India  /  Published 17.07.20

Iran: cloud on 2 projects

Iran appears to have eased India out of two key projects that New Delhi has been long invested in: the Chabahar-Zahedan Railway Line and the development of the Farzad-B gas field that was discovered b...
By Anita Joshua in New Delhi

Business  /  Published 02.07.20

Sensex rallies over 300 points in early trade

Market benchmark Sensex surged over 300 points in early trade on Thursday tracking advances in global equities as positive macroeconomic data flow and hopes of a Covid-19 vaccine boosted investor sent...
By PTI in Mumbai

Business  /  Published 01.07.20

ONGC reports quarterly loss of Rs 3,098 crore

Oil and Natural Gas Corp (ONGC) on Tuesday reported its first-ever quarterly loss after it took an impairment on slumping prices. India’s top oil and gas producer reported a Rs 3,098 crore loss...
By Our Special Correspondent in New Delhi

Business  /  Published 28.11.19

ONGC raises $300m at lowest rate

State-owned Oil and Natural Gas Corp (ONGC) has raised $300 million in overseas borrowing at a coupon rate of 3.375 per cent, the lowest by any Indian issuer, to meet its capital expenditure.The 10-ye...
By Our Special Correspondent in New Delhi

Business  /  Published 24.02.19

REC sale in final lap

The government plans to sell its stake in Rural Electrification Corporation to Power Finance Corporation at a premium, which could fetch about Rs 15,000 crore to the exchequer.PFC would acquire the 52...
By R. Suryamurthy in New Delhi

Business  /  Published 28.05.20

Cairn told to pay $520 million as profit share

The government has slapped a $520-million (around Rs 3,941 crore) demand notice on billionaire Anil Agarwal’s oil and gas unit Cairn after an audit found alleged discrepancies in cost recovery in th...
By PTI in New Delhi

Business  /  Published 06.10.19

Path clear for privatisation of BPCL

Ahead of a proposed move to fully privatise state-owned fuel retailer Bharat Petroleum Corp Ltd (BPCL), the government had quietly repealed the legislation that had nationalised the company, doing awa...
By PTI in New Delhi

Jharkhand  /  Published 23.08.19

BIT-Sindri alumna returns with success story

BIT-Sindri welcomed a distinguished guest on Friday, who visited her alma mater after 35 years, barring a brief trip in 2014, and shared her success story with the wide-eyed BTech students on the camp...
By Praduman Choubey in Dhanbad

Business  /  Published 29.09.18

ONGC Videsh settles dispute with Rosneft

ONGC Videsh Ltd and its partners in Russia’s Sakhalin-1 project have agreed to pay Russian giant Rosneft $230 million to settle an oil production dispute out-of-court, its managing director N. K. Ve...
By PTI in New Delhi

Business  /  Published 03.11.18

Cut clause to earn Iran oil waiver

The US has allowed India to continue to buy oil from Iran after it agreed to cut the amount of crude oil imports by a third of the 2017-18 level.The country is the second biggest buyer of Iranian crud...
By R. Suryamurthy in New Delhi


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