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.
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%.
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.
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 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.
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.
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.
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.
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
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
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.
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
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.
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
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.