Another major income stream for the government is under stress. Dividends from public sector companies that provide 45% of the…
In a startling revelation of facts, both ONGC Videsh Limited and the petroleum ministry have accepted before the Empowered Committee…
Despite the recent relaxation by the government for refining firms raising overseas debt, the country?s largest state-owned oil refining and…
In what is being seen as a big positive for the Indian oil industry, the daily under-recoveries of the three…
The world?s largest oil company, Saudi Aramco, is likely to step in as the new joint venture partner in one…
The stage is all set for a reduction in the consumer prices of petrol and diesel. With the price of…
Taking advantage of the steep fall in international crude oil prices, Reliance Industries Limited is once again keen to sell…
With the country?s annual crude oil imports being in excess of 1 billion barrels, India?s answer to volatile crude oil…
In what may provide a new lease of life to the Ratnagiri power project, the government has decided that the…
While the political verdict may still be at a variance, petroleum minister Murli Deora has been told by his ministry’s…
A move that strengthens its case against Mukesh Ambani-controlled Reliance Industries Ltd, the Tata group has told the government that…
After fighting the system for over nine months, the $24-billion public sector entity Oil and Natural Gas Corporation has finally…
With the softening of global crude oil prices by over 50%, from a high of $147 a barrel to less…
State-owned domestic power major NTPC Ltd says the ongoing funds crunch in the financial markets will not affect its funding…
Union minister of state for power, Jairam Ramesh is holding a crucial meeting with the chairman of the Atomic Energy…
Airlines like Air India, Jet and Kingfisher Airlines together owe between Rs 1,800 and 2000 crore to the country?s largest…
The Reserve Bank of India?s assurance that the Special Market Operations facility will be resumed once the oil bonds become…
Despite the recent measures announced by the Reserve Bank of India-enhancing the credit limit of the three oil marketing companies…
