BUSINESS
Relief to fuel consumers, four states cut taxes on petrol and diesel
West Bengal, Assam, Rajasthan and Meghalaya have cut state taxes to cool down fuel prices. But among these states, diesel is now cheaper than Delhi only in Meghalaya.
ECONOMY
Cabinet may take up new land policy for Concor within two weeks
The wait for a new Land Licensing Fee was considered a key roadblock in the privatisation of Container Corporation (Concor). The new policy is expected to bring down the land lease rates for use of railway land for industrial purposes
BUSINESS
Oil India, Engineers India to jointly bid for BPCL's stake in Numaligarh Refinery
NRL is the largest customer of OIL’s crude produced from its North Eastern fields. The deal is likely to happen before the privatisation process of BPCL is over.
BUSINESS
Finance Ministry, Cairn Energy looking for amicable solution to tax dispute: Govt sources
The meeting between Cairn Energy CEO Simon Thomson and finance secretary Ajay Bhushan Pandey comes amid speculation that India is set to challenge an international arbitration award that went against it over the retrospective levy of taxes.
BUSINESS
Oil ministry comes out with draft LNG policy, eyes 70 MTPA capacity by 2030
To boost the usage of LNG as a transport fuel, the policy aims to convert 10 percent of long-haul heavy-duty trucks in India to LNG-compatible models.
BUSINESS
5 things to know about the ‘out of control’ fuel price rise in India
What is causing the historic increase in petrol and diesel rates? Read on to find out.
BUSINESS
Petroleum Minister Dharmendra Pradhan urges crude-exporting countries to ease production cuts
Price-sensitive Indian consumers are affected by the rising petroleum product prices and it affects the demand growth in an aspirational economy like India, the minister says.
BUSINESS
India committed to bring natural gas under GST, says PM Modi
Prime Minister Narendra Modi said India was spending Rs 7.5 lakh crore over five years to build its oil and gas infrastructure.
BUSINESS
Interview | COVID-19 pandemic has opened up new growth opportunities for us: RailTel's Puneet Chawla
In an exclusive interview with Moneycontrol, Puneet Chawla, Chairman and Managing Director of Railtel, said the company was looking aggressively on diversifying into sectors like village Wi-Fi, health and education.
BUSINESS
Interview | DFCs to raise rail share in freight traffic to 45%: Ravindra Kumar Jain, MD, DFCCIL
DFCs have faced many difficulties, the biggest one was land acquisition and the second one was the removal of shifting of utilities.
BUSINESS
India to see $500-billion investment in renewables by 2030: IEEFA report
A report by the Institute for Energy Economics and Financial Analysis (IEEFA) says that a huge global capital pool is mobilising to invest in renewable energy and grid projects in India
BUSINESS
Exclusive | Railways to introduce BOT model in dedicated freight corridors
This will be for the first time that the build-operate-transfer (BOT) model will be introduced in a railway infrastructure project
BUSINESS
Vedanta, Centricus join hands to create $10-billion fund to invest in divestment-bound PSUs
Vedanta and private equity firms Apollo Global and I Squared Capital's arm Think Gas have shown interest in buying the government's 52.98 per cent stake in BPCL.
BUSINESS
Interview | IEX may bring down equity in Indian Gas Exchange to 25% in five years: Rajesh Kumar Mediratta, Director of IGX
Indian Gas Exchange (IGX) Director Rajesh Kumar Mediratta said that the company is in talks with multiple players to be roped in as strategic partners.
BUSINESS
EXCLUSIVE: NSE to pick up 26% stake in Indian Gas Exchange
The exchange is considered to be an alternative to the gas spot markets in India that provides ease of trading, payment security, and greater access to the market for its users.
BUSINESS
National Hydrogen Mission: All you need to know about India's plans and potential
The government will focus on R&D and demand creation and find ways to use it in industry, create an eco-system including policies and bring industry on board along with international partnerships
BUSINESS
No proposal to cut taxes on fuel, says petroleum minister
Petrol and diesel prices hit fresh highs on February 10
BUSINESS
Interview | Solar power can overtake coal in India within 10 years, says IEA Executive Director Fatih Birol
India is set for explosive growth when it comes to solar, Fatih Birol told Moneycontrol in an exclusive interview.
BUSINESS
India's electricity sector on cusp of solar-powered revolution, says International Energy Agency
Once the coal‐fired power plants currently under construction are completed over the next few years, there is unlikely to be a net growth in India’s coal fleet.
BUSINESS
Explained: Status of hydroelectric power in India
At present, India’s total installed power capacity is 375.32 gigawatt (GW) as of December 2020. Out of this, only 12 percent, or 45.8 GW, is coming from hydroelectric power projects.
BUSINESS
Glacier burst: Did the rising number of dams in Uttarakhand trigger the disaster?
After the 2013 floods, a committee set up by the Supreme Court recommended that no more dams be constructed in the State. Despite that, since 2013, five dams have been built on the Alaknanda river, which suffered the glacier burst on February 7
BUSINESS
Oil India to pick up BPCL stake in Numaligarh refinery this fiscal
Out of the total 61.65 percent BPCL stake in NRL, around 48 percent will be sold to a consortium led by OIL and Engineers India, while another 13.65 percent will be given to the government of Assam.
BUSINESS
Interview | We want to connect everyone to the LPG network, says petroleum secretary Tarun Kapoor
In an interview with Moneycontrol, Ministry of Petroleum and Natural Gas secretary Tarun Kapoor said the government is further easing out norms for getting an LPG connection.
COMPANIES
EXCLUSIVE | Bifurcation of state-owned GAIL put on hold
The government's plan was to unbundle GAIL into two companies for gas transmission and marketing business and the state-run company had entrusted Ernst &Young as a consultant for this.
