Rolls Royce to return to govt Rs 18 crore paid to commission agents
NEW DELHI: Facing the heat of a CBI probe in an alleged bribery scandal, British firm Rolls Royce has written to the state-owned HAL that it was ready to...Read more
Visakhapatnam gears up to showcase Indian naval power
Once in each president’s five-year term in office, he or she carries out a “naval fleet review”, a deliberate public assembly of the entire fleet, except for warships on...Read more
India eyes Africa’s vast resources to meet rising energy demand
NEW DELHI: India has asked its oil firms to boost ties with resource-rich Africa as the south Asian nation wants to take advantage of tumbling crude prices to lock...Read more
Crude Oil Falls to Another 12-Year Low on Oversupply Gloom
Tokyo: Crude oil fell in Asian trade on Thursday, with Brent marking another 12-year low amid gloom over a world awash with supply and concerns about global economic growth...Read more
BP all set to enter India’s ATF market
BP Plc is all set to enter India’s jet fuel market after a three-year wait – setting the stage for stiff competition in the sector dominated by state-owned oil...Read more
Indian Oil Says Will Invest Up To $2.7 Billion in 6 Refineries
New Delhi: Indian Oil Corporation, the country’s biggest refiner, will invest up to $ billion in six of its refineries to upgrade fuel specifications to meet government norms, a...Read more
Crude Oil Prices Fall Almost 20% Since Beginning of Year
Singapore: Crude oil prices continued a relentless dive early on Tuesday, falling almost 20 per cent since the beginning of the year as analysts scrambled to cut their 2016...Read more
Extremely low oil prices not to benefit anyone, including India: Uday Kotak
Uday Kotak: Anything in extremes is not good for the world. Therefore, extremely low oil prices may be good for India but not so much for some other players....Read more
Will try to keep power prices lower, says Goyal
Confident that India will be able to keep power prices at lower levels with better demand-supply management systems, Power Minister Piyush Goyal on Sunday said the prices may come...Read more
Indian Oil to spend $600 million on Paradip refinery upgrade
PARADIP, India Indian Oil Corp aims to invest 40 billion rupees ($600 million) in upgrading its newest refinery in the eastern part of the country after the central government...Read more