Saurabh Kumar

Fresh curbs by DIPAM on CPSE arms and JVs

The DIPAM’s contention is that investments in CPSE subsidiaries are often not giving any/enough returns to the government as the promoter.

Industry News

OVL’s associated gas plant in Russia gets delayed, to be ready by May

ONGC Videsh’s (OVL) associated petroleum gas plant — slated to come up at its loss-making fields acquired from Imperial Energy in Russia’s Tomsk region — is facing delay and is likely to be on stream by the middle of

Industry News

Norway’s energy firm looking for oil, renewable partners

Norway-based energy firm Equinor ASA is close to finalising a ‘framed’ contract with an Indian refiner for long-term supply of crude oil and is likely to appoint a country manager by February.

Industry News

Railways, DoT on collision course over 700 MHz spectrum

Officials in the DoT told FE that state-owned telecom operator BSNL has also been asking for 700 MHz spectrum but is offering equity in return for the airwaves.

department of telecommunications, Railways, DoT, 4G spectrum, BSNL, airwaves, rural areas, telecom industry News

ONGC ramps up gas output

Under a deal struck in December 2016, ONGC acquired GSPC’s 80% stake in DDW assets for $1.2 billion.

Industry News

It’s cheaper to fly than drive: Auto fuels costlier than ATF now

Also, even non-PDS kerosene could soon become at par with ATF.

Commodities News

Crude prices down, but no respite for OMCs – Here’s why

Finances of the OMCs — Indian Oil, BPCL and HPCL — are expected to remain under pressure due to various factors.

Markets News

Leg-up to LPG infra: OMCs receive nod for pipeline between Kandla & Gorakhpur

60 new bottling plants to be set up and operated by private players.

oil price, oil price today, oil price news, crude oil price, crude oil News

Rising finance cost: IPO plan thwarts $500-million multilateral soft loan of IRFC

MIGA helps multilateral lenders to make cross-border lending by identifying risk-free avenues in developing countries; sovereign guarantee (usually accorded to 100% state-owned entities) is one of its chief criteria.

ipo, fine organic industries, fine organic industries news

JioPhone without riders: Mukesh Ambani’s Reliance Jio woos railway employees

Reliance Jio has made an attractive offer to railway staffers, mainly junior grade employees who use feature phones, to shift to its 4G feature phone — JioPhone.

Infrastructure News

Ujjwala Yojana: All ration cardholder can avail benefits now

To expand the scope of the flagship LPG-for-cooking scheme, the government has decided to extend it to all ration-card holding households.

ujjwala yojana, cooking gas News

Iran Oil: India to sweeten rupee payment terms

To sweeten the deal for Iran regarding purchase of oil from that country, India will allow the Persian Gulf nation to use the payments made by Indian refiners to an escrow account to meet the expenses of Iranian students and

oil sector, oil industry, india, iran News

Commissioning of west coast refinery delayed by 3 years

Ratnagiri Refinery and Petrochemicals, with an annual capacity of 60 million tonne, was to be commissioned by 2022, but farmers of the area have been protesting and have received the support of Opposition parties in Maharasht

Industry News

Equity infusion may not aid Vodafone-Idea expansion

The huge debt of around Rs 1,12,500 crore of Vodafone Idea will leave little for capex and market-capturing strategies, even though the management is infusing some Rs 25,000 crore of equity. Analysts at JPMorgan wrote on Thur

Industry News

Downgraded: Moody’s changes outlook on Tata Motors to negative

Tata Motors improved its share in the passenger vehicle segment to 6.2% in the first half of the current financial year.

Markets News

Power demand up: Coal stocks at mines at a 5-year low

Imports, reined in after FY15 surge, rising again though a big price differential prevents it from skyrocketing.

coal. coal sector, coal industry News

Decision by mid-November: Indian Railways looks for additional gross budgetary support of Rs 18,000 crore

Indian Railways (IR) is set to ask the finance ministry for an additional `18,000 crore of gross budgetary support (GBS) for the current financial year (Budget outlay is `53,060 crore) to accelerate its existing infrastructur

Infrastructure News

Indian Railways trains to run at 160 kmph on the Golden Quadrilateral? Don’t get your hopes high just yet!

While the transporter prepared a plan and the Union budget of 2017 sanctioned around Rs 17,000 crore for two corridors of the quadrilateral — Delhi-Mumbai and Delhi-Howrah — the actual work will only start after the dedic

Infrastructure News

Are GST norms posing hurdle in listing of RVNL, other PSUs?

As per the conditions, an entity in which the government stake is above 90% is liable to pay 12% GST for work contracts executed on behalf of the Central government, state government or any local authority.

Money News

Delhi sales now going to NCR due to high VAT on fuel, say dealers

Even as Haryana and Uttar Pradesh have recently reduced value-added taxes (VAT) on petrol and diesel, the Delhi government hasn’t; the city state’s stubborn refusal to take a cue from the Centre (which cut excise by Rs 1.

VAT on fuel, NCR,  VAT revenue, DPDA, VAT revenue, NDA government, VAT on diesel News

Passenger Safety: Indian Railways to change track configurations to avoid derailments

With most accidents in the last five years caused by derailment, the transporter plans to change the configuration of tracks for safer operations.

Passenger Safety: Indian Railways to change track configurations to avoid derailments

GAIL’s massive gas pipeline network will be moved to a subsidiary. Here’s why this big step is being taken

GAIL has a pipeline network of 11,400 km in India accounting for three-fourths of natural gas transmission.

Industry News

OMCs to try direct $ buys from RBI

India is exploring a tried-and-tested option of opening a window for oil marketing companies (OMCs) to buy US dollars directly from the Reserve Bank of India (RBI) in order to arrest the rupee’s slide.

oil, oil sector, oil industry News

ONGC seeks lower royalty outgo to boost coffers

Upstream major seeks revision of post-wellhead crude costs for nomination fields.

Economy News

System based on radio waves: Railways to test European signalling system

The Indian Railways has selected the 850-km route between Mathura and Vadodara to test the European Train Control System.

Infrastructure News

Indian Railways to float new global tender for 7.5 lakh tonne rails; likely worth Rs 4,000 crore

Indian Railways is all set to float a global tender of 7.5 lakh tonne (likely worth around Rs 4,000 crore). It is faced with a dilemma to whether reduce its targets for commissioning of new lines so as to meet the planned tr

Indian Railways to float new global tender for rails News

Niti Aayog halts Oil India’s CGD plans

The Niti Aayog has denied ‘permission’ to state-run Oil India (OIL) to venture into the country’s reinvigorated city gas distribution (CGD) business, arguing that exploration companies must focus on their core activitie

Industry News
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