New Delhi, (IANS) : State-run explorer Oil and Natural Gas Corp (ONGC) has signed definitive agreements with Russian state-run oil major Rosneft OAO to purchase additional 11 per cent stake in JSC Vankorneft. "The daily production from the field is around 421,000...
New Delhi, (IANS) : India's annual rate of inflation based on wholesale prices moved up to 3.74 per cent in August, from 3.55 percent in the month before, as per official data released on Wednesday. Nonetheless, the annual rate of inflation for some commodities...
London, (IANS) : Continuing with road shows abroad to attract foreign investors in exploiting India's discovered small oil and gas fields, Petroleum Minister Dharmendra Pradhan on Monday assured investors here that the government will "proactively facilitate" their...
Kolkata, (IANS) : Tata Steel on Monday reported a 10-fold jump in its net loss to Rs 3,183 crore in the quarter ended June 30, as compared to a net loss of Rs 317 crore in the corresponding quarter last year. "Loss from discountinued operations of Rs 3,296 crore was...
By Devanik Saha, (IANS) : The government has estimated that by the year 2020, India will need 1.5 billion tonnes of coal. But an IndiaSpend analysis of a recent report by Brookings India indicates that even by a generous estimate, the country's need for coal will not...
New York, (IANS) : Oil prices fell on Tuesday as a stronger dollar dented market sentiment as it made the dollar-dominated oil less attractive for holders of other currencies. The West Texas Intermediate for October delivery lost $0.55 to settle at $46.42 a barrel on...
Sydney, (IANS) : India's Adani Enterprises, after overcoming one of its last legal hurdles, has said the construction of its Carmichael coal project in Australia's Queensland state will begin in 2017. Australia's Federal Court on Monday dismissed an appeal by the...
Kolkata, (IANS) : Coal mining behemoth Coal India Ltd (CIL) will invest Rs 7,765 crore as capital expenditure and Rs 5,069 crore in various other projects in 2016-17, its annual report released on Friday said. "The capital expenditure for the year 2016-17 has been set...
Kolkata, (IANS) : Tata Sons' Chairman Cyrus P. Mistry on Wednesday said the Tata Group is looking for investment opportunity in West Bengal. "We look for the opportunity to invest in Bengal. When the opportunity does come, we look at that actively," Mistry said. Asked...
New York, (IANS) : Oil prices rallied for a fifth straight session on Wednesday as official data showed US crude stockpiles dropped last week. US oil inventories fell 2.5 million barrels last week, surprising analysts who had expected a build of 522,000 barrels, the...