The government has formally granted a licence to BP Plc, Europe's third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.
The state-owned airline, which is working on ways to improve its financials, had an operating loss of Rs 2,636 crore in 2014-15.
Renault India is conducting a pre-emptive and voluntary inspection of select 0.8 L variants (800cc) of Kwid that were produced up to May 18, 2016 from October 2015.
The merger is expected to keep the nuclear operations of these companies afloat, even though most of Japan's nuclear reactors remain idle, the Japanese business daily reported.
Reflecting this trend, state-owned Indian Oil Corp exported diesel for the first time in more than five years and the ramp-up of a new refinery could also temporarily keep exports high after the monsoon draws to a close this month.
Despite low prices globally, India at present is incurring a massive Rs 4.5 lakh crore on crude imports which was earlier Rs 7.5 lakh crore, Gadkari said addressing a conference on methanol economy organised by Niti Aayog today.
Shell India opened a petrol pump in Uttarahalli area of Bengaluru, taking its operational fuel stations in India to 83, of which 30 are in Karnataka, the company said in a statement.
Consumption of fuel, a proxy for oil demand, totalled 14.92 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
The Consumer Confidence Index score for India decreased by six points to 128 in the April-June quarter of 2016, from a high of 134 in the first quarter, the company said in a statement.
Under standards set in 2012, automakers' fleets were expected to get an average of 54.5 miles per gallon by 2025.
India's wholesale price index (WPI) rose 1.62 percent year-on-year in the month of June, compared to 0.79 percent in May, and ahead of economists' expectations of 1.15 percent.
Consumption of fuel, a proxy for oil demand, totalled 15.65 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
The broader goal is to produce 1 billion tonne of the dry fuel by 2020.
This will result in a saving of about 21,90,000 LPG cooking cylinders annually, besides providing bio-manure to reduce the use of chemical fertilisers. There would be a saving of about 10,000 tonnes of urea, the release said.
This is the second time that the airline, which is working on its turnaround plans, is looking to ramp up its fleet with the more fuel-efficient A320 neos (new engine option).
Party's senior spokesman Ajay Maken said that the common man is hit hard with the rising prices of essential commodities and food retail inflation at 7.55 per cent, a 21 month high. It appears that this Government is not concerned with reducing prices, he said.
"Inland Waterways Authority of India (IWAI) and Petronet LNG have been asked to plan and coordinate their work plans in a manner such that LNG barges could commence navigation on NW1 by December 2018," the Shipping Ministry said in a statement.
State refiners stepped up imports in recent months after private refiners refused to continue absorbing sales tax and coastal freight costs, making the domestic fuel more expensive.
High labour, fuel and raw material prices are eroding India's cost competitiveness in the automobile sector as compared to countries like China, a study has said.
The hike comes on the back of 1.5 percent increase effected on May 1 and a steep Rs 3,371.55 (8.7 percent) hike on April 1. Prior to that, rates were hiked by steep 12 percent, or by Rs 4,174.49, on March 1.
"Our first A320 neo (new engine option) will be landing at the Indira Gandhi International Airport here on June 2," a GoAir official said.
The airline company's net profit zoomed to Rs 397 crore in fourth quarter of FY16 from a loss of Rs 1729 crore in corresponding quarter last fiscal. During the quarter, its fuel expenses fell 25 percent at Rs 999 crore against Rs 1334 crore in year-ago period.
The company reported net profit of Rs 242.24 crore against a net loss of Rs 74.17 crore in the year-ago period. Total income rose to Rs 4,055.49 crore in the fourth quarter.
Its total income, in Q4, rose 3.6 percent at Rs 5245.3 crore compared to Rs 5064 crore year-on-year. Other income in the period was at Rs 206 crore versus Rs 225 crore (YoY).
Diesel demand, which soared 7.5 percent to 74.6 million tonnes last fiscal, is projected to further go up by 7.7 percent to 78.11 million tonnes.