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India to boost LNG imports to raise power generation

Mar 26, 2015 at 00:15 | Source: FirstPost

NEW DELHI (Reuters) - The government said on Wednesday it will boost imports of liquefied natural gas (LNG) to improve electricity generation and revive plants worth billions of dollars to fuel economic expansion.India's plan to import LNG will boost...

Look in the mirror: Aam aadmi not industries, are India's biggest polluters

Mar 23, 2015 at 13:57 | Source: FirstPost

Urban homes may be abigger emitter of greenhouse gases than gas-chugging industries, a study conducted byIndian Institute of Science (IISc), Bangalore revealed.The reason for this include high-rise and glass facade buildings, poor waste management,an...

Look in the mirror: Urban homes not industries, are India's biggest polluters

Mar 23, 2015 at 10:49 | Source: FirstPost

Urban homes may be abigger emitter of greenhouse gases than gas-chugging industries, a study conducted byIndian Institute of Science (IISc), Bangalore revealed.The reason for this include high-rise and glass facade buildings, poor waste management,an...

India expects to raise $3.6 bln from share sale in four companies - minister

Mar 21, 2015 at 01:33 | Source: FirstPost

NEW DELHI (Reuters) - India could raise 225.74 billion rupees ($3.6 billion) from the sale of stakes in four state-run firms including Oil and Natural Gas Corp (ONGC) and National Aluminium Co Ltd (NALCO), Junior Finance Minister Jayant Sinha said on...

India expects to raise $3.6 bn from share sale in four firms: Jayant Sinha

Mar 20, 2015 at 15:26 | Source: FirstPost

New Delhi: India could raise Rs 22,574 crore ($3.6 billion) from the sale of stakes in four state-run firms including Oil and Natural Gas Corp (ONGC) and National Aluminium Co Ltd (Nalco), Minister of State for Finance Jayant Sinha said today.The cab...

Natural gas price to be cut by 10% from 1 April

Mar 18, 2015 at 11:56 | Source: FirstPost

New Delhi: Domestic natural gas prices arelikely to be slashed by over 10 per cent to USD 5.02 per unitfrom 1 April, hitting revenues of companies like ONGC andReliance Industries.The prices of natural gas are due to be revised from 1April, based on ...

Cairn Energy sells off £230m in Indian shares

Mar 11, 2015 at 15:57 | Source: BBC

Oil explorer Cairn Energy has announced the sale of $360m (£230m) worth of shares in Cairn India. The company said the move represented a 3.5% shareholding in the Indian business. Late last year the Edinburgh firm sold off a 40% stake in Cairn India...

Jaitley isnt get it; recovery is a mirage as long as banks remain fence-sitters

Mar 10, 2015 at 16:46 | Source: FirstPost

The only element seems to be missing in an otherwise promising India-story scripted by the Narendra Modi government in the first nine months at Centre, is any credible sign of sustainable economic recovery.True, recovery doesnt happen overnight. It d...

Jaitley isnt getting it; recovery is a mirage as long as banks remain fence-sitters

Mar 10, 2015 at 16:46 | Source: FirstPost

The only element seems to be missing in an otherwise promising India-story scripted by the Narendra Modi government in the first nine months at Centre, is any credible sign of sustainable economic recovery.True, recovery doesnt happen overnight. It d...

More problems for BJP: Naveen's BJD to oppose changes in land and mining acts

Mar 09, 2015 at 16:11 | Source: FirstPost

With the test of numbers for passage of crucial pieces of legislation, including the amendments to the Land Act of 2013, due in Parliament, the BJP is in no position to displease any of its allies at this point. Aware of this advantage, the Naveen Pa...

Goldman Sachs expects crude prices to drop to $40 a barrel in near-term

Mar 09, 2015 at 13:38 | Source: FirstPost

US crude prices will likely drop as far as $40 a barrel in the near-term, reversing recent gains in oil prices as global crude inventories begin to increase again, brokerage Goldman Sachs said.Oil prices rose by almost a third between January and Feb...

U.S. crude prices to drop to $40 a barrel as inventories rise - Goldman

Mar 09, 2015 at 09:45 | Source: FirstPost

SINGAPORE (Reuters) - Oil prices will reverse their recent gains as global crude inventories begin to increase again, with U.S. crude likely to drop as far as $40 a barrel in the near-term, Goldman Sachs(GS.N) said.Oil prices rose by almost a third b...

RBI cuts interest rate by 25 bps but credit goes to Jaitley, his Budget

Mar 05, 2015 at 08:15 | Source: FirstPost

The larger share of credit for the surprise, quarter percentage point rate cut to 7.5 percent announced by the Reserve Bank of India (RBI) on Wednesday morning should go to finance minister Arun Jaitely than to governor Raghuram Rajan.The RBI has lar...

Cairn India slashes 2015-16 capex on falling crude

Mar 05, 2015 at 00:15 | Source: FirstPost

MUMBAI (Reuters) - Cairn India Ltd, India's largest private sector crude oil producer, said on Wednesday it would cut spending by about 60 percent for the fiscal year starting April 1, as falling oil prices hurt profitability and make project expansi...

Rajan cuts interest rate by 25 bps but credit goes to Jaitley, his Budget

Mar 04, 2015 at 10:10 | Source: FirstPost

The larger share of credit for the surprise, quarter percentage point rate cut to 7.5 percent announced by the Reserve Bank of India (RBI) on Wednesday morning should go to finance minister Arun Jaitely than to governor Raghuram Rajan.The RBI has lar...

Core sector grows just 1.8% but Jaitley should not bank on RBI rate cut for growth

Mar 03, 2015 at 11:45 | Source: FirstPost

Call for an early rate cut from the Reserve Bank of India (RBI) got a fresh impetus after finance minister Arun Jaitely gave a clear roadmap to his commitment to fiscal prudence in the Union Budget 2015-16.A sliding inflation and plummeting manufactu...

Core sector grows just 1.8% but FM should not bank on RBI rate cut for growth

Mar 03, 2015 at 09:15 | Source: FirstPost

Call for an early rate cut from the Reserve Bank of India (RBI) got a fresh impetus after finance minister Arun Jaitely gave a clear roadmap to his commitment to fiscal prudence in the Union Budget 2015-16.A sliding inflation and plummeting manufactu...

Core sector grows just 1.8% but FM should not bank on RBI rate cut for growth push

Mar 03, 2015 at 08:20 | Source: FirstPost

Call for an early rate cut from the Reserve Bank of India (RBI) got a fresh impetus after finance minister Arun Jaitely gave a clear roadmap to his commitment to fiscal prudence in the Union Budget 2015-16.A sliding inflation and plummeting manufactu...

Russia and Ukraine to discuss summer gas supplies late this month

Mar 03, 2015 at 06:15 | Source: FirstPost

BRUSSELS/MOSCOW (Reuters) - Russia and Ukraine have agreed to discuss a "summer package" of gas supplies late this month, with Kiev winning an assurance at Monday's EU-mediated talks in Brussels that it would not pay for energy delivered to...

GAIL not keen on pact with Iranian firm: Pradhan

Mar 02, 2015 at 19:17 | Source: FirstPost

New Delhi: State-owned gas utility GAIL India is unwilling to sign any agreement with Iranian companies for sourcing of gas because of the fear of US sanctions, Oil Minister Dharmendra Pradhan said today.GAIL had in 2005 signed an agreement with Nati...

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Budget 2015-16: Revive capex through savings on cheap crude says Kotak Sec

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