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Indian Oil becomes India's first Fortune 100 company, RIL improves rank

Indian Oil, India’s largest company, has become the only Indian firm to ever enter the Fortune 100 group of the World’s largest companies.According to the numbers for 2011, published in the latest...

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Cairn Rajasthan share rises from 7% to 17% in one year, ONGC's falls

India’s biggest oil producer, the Oil and Natural Gas Corporation (ONGC) saw a decline of 2.4% in its crude oil and 5.5% in its natural gas production in June due to declining supply from its star...

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Essar Energy hopes Stanlow purchase will open up UK retail market

Essar Energy has said that its $350 million acquisition of Shell's oil refinery at Stanlow in the UK, will help it export the products of its India refinery to the UK market.The Stanlow refinery, whose...

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Private cars use only 15% of India's diesel: Pranab Mukherjee

Indian finance minister Pranab Mukherjee rebutted the argument that well-to-do owners of private cars are sucking up the tens of thousands of crores of rupees spent by the Government in the form of...

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India's renewable power generation capacity increases 22% over last five...

India's renewable energy generation capacity has cross the 20 Giga (billion) watt mark, according to the latest numbers from the ministry of new and renewable energy (MNRE).Renewable power generation...

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Crude price dips as rupee gains against the dollar: PPAC

Even as petroleum companies threaten to raise petrol prices again, new numbers revealed that the price paid by India for crude oil dipped slightly in January.The average price paid by India for...

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S&P gives investment grade rating to RIL's U.S. debt issue

International credit rating agency Standard & Poor's has given a 'BBB' rating to Reliance Industries' latest move to raise funds in the United States to finance its shale gas activities in the...

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India may check import of solar equipment: minister

India will impose restrictions on the import of solar equipment and encourage foreign companies to establish local facilities, minister for new and renewable energy, Farooq Abdullah said.The move has...

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BPCL says Numaligarh fire not caused by 'external actors'

Bharat Petroleum Corporation (BPCL), the smallest of the three state-owned oil retailers in India, refuted suggestions that a fire at its Numaligarh refinery was caused by an act of sabotage or...

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Indian oil companies give final warning to government on petrol prices

Piqued by delay in getting a response from the government on petrol prices, state-owned oil companies have issued a final warning to the Government to act, before raising petrol prices by Rs 8 per...

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Modi's solar program makes National Solar Mission look dull

The western Indian state of Gujarat has pulled well ahead of others, including the long-time favorite Rajasthan, in investing in solar technology and projects.According to the latest industry numbers,...

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Gov earns much more than it loses from petroleum subsidies

India's finance minister Pranab Mukherjee may like to complain about how selling diesel and LPG 'below cost' is bankrupting the government, but the numbers tell a different story.According to data...

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S&P revises outlook on Infosys, TCS and Wipro

India's biggest industry bodies urged the government of India to get moving on the stalled reform process, responding to global ratings agency Standard & Poor (S&P) cutting its outlook on...

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LPG SMS-booking scheme very successful: Government

80% of LPG users in most parts of India do their cylinder booking through SMS, going by what the junior minister for petroleum and natural gas told the Parliament today.According to RPN Singh, in most...

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India's crude oil bill rose 40% last year

India's crude oil import bill zoomed 40% in the last financial year, due to the rising crude oil prices, numbers revealed.According to government data, India imported crude worth Rs 3.58 lakh crore in...

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India's crude price falls 2% in April 2nd half

Giving some respite to the government and the oil companies, the effective price of crude oil for India fell by about 1.9% in the second half of April, according to numbers released by the Government...

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Hit by crude oil prices, India looks to gas, LNG

After failing to get the expected quantity of gas from the Krishna Godavari (KG) basin, India seems to have decided to step on the pedal on LNG and gas projects.Announcing the signing of the gas sales...

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Demand for gensets, inverters up 65% in Delhi this summer: Assocham

Sudden rise in temperature and frequent power cuts has generated a huge demand to the extent of 70% for inverters, batteries and gensets particularly in the Delhi-National Capital Region (NCR),...

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Solar power closes in on grid parity in India with mega contract

Welspun Solar Madhya Pradesh Private Limited, a wholly owned subsidiary of Welspun Renewable Private Limited, has won the largest solar power contract in Indian history.The company, part of the...

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Shell, Reliance Power to set up 5 mtpa floating LNG terminal in India

Royal Dutch Shell, Reliance Power and Kakinada Seaports have reached an agreement to construct an LNG terminal on India's eastern sea coast, targeting the energy-hungry local market.Shell and Reliance...

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