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  • Govt grants BP Plc licence to set up petrol pumps in India Oct 16, 2016 02:14 PM IST

    Govt grants BP Plc licence to set up petrol pumps in India

    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.

  • Air India posts Rs 105 cr operating profit, first time in 10 yrs Oct 14, 2016 07:22 PM IST

    Air India posts Rs 105 cr operating profit, first time in 10 yrs

    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 recalls 50,000 units of Kwid Oct 12, 2016 03:02 PM IST

    Renault recalls 50,000 units of Kwid

    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.

  • Hitachi,Toshiba,Mitsubishi in final talks to merge nuclear units Sep 29, 2016 11:06 AM IST

    Hitachi,Toshiba,Mitsubishi in final talks to merge nuclear units

    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.

  • Monsoon to keep India's diesel exports near 3-year highs Sep 22, 2016 02:05 PM IST

    Monsoon to keep India's diesel exports near 3-year highs

    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.

  • India will soon be zero petroleum import country: Gadkari Sep 06, 2016 06:48 PM IST

    India will soon be zero petroleum import country: Gadkari

    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 opens 83rd petrol pump in India Aug 31, 2016 09:12 AM IST

    Shell opens 83rd petrol pump in India

    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.

  • India's fuel demand rose 3.9% in July Aug 12, 2016 11:22 AM IST

    India's fuel demand rose 3.9% in July

    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.

  • Indian consumer confidence index dips in Q2: Nielsen Aug 02, 2016 02:26 PM IST

    Indian consumer confidence index dips in Q2: Nielsen

    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.

  • US says fuel economy likely won't meet 2025 targets Jul 19, 2016 07:56 AM IST

    US says fuel economy likely won't meet 2025 targets

    Under standards set in 2012, automakers' fleets were expected to get an average of 54.5 miles per gallon by 2025.

  • June WPI hardens to 1.62% YoY thanks to food prices Jul 14, 2016 12:19 PM IST

    June WPI hardens to 1.62% YoY thanks to food prices

    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.

  • India's fuel demand rose 6.2 % in June Jul 12, 2016 10:58 AM IST

    India's fuel demand rose 6.2 % in June

    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.

  • At 42.72 mt, Coal India hits 99 pc of June output target Jul 03, 2016 12:10 PM IST

    At 42.72 mt, Coal India hits 99 pc of June output target

    The broader goal is to produce 1 billion tonne of the dry fuel by 2020.

  • Centre asks states to set up one lakh biogas plants in FY'17 Jun 27, 2016 02:58 PM IST

    Centre asks states to set up one lakh biogas plants in FY'17

    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.

  • Air India plans to lease seven A320 neos Jun 16, 2016 09:08 PM IST

    Air India plans to lease seven A320 neos

    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).

  • PM Modi govt is breaking all records on price rise: Congress Jun 16, 2016 07:26 AM IST

    PM Modi govt is breaking all records on price rise: Congress

    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.

  • Govt gears up to start LNG barges on Ganga by 2018-end Jun 14, 2016 08:38 AM IST

    Govt gears up to start LNG barges on Ganga by 2018-end

    "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.

  • India may halt diesel imports,deal with private refiners:Sources Jun 07, 2016 01:18 PM IST

    India may halt diesel imports,deal with private refiners:Sources

    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 prices eroding India's competitiveness in auto sector' Jun 02, 2016 06:20 PM IST

    'High prices eroding India's competitiveness in auto sector'

    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.

  • ATF price hiked by 9.2%; non-subsidised LPG by Rs 21/cylinder Jun 01, 2016 10:46 AM IST

    ATF price hiked by 9.2%; non-subsidised LPG by Rs 21/cylinder

    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.

  • GoAir set to take delivery of its first fuel-efficient Airbus May 31, 2016 01:20 PM IST

    GoAir set to take delivery of its first fuel-efficient Airbus

    "Our first A320 neo (new engine option) will be landing at the Indira Gandhi International Airport here on June 2," a GoAir official said.

  • Jet Airways up 6%, investors cheer 1st annual profit after 8 yrs May 27, 2016 12:48 PM IST

    Jet Airways up 6%, investors cheer 1st annual profit after 8 yrs

    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.

  • Consumer biz to be growth driver; monsoon to help: Tata Chem May 27, 2016 08:09 AM IST

    Consumer biz to be growth driver; monsoon to help: Tata Chem

    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.

  • Jet Airways turns corner, Q4 profit at Rs 397cr on low fuel cost May 26, 2016 05:10 PM IST

    Jet Airways turns corner, Q4 profit at Rs 397cr on low fuel cost

    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).

  • India's fuel demand likely to rise 7.3% in FY17 Apr 26, 2016 04:36 PM IST

    India's fuel demand likely to rise 7.3% in FY17

    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.

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