Saurabh Kumar

Articles By Saurabh Kumar

338 Articles

RIL, OMCs prepare to push doorstep delivery of fuel

The OMCs — Indian Oil, BPCL and HPCL — will soon be issuing advertisements to select interested start-ups and entrepreneurs to enter the field, said a source.

RIL, OMC, Reliance Industries,  Dharmendra Pradhan, PESO, Ministry of Petroleum and Natural Gas, ANB Fuels News

Fuel retail outlets: Dealerships to be allotted within this year

At present, conventional energy sources such as coal and oil constitute more than 80% of India’s energy basket. In 2018-19, the demand for petrol grew by 8% and that for diesel by 3%.

Industry News

Tribunal set up to resolve RIL-BP & Niko dispute

Niko had earlier withdrawn from the NEC-25 block in India's eastern offshore region and its 10% share had gone to RIL and BP.

Industry News

ED seeks to attach oil assets of Sterling Biotech promoters in Nigeria

The ED in June attached properties worth Rs 9,778 crore of Sterling Biotech and related to the promoters Nitin Sandesara, Chetan Sandesara, and Deepti Sandesara who are absconding and have left the country.

ED, oil asset, Sterling Biotech, Nigeria, Enforcement Directorate, Sterling Biotech case, industry news, Nirav Modi, Punjab National Bank. News

Not much success so far, but Indian Railways bets big on PPPs

In the Budget, the PPP mode has been recommended for tracks, rolling stock manufacturing and delivery of passenger and freight services.

The DK Mittal committee in its report in 2014 suggested PPP investments in core operational areas of the railways. (PTI File photo) News

ED to summon Bollywood actor Dino Morea, DJ Aqeel in Sterling Biotech case

The source added that payments have also been made to political figures and the agency is trying to ascertain the nature of the deals.

Earlier, the ED had summoned DJ Aqeel and actor Dino Morea but the duo have sought time to appear. News

ICICI Bank-Videocon case: ED obtaining overseas bank account details of Kochhar brothers

Prepares to grill Deepak and Rajiv Kochhar along with ex-ICICI Bank CEO Chanda Kochhar by next week

The ED is looking at the time stamps of the deals to establish criminal intent and will move ahead once the CBI registers a case. News

Asset monetisation: Ministries and Niti Aayog differ on how to split GAIL

The company earns 70% of its revenue through marketing whereas 40% of profits come from the natural gas transmission business.

Opinions of departments seem to differ on the ownership and shape of the new entity to be created News

Budget 2019 waives Rs 1 per tonne excise duty on oil output

Union Budget 2019: The charge will be nil for ‘crude petroleum oil produced in specified oil fields under production-sharing contracts or in the exploration blocks offered under the New Exploration Licensing Policy through

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, Surcharge on Income Tax, Pensioners, middle-income class News

Budget 2019: Fuel imposts to boost cess, excise kitty

Budget 2019 India: The Budget proposed a hike in the special additional excise duty on diesel and petrol by `1 per litre and an increase in the road and infrastructure cess on these items by a similar amount.

Budget 2019-20, Budget 2019 India News

Budget 2019: Indian Railways to rely more on PPP for faster completion of projects

Union Budget 2019 India: The railways will also be investing more in suburban networks through special purpose vehicles

Union Budget 2019 India, Budget 2019-20 News

Budget 2019: PM Modi’s flagship affordable housing scheme, Pradhan Mantri Awas Yojana (Urban), may get a boost

Union Budget 2019 expectations: The government might announce new measures in the Budget to further bring down borrowing cost of affordable urban housing to boost demand for such houses.

Budget 2019, Budget 2019 expectations, union Budget 2019, Pradhan Mantri Awas Yojana, Union Budget, budget 2019 india, budget 2019-20 News

Indian Railways tracks by SAIL not fit for 160 kmph passengers trains operations: US university study

SAIL has an exclusive contract to supply rails to the transporter.

railways, railway industry News

Ujjwala Yojana: Modi govt targets 8 crore LPG connections by August

Under the PMUY, 7.25 crore connections have already been issued since the programme was launched in May 2015.

pmuy, lpg News

Oil ministry seeks Rs 33,000 crore more for subsidy payout

At the end of March 2019, the government was yet to pay Rs19,000 crore to Indian Oil on account of cooking gas and kerosene subsidy for 2018-19.

Petroleum minister Dharmendra Pradhan, oil ministry, dharmendra pradhan News

Paytm Payments Bank focuses on transaction volumes

Paytm Payments Bank, which turned profitable in the second year of its operation, plans to focus on corporate salary accounts and direct money transfers in the current financial year to augment transaction volumes.

Banking & Finance News

SFIO launches probe into Gujarat NRE Coke

The investigation team has already sent letters to parties and banks dealing with GNCL to gather information regarding GNCL’s associates, arms and trusts wherein the firm’s directors act as trustees.

Industry News

India Post Payments Bank eying to be preferred gateway for govt subsidy transactions

To boost volumes for its payments business, India Post Payments Bank (IPPB) is demonstrating its last-mile reach through its massive network of access points so as to become the preferred banking partner for various subsidy t

Banking & Finance News

No takers for coal-bed methane blocks under open acreage licensing policy

While the ministry of petroleum and natural gas has recommended to the empowered committee of secretaries (ECS) names of top bidders for 32 hydrocarbon blocks under Open Acreage Licensing Policy (OALP) rounds II and III, ther

Economy News

Low job creation: Niti Aayog plans to seek opinion of experts

The move comes at a time when India’s unemployment level is at 45-year high and the GDP growth rate has plummeted to a 20-quarter low of 5.8% in January-March 2019.

Economy News

BPCL’s investment plan for Mozambique gas field gets approval

The approval was required as Anadarko Petroleum, the US-based project operator, will be announcing the final investment decision on the LNG project on June 18 during the Africa-US Business Summit 2019, which is also being hel

Industry News

East West Gas Pipeline: Steep hike in tariffs to hit user industries

The tariff for zone 1 has been revised to Rs 65.50 per million British thermal unit (mmBtu) on the gross calorific value (GCV) basis from the existing Rs 15.

East West Gas Pipeline, EWNGP, city gas distributors, PNGRB, KG D6 gas, Mukesh Ambani, PIPL News

Non-oil companies may get into fuel retailing, govt invites public comments

As on April 1, 2019, there were 64,624 fuel retail outlets in the country of which 57,944 are with the state-run oil marketing companies, 7 with MRPL, and 6,673 with private operators Reliance Petro Marketing, Nayara Energy a

oil sector, oil industry, petrol, fuel News

Indian Railways stays afloat in FY19, helped by advance freight charges

The Indian Railways' operating ratio had crossed 100% in November 2019, indicating an operational deficit.

Infrastructure News

ONGC, others eye blocks in unexplored basins after changed rules under revised OALP

In several cases, irrational bidding, quoting very high revenue share — even above 90% at the peak production level during the contract period — had raised serious concerns of back-loading of production.

Commodities News

Crude oil imports: Iran third-largest supplier in FY19 too, US jumps from 18th to 9th slot

Meanwhile, India's natural gas production edged up to 32.9 billion cubic metre (BCM) in 2018-19, from 32.6 BCM in the previous year.

Commodities News