By Bappaditya Chatterjee, Kolkata, (IANS) : Despite muted demand from consumers, downgrading of mines and challenges from the renewable energy sector, the sales outlook of Coal India, the country's largest miner, for 2017-18 looks positive with an expected growth of...
New Delhi, (IANS) : The first tranche of the Sovereign Gold Bonds (SGB) scheme will open for public subscription on Monday, the government has announced. "Government of India has decided to issue Sovereign Gold Bonds 2017-18 - Series I. Applications for the bond will...
Muscat (IINA) : Oman Oil Company and Kuwait Petroleum International signed on Monday an agreement to build a refinery worth around $7 billion in the Sultanate's southern port town of Duqm, AFP reported. The 50-50 joint venture will have a capacity of 230,000 barrels...
Canberra, (IANS) : Adani Australia's controversial $21 billion Carmichael coal mine has been granted an unlimited 60-year water licence, in a move slammed by environmental and legal groups. The associated water licence, signed by a Queensland government representative...
Kolkata, (IANS) : Coal India on Monday said it missed its annual production target by 44.48 million tonnes as it produced 554.13 million tonnes by the end of 2016-17 against a target of 598.61 mt. According to the provisional data, the miner also missed its off-take...
New Delhi, (IANS) : The new natural gas prices for producers in India are well below the average cost of production, rating agency Icra said on Monday. The government last week marginally cut the natural gas price paid to producers to $2.48 per million British thermal...
Kolkata, (IANS) : After achieving a 9 per cent growth in coal production in the last financial year, Coal India expects to conclude this fiscal with a 2.5 per cent growth in production and 2 per cent increase in coal off-take, an official said on Tuesday. "This year,...
Kerman, (IRNA) : The First Vice-President Eshaq Jahangiri said that Iran will soon turn into an exporter of gas oil. Speaking to a group of officials in Kerman Province, cwnreal Iran, Jahangiri said that once used to be an importer of diesel fuel, Iran has now become...
New York/New Delhi, (IANS) : Oil prices went under the psychological $50 a barrel mark on Thursday on the back of a supply glut offsetting some of output cut efforts from the Organisation of the Petroleum Exporting Countries. The West Texas Intermediate for March...
New Delhi, (IANS) : India's gold market, facing short-term headwinds following the demonetisation and introduction of excise duty, will recover on the back of gold demand, which is expected to be around 650-750 tonnes in 2017, a World Gold Council (WGC) report said on...