Mumbai, (IANS) : In response to global prices and currency fluctuations, the three state-owned oil marketing companies (OMCs) have decided to increase the price of petrol and diesel from midnight Saturday. According to the Indian Oil Corporation (IOC), petrol price...
Mumbai, (IANS) : Reliance Industries on Friday said the government's demand of $1.55 billion from it and its consortium members BP and Niko on the Krishna-Godavari gas dispute had no basis on how the figure was calculated and that it will invoke arbitration...
Kolkata, (IANS) : In order to bring down coal imports at a faster rate, public sector units (PSUs) in the power sector will follow "zero imports" from the next fiscal onwards, a top official said on Thursday. "In power sector, we engage with each of the public sector...
By Prabhpreet Singh Sood, (IANS) : For the first time in five years, the profits of Indias state-owned companies shrank, by about 20 per cent in 2015, with 77 public-sector units (PSUs) reporting losses and contribution to the exchequer dropping Rs 20,000 crore ($3...
New York, (IANS) : Oil prices posted solid gains on Wednesday, with US oil hitting 15-month high, as official data showed a surprisingly large weekly drop in US crude inventories. The Energy Information Administration (EIA) said in its weekly report that US crude...
New Delhi, (IANS) : India and Nigeria are in talks on signing an agreement in December by which India will invest in refineries, as well as in exploration and production of oil and gas in the African country, the Indian Petroleum Ministry said on Monday. Petroleum...
Mumbai, (IANS) : Lower earnings guidance from IT majors, along with heightened chances of a US rate hike and negative global crude oil prices dragged the Indian equity markets lower during the mid-afternoon trade session on Monday. Besides, broadly negative Asian...
Sydney, (IANS) : Australia's economy is continuing to display resilience to commodity price declines, however external financing risks do linger, global ratings agency Moody's Investor Services said on Wednesday. Australia's growth should continue to outpace its...
New Delhi, (IANS) : India's gold imports declined by 58.96 per cent to 270 tonnes from January to September from 658 tonnes that were shipped-in during the corresponding period of last year, a research report said on Tuesday. According to the report by the industry...
New York, (IANS) : Oil prices ended higher on Monday after Russia said it was ready to curb crude output. "Russia is ready to join in joint measures to limit output and calls on other oil exporters to do the same," said Russian President Vladimir Putin on Monday at...