]
LPG cylinder users can now choose distributors of their own choice. Here’s how
The Ministry of Petroleum & Natural Gas today in a statementsaid that it is soon going to launched a new facility in which the LPG customers will have a choice deciding which distributors they want their LPG cylinders to refill from. The new facility will help the customers to choose their “Delivering Distributor” from the […]
Now domestic cooking gas customers can choose LPG cylinder supplier
New Delhi: To help improve service, state-run oil marketing companies (OMCs) will allow their customers to choose the domestic cooking gas distributor for liquified petroleum gas (LPG) cylinder refills. India had 28.74 crore LPG consumers as on 1 January, 2021. This move comes in the backdrop of Pradhan Mantri Ujjwala Yojana, a government programme that […]
Centre to auction unmonetized oil, gas fields of ONGC and OIL
The government has decided to auction unmonetized oil and gas fields of state-run Oil and Natural Gas Corp. (ONGC) and Oil India Ltd (OIL) to raise hydrocarbon production and improve energy security. Speaking at the launch of the third bid round of discovered small fields (DSF), petroleum and natural gas minister Dharmendra Pradhan on Thursday […]
Electric mobility startup Cell Propulsion raises $2 million
NEW DELHI : Bengaluru-based electric mobility startup, Cell Propulsion, has raised $2 million from a clutch of private equity investors, including Endiya Partners, GrowX Ventures, Huddle Accelerator and Micelio. Last September, the company raised $1 million in a pre-series A round of fundraising. With the current round, the total funds raised by the startup stood […]
Bitcoin Mining Council debuts as energy backlash increases
The Bitcoin Mining Council made its formal debut Thursday amid a growing debate over the amount of energy used in cryptocurrencies. “The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners committed to the network and its core principles,” MicroStrategy Inc. Chief Executive Officer Michael Saylor, who helped to form the association, […]