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Shine Jacob

Assistant Editor

Moneycontrol

Exclusive | Chinese hackers will continue to target Indian organisations, says Recorded Future

BUSINESS

Exclusive | Chinese hackers will continue to target Indian organisations, says Recorded Future

Targeting of organisations in the power, oil and gas sectors offers limited economic espionage opportunities. Their targeting most likely supports China’s national-level policy objectives. Hacker group RedEcho seems interested in targeting Indian Railways.

Petrol, diesel consumption rises in March; ATF, LPG sales remain muted

BUSINESS

Petrol, diesel consumption rises in March; ATF, LPG sales remain muted

On April 1, petrol rates were seen at Rs. 90.56 a litre and diesel at Rs 80.87 a litre in the National Capital Region.

Coal India's production dips marginally by 1% in 2020-21, offtake too down 1.3%

BUSINESS

Coal India's production dips marginally by 1% in 2020-21, offtake too down 1.3%

Primarily, what affected CIL’s supplies was reduced coal lifting by the power sector and a steep 31 percent fall in road transport despite the company’s efforts to convert traffic from road to rail during the lockdown period.

Indian Railways handles highest-ever freight in pandemic year, up 2% over last year

BUSINESS

Indian Railways handles highest-ever freight in pandemic year, up 2% over last year

Despite COVID-19 hurdles, incremental loading of around 80 MT was achieved between August and March, surpassing last year’s freight loading numbers

LPG price to see a drop of Rs 10 per cylinder from April 1

BUSINESS

LPG price to see a drop of Rs 10 per cylinder from April 1

Domestic natural gas price kept unchanged at $1.79 per mmBtu for April-September

BUSINESS

Domestic natural gas price kept unchanged at $1.79 per mmBtu for April-September

However, gas produced from difficult fields was seen down by 11 percent for the period, as compared to October to March period.

BPCL acquires Oman's 36.6% stake in Bina Refinery

BUSINESS

BPCL acquires Oman's 36.6% stake in Bina Refinery

The deal for buying Oman’s stake comes at a time when the government is looking to offload its entire stake in BPCL.

Next round of city gas bidding to cover over 300 districts: Satpal Garg, member of PNGRB

BUSINESS

Next round of city gas bidding to cover over 300 districts: Satpal Garg, member of PNGRB

Regulator mulling introduction of substitution rights to lenders within the first five years. It enables them to replace the concessionaire with a different entity, subject to the approval of the concessioning authority

EXCLUSIVE | Suez Canal operations may restart today, ship to be fully floated in 5 hours

BUSINESS

EXCLUSIVE | Suez Canal operations may restart today, ship to be fully floated in 5 hours

Around 18,829 ships passed through the canal carrying around 1.17 billion tonnes of cargo.

MC Exclusive | Suez Canal container ship partly refloated, authorities line up plans to clear traffic jam, says letter

BUSINESS

MC Exclusive | Suez Canal container ship partly refloated, authorities line up plans to clear traffic jam, says letter

The mega container Ever Given got wedged on March 23 in a single-lane stretch of the canal near the city of Suez, about 6 kilometres north of the southern entrance of the canal.

Exclusive | Two Indian-owned ships stuck in Suez Canal bottleneck, says industry body

BUSINESS

Exclusive | Two Indian-owned ships stuck in Suez Canal bottleneck, says industry body

As per estimates, cargo worth around $10 billion is expected to get stuck a day due to the logjam.

Government allows OMCs to sell ethanol as standalone fuel

BUSINESS

Government allows OMCs to sell ethanol as standalone fuel

The new rule will be a huge boost for the sugar manufacturers in the country.

Coal ministry offers 67 more blocks under new set of commercial auctions

BUSINESS

Coal ministry offers 67 more blocks under new set of commercial auctions

Out of these, 37 are fully explored, meaning it could be brought to production immediately, and 30 partially. During the first round of auctions held last year, 19 mines received successful bids, out of the 38 on offer.

Exclusive | Palm oil in return for rail line construction: India, Malaysia mull barter deal

ECONOMY

Exclusive | Palm oil in return for rail line construction: India, Malaysia mull barter deal

Under the proposal, India would build a $1-billion railway project in the western side of Kuala Lumpur. India is seeing whether Malaysia can pay 70% of the cost in palm oil. This is not the first such deal between the two nations.

Ircon, ACC to join hands for New Delhi railway station redevelopment bids

BUSINESS

Ircon, ACC to join hands for New Delhi railway station redevelopment bids

The project envisions the redevelopment of Safdarjung railway station as a modern transportation hub with integrated transport and office development.

Mumbai-Ahmedabad High Speed Rail | Tata-led consortium bags bullet train project management consultancy deal

BUSINESS

Mumbai-Ahmedabad High Speed Rail | Tata-led consortium bags bullet train project management consultancy deal

The total estimated cost of the Mumbai-Ahmedabad project is around Rs 1.08 lakh crore, out of which 81 per cent or Rs 88,000 crore is expected to come through a loan from the Japan International Cooperation Agency (JICA)

Interview | Concor Chairman V Kalyana Rama says privatisation will not change company's basic structure, operations

BUSINESS

Interview | Concor Chairman V Kalyana Rama says privatisation will not change company's basic structure, operations

Chairman of the Indian Railways subsidiary and one of the most hyped candidates lined up for strategic sale by the government, said it may see a 5 percent drop in revenue during the current financial year.

Exclusive | After universal LPG penetration, India plans to cover 100% population under city gas network

BUSINESS

Exclusive | After universal LPG penetration, India plans to cover 100% population under city gas network

PNGRB to soon initiate the eleventh round of CGD bidding that may see an estimated investment of Rs 1.2 lakh crore, covering over 300 districts

Clean energy to rejig India's energy mix by 2030

MCMINIS

Clean energy to rejig India's energy mix by 2030

SC dismisses review petition by Rajasthan discoms on Adani Power compensatory tariff issue

BUSINESS

SC dismisses review petition by Rajasthan discoms on Adani Power compensatory tariff issue

Adani Power had to resort to imported coal because of the non-supply of domestic coal. The company had sought compensation for the time period between 2010 and 2018

Exclusive | Concor privatisation draws interest from DP World, Adani and Vedanta

BUSINESS

Exclusive | Concor privatisation draws interest from DP World, Adani and Vedanta

Gateway Distriparks and Allcargo Logistics confirms to Moneycontrol that they are likely to be in the race to buy stake in India’s largest container train and terminal operator.

Adani Ports and SEZ to bring rail operations under one platform

BUSINESS

Adani Ports and SEZ to bring rail operations under one platform

Adani Track Management Services’ objective is to look after all the rolling stock and rail tracks of the company. At present, Adani Ports and SEZ has 60 trains and manages a 620-km-long railway track

Concor lines up discount to tackle container shortage

BUSINESS

Concor lines up discount to tackle container shortage

The shortage of containers affects the exports of basmati, non-basmati, hand tools, sports goods, leather goods and textiles.

Adani Welspun finds gas in Mumbai Offshore's Tapti-Daman sector

BUSINESS

Adani Welspun finds gas in Mumbai Offshore's Tapti-Daman sector

The pay zones and flow rates encountered have exceeded the company’s initial estimates, a statement issued by AWEL said

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