New Delhi, (IANS) : In a move to boost India's energy security, the Union cabinet on Monday gave post facto approval for signing of an agreement that will see crude oil for strategic storage flow in from a state-run company of Abu Dhabi for meeting unexpected future...
Kuala Lumpur, (IANS) : The oil company Saudi Aramco will invest seven billion dollars in a refinery and petrochemical development project in Malaysia following a deal with Malaysia's Petronas, media reports said on Tuesday. The agreement reached by the two was...
Kolkata, (IANS) : Coal India Ltd on Saturday said its wholly-owned subsidiary Northern Coalfields Ltd (NCL) has approved buyback of 76,356 fully paid equity shares for an aggregate amount not exceeding Rs 1,244 crore. "The Board of Directors of NCL at its meeting held...
Mumbai, (IANS) : State-run oil marketing company Bharat Petroleum Corporation Ltd (BPCL) on Friday said that it plans to raise up to Rs 2,000 crore through private placement of secured non-convertible debentures during the current financial year. The company informed...
London, (IANS) : Tata Steel workers in the UK on Wednesday voted robustly in favour of accepting steel producer's proposal on pensions, jobs, investment and production. As many as 72.1 per cent of the members who turned out for votes from Community and 75.6 per cent...
New York, (IANS) : Oil prices fell on Monday as signs of rising US crude output continued to weigh on prices. The US rig count last week was up 8 to 591, Xinhua news agency cited data released by oilfield service company Baker Hughes. Analysts said the investors are...
Kolkata, (IANS) : Coal India Ltd (CIL) on Saturday reported a 20.25 percent fall in consolidated net profit to Rs 2,884.47 crore in the quarter ended December 31, 2016 against Rs 3,617.18 crore in the corresponding quarter last year. Its net sales for the quarter...
New Delhi, (IANS) : The proposed merger of the Indian state-run oil and gas companies would face significant execution challenges in managing integration of employees, addressing overcapacity in the merged entity and getting support for the merger from private...
New Delhi, (IANS) : There would be no extension of the minimum import price on 19 products, Steel Secretary Aruna Sharma said on Monday. "Two months back, we had announced minimum import price (MIP) on 19 items. We intervened and 19 items were kept under minimum...
New Delhi, (IANS) : State-run Steel Authority of India Ltd (SAIL) on Sunday said it has identified five core areas, including optimisation of new assets utilisation, to turn ongoing challenges into opportunities in a context where the business environment is extremely...