BUSINESS
RailTel kicks off plan for paid high-speed WiFi at 4,000 railway stations
The company expects annual revenue of Rs 10-15 crore once COVID-related travel restrictions ease.
BUSINESS
CERAWeek: India pushes for responsible pricing by oil producers
"We need a reasonable price and responsible price of energy," Petroleum Minister Dharmendra Pradhan said
BUSINESS
CERA Week: India's gas grid to be completed by 2023, says petroleum secretary
At present, India has a total of 16,788 kilo meter (km) operational natural gas pipeline in the country, while another 14,239 km is in the planning and construction stage.
BUSINESS
Explained | Why LPG prices are rising
The government has blamed the rise in international rates for the spike in prices of LPG in India. The surge could push it to resume paying the subsidy on cooking gas, which was stopped after global prices fell when the pandemic began to take hold.
WORLD
CERA Week: John Kerry bats for co-operation with China and India to bring down emissions
Addressing the CERA Week by HIS Markit on March 2, John Kerry said India is set to play a major role in terms of renewable energy plans for the future and has the potential to become a future supplier of solar panels, competing with China.
BUSINESS
CERA Week: India to line up 10 hydrocarbon blocks under round VI of OALP
State-run Oil and Natural Gas Corporation (ONGC) had won seven out of 11 geographical areas on offer under the fifth bidding round held last year under the OALP. Oil India (OIL) won the remaining four blocks.
BUSINESS
BPCL may use proceeds from NRL deal to fund acquisition of Oman's stake in Bina Refinery
BPCL will also be paying a dividend to shareholders after the completion of NRL deal.
BUSINESS
Coal India's import substitution drive gathers momentum
Coal India said in a statement that coal consumers had opted for around 71 MT of indigenous coal ending February of FY21
BUSINESS
Oil India, Engineers India and Assam govt to pick up BPCL stake in Numaligarh refinery for Rs 9,876 crore
The transaction is likely to happen this month and is considered to be the first step towards the privatisation of BPCL.
BUSINESS
No impact or data breach due to Chinese cyber attacks, says power ministry
As per a report published in the New York Times, China-linked group RedEcho may have planted malware in key power plants in India. The Chinese group targeted as many as 12 IP addresses linked to 12 power generation and transmission-related organisations in India, the report said.
BUSINESS
Railways freight traffic rises marginally in April-February period
As of February 28, the Indian Railways' cumulative freight loading was 1,102.17 MT, slightly more than 1,102.1 MT during the April-February period last year.
BUSINESS
FASTags to save fuel worth Rs 20,000 crore in India: Nitin Gadkari
Union transport minister Nitin Gadkari, who launched a live monitoring system for toll plazas across the national highways to gauge waiting time and traffic queue length on a real-time basis on March 1, also said the move would reduce carbon emission by 5 lakh tonnes per month.
BUSINESS
Exclusive: Petrol consumption dips 2%, diesel by 9% in February
Cooking gas was the only petroleum product that saw an upward trend in consumption, posting an increase of 8 percent in February.
BUSINESS
Q3 GDP data: Manufacturing, construction back in positive territory
A major factor that is taken into account while calculating GDP and GVA is the Index of Industrial Production (IIP).
BUSINESS
Q3 GDP data: Government consumption spending growth in FY21 likely to be slower than FY20, show advance estimates
During the first quarter of the current financial year, GFCE was 16.4 percent of the GDP, pushed by a rise in government spending.
BUSINESS
Private consumption continued to shrink in Q3, projected to rebound in Q4
In a sign of recovery, demand for loans picked up in January based on Reserve Bank of India data.
BUSINESS
Oil India, Engineers India submit bid for acquiring BPCL's Numaligarh Refinery
The Union Cabinet had cleared the proposal for strategic sale of the government’s 53.29 percent stake in BPCL on November 20, 2019.
BUSINESS
Government has no business to be in business, says PM Narendra Modi
The government plans to monetise around 100 underutilised and unutilised public assets in the near future, Modi said, adding that the move would create an investment opportunity of around Rs 2.5 trillion.
BUSINESS
No deaths, no injuries and 69 percent drop in accidents, Railways sets new record on safety
Though train services were minimal during the current financial year due to the Covid-19 pandemic, this can be considered as a major achievement.
BUSINESS
Explained | Will fuel prices dip under GST regime?
Though the GST was introduced on July 1, 2017, petrol and diesel were kept out of it due to the higher dependence of states.
BUSINESS
Exclusive | Govt to sell train timings to private players as part of DFC asset monetisation
The Indian Railways would come out with a detailed timetable for trains and the available routes will be sold to private players.
BUSINESS
Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements
As a part of the 'Aatmanirbhar Bharat' package announced in May 2020, the government has lined key areas where bare minimum public sector undertakings will be maintained and the rest will be privatised.
BUSINESS
Reliance to spin off O2C biz into 100% subsidiary
The new subsidiary will lead RIL’s move towards clean energy and sustainable value creation. Company expects various approvals for the reorganisation to be in place by the second quarter of FY22
INDIA
Exclusive | Petrol and diesel saw their steepest hikes ever in last 12 months
Between February 22 last year and this year, the price of petrol increased by Rs 18.64 a litre and diesel by Rs 16.32 a litre. The rates of petrol and diesel rose 26 per cent and 25 per cent, respectively, over a year.
