BUSINESS
Interview | India needs zero rail imports, domestic players can meet demand: JSPL MD VR Sharma
Steel demand is rising because of exports and several domestic sectors including water pipelines, refineries, railways, shipbuilding, boiler industry, cryogenic tank building and oxygen plants, the MD of JSPL said.
BUSINESS
Experts divided on Kerala High Court order seeking decision on GST on petrol, diesel
Bringing petrol and diesel under GST would lead to uniform pricing across India and help companies offset the tax paid against GST liabilities, but the current system of taxation brings a big chunk of revenue for the Centre and states.
BUSINESS
How will advancing ethanol blending help India?
BUSINESS
India urges OPEC to phase out production cuts; bats for reasonable crude prices
Being the world's third-biggest oil importer and consumer, India had been asking OPEC to ease output and help economic recovery, ever since the global crude demand started recovering.
BUSINESS
Explained: Who is gaining from the sharp rise in fuel prices?
International oil prices have risen sharply as the market expects the global rollout of vaccines will accelerate economic activity and raise demand, while OPEC continues to keep supplies tight. This, along with high taxes by the Centre and states, has also inflated petrol and diesel prices.
BUSINESS
Poor show by ONGC, Oil India forcing Centre to auction their large fields
As crude oil production in the country continues to decline, the government takes a tough stand on PSU assets, which may be offered to other companies
INDIA
Exclusive | India's daily oxygen demand dips 70% in a month; Govt, industry brace for third wave
Oxygen consumption that averaged 850 metric tonnes per day (MTPD) in the pre-pandemic period surged to nearly 9,300 MTPD in May, at the peak of the second wave
TRENDS
Suspected Chinese-backed hackers targeted BSNL, Indian defence sector players, says Recorded Future
According to the report, Indian defence contractors were heavily targeted after border tensions between India and China escalated in 2020
MCMINIS
Rs 50 to 100: Journey of petrol prices in India
BUSINESS
With 4G nod for railways, global rail major Wabtec eyes tie up for train safety in India
Wabtec says it can help Indian companies take a quantum jump in railway-safety technology as local firms are at the beginning of the curve while the global major’s offering has been proven internationally
BUSINESS
Concor land licensing fee deal faces private sector ire
Industry body raises concerns regarding the preferential treatment being given to Concor, which is soon going to be a private entity through divestment
BUSINESS
Explained: Why India is doing away with auction of small oil and gas fields
Auction of small fields was a good entry point for new players, but they could not start production even five years after winning blocks because of delays in various clearances, lack of coordination between authorities, the oil price crash last year, inadequate handholding, and of course COVID-19.
MCMINIS
How Railways is beating Covid blues
BUSINESS
Explained: How 4G spectrum will help Indian Railways and millions of passengers
It will help the railways to shift towards the Automatic Train Protection system. This system, among many other things, can monitor the speed of trains and activate emergency brakes. The new spectrum will also help the railways to increase the line capacity to accommodate more trains using the existing infrastructure.
BUSINESS
Govt approves allotment of 5 MHz spectrum in 700 MHz band to Indian Railways
4G spectrum will help improve passenger safety, increase train speeds and streamline operations
BUSINESS
Record fuel prices: It's all in the taxes
Excise duty on petrol increased two-fold from Rs 9.48 a litre in April 2014 before Narendra Modi took charge, to Rs 32.90 a litre now. Similarly, on diesel, it has gone up almost eight fold from Rs 3.56 a litre in April 2014 to Rs 31.8 a litre now
BUSINESS
Will ONGC’s new chairman be from the private sector, or a bureaucrat?
Getting a private sector executive as the CMD may jolt the state-run giant into action and reverse the decline in its oil production but there are concerns about how an “outsider” would fit into the system.
BUSINESS
We are bullish on how 2021 is going to playout: Nalin Jain, Wabtec’s Digital Electronics Business
Digital is a growth business for us. We did see a bit of a decline last year, driven by Coronavirus and the slow down, but the first three months’ trends are looking promising, although we still are in a very unpredictable world
TRENDS
How India got a pandemic relief on oil import bill
BUSINESS
Mid-sea mishap: ONGC suspends three officials, disciplinary action taken against several others
Officials approach management as blame game and fingerpointing begins; no agency willing to take the responsibility for 86 deaths
BUSINESS
10 in fray for ONGC chairman's post, seven for director offshore
Four out of the total 10 candidates who have applied for the ONGC chairman's post are also in the fray for the post of director (offshore). Both the interviews are to be held on June 4
INDIA
Explained | How important is monsoon for India's agriculture sector?
In a positive sign for the farming community, June to September rainfall over the monsoon core zone, which includes the rainfed agriculture regions in the country, are most likely to get above the normal rate of rain at around 106 percent of Long-Period-Average
TRENDS
India GDP data | Gross fixed capital formation rate sees decline in 2020-21
GFCF is 31.2 percent of gross domestic product (GDP) in 2020-21, compared to 32.5 per cent in the previous year.
BUSINESS
India GDP data: Manufacturing sector back in positive terrain in Q4FY21
India GDP data for FY21: While manufacturing sector posted recovery in the fourth quarter of FY21, it contracted 7.2 percent on an annual basis
