Indian Energy Exchange (IEX) on Friday has clarified on a news item claiming that the exchange is in talks for the gas venture stake sale. IEX has intimated exchanges about its participation in Gail’s tender for expression of interest (EOI) in gas exchange. The stock exchanges had sought clarification on an article appeared in “Newspaper-Business…
DELHI : As state governments of Delhi and Telengana unveiled their respective policies to promote manufacturing and sales of electric vehicles, manufacturers and startups in the electric mobility ecosystem appreciated the efforts of both state governments. The new policies of both state governments follow the centre’ announcement to earmark ₹10000 crore for subsidies on electric…
New Delhi, In a major relief to corporate and retail borrowers, the Reserve Bank of India (RBI) today allowed banks to go for one-time restructuring of loans that are facing Covid-19 stress, while keeping interest rates unchanged because of prospects of high inflation rates and perilous state of the economy. The restructuring of loans will…
Singapore — Hopes that India’s oil demand will recover in the second half of the year is fading fast as some provinces implement partial lockdowns to battle the COVID-19 pandemic, prompting refiners to start planning for lower crude runs in order to prevent a problem of plenty at home. India, one of the fastest growing…
CHENNAI: After unsafely stored ammonium nitrate killed at least 135 people and injured thousands in Beirut, concerns have been raised over 690 metric tonnes of the chemical that have remained in storage for years under the custody of the Customs Department here. According to Customs Department sources, 740 tonnes of ammonium nitrate (prill type) in…
Hindustan Petroleum Corp Ltd (HPCL) on Thursday reported a 157 per cent jump in its June quarter net profit on the back of inventory gains and better than industry performance. Consolidated profit of Rs 2,252.65 crore, or Rs 14.78 per share, was 156.7 per cent higher than Rs 877.48 crore, or Rs 5.76 a share,…
The post lockdown times have seen the Indian gas sector looking up with a sharp increase in the domestic gas supply from no growth between FY17 and FY20 to over 12 per cent compound annual growth rate (CAGR) over FY21 to FY24, even amid the uneven impact of COVID-19 on gas consumers. The growth was…
Indian Energy Exchange Ltd. is in talks with strategic investors to sell a minority stake in its fledgling gas unit. The largest electricity trading platform in India may sell as much as 49 per cent in the venture in a series of deals, Rajiv Srivastava, chief executive officer of IEX said in an interview. The…
The southern bench of the National Green Tribunal has directed oil companies to file a status report on the implementation of Vapour Recovery System (VRS) in fuel retail outlets in Tamil Nadu. It also ordered notice to the Tamil Nadu government and the Central Pollution Control Board. The bench directed the oil companies to file…
NEW DELHI – A joint-venture by India’s Adani Gas and France’s Total (TOTF.PA) will soon seek government permission to open retail fuel stations in India, Adani’s chief executive said on Wednesday. India has become a lucrative market for global oil majors after the government removed controls on the retail pricing of gasoline and gasoil and…
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