In order to ensure a steady inflow of crude oil given that supply from Iran has been capped, the country’s oil marketing companies are looking at long-term contracts with US suppliers, but non-availability of official selli
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
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.
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
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
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
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
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
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.
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.
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.
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