Domestic stainless steel output to hit 3.6 mt at 2017-end
November 19, 2017 6:54 pm

The growth is in response to the rising demand for stainless steel, mainly from sectors such as auto, roads and highways, and housing.

solar energy, solar energy in India, solar industry in India, International Solar Alliance, 100 gigawatts of solar energy, paris climate change, India business news, India news, Indian express
November 15, 2017 5:06 am

The 1000-GW objective, more of a desire when the ISA was launched last year, has now become its official target

diamond mine, india NDMC, india diamond mine,  state run diamond mine, indian express, india news, latest news
November 7, 2017 4:10 pm

The state government is likely to auction the deposits later this month following planned changes to the National Mineral Policy that could enable wider participation, a senior state government official said on condition of anonymity.

asean summit 2017. east asia summit 2017, pm modi, japan, quadrilateral meeting, us, australia, indian express
November 4, 2017 3:54 am

Stressing the scope for food processing, Modi said India is the world’s second-largest producer of rice, wheat, fish, fruits and vegetables and the largest producer of milk.

Ministry of Mines, mineral auction, Arun Kumar
October 28, 2017 1:37 am

The Supreme Court passed a judgment on August 2, 2017, wherein it directed the Central government to revisit the National Mineral Policy, 2008, and announce a “fresh and more effective, meaningful and implementable policy” before the end of this year

global oil supply, oil industry, oil lobby, middle east, oil producing nations, Amrica, Shell oil, Venezuella, global oil prices, Oil India, Oil & gas sector, crude oil, crude oil prices, Natural Gas, Oil India, indian express
October 27, 2017 6:15 am

Partner selected for production enhancement shall acquire 60% of farm-in interest in field: DGH draft policy paper.

Sensex, Sensex today, market today, Reliance, Infosys, PSU banks
October 25, 2017 11:47 am

The company proposes to utilise the proceeds towards augmenting the capital base.

aviation turbine fuel, civil aviation, ATF, India's civil aviation sector, domestic airports in india, International airports in India, International Air Transport Association, IATA, CST Act, Goods and service tax, GST laws, indian express, business news
October 24, 2017 2:30 am

From an average of Rs 48.65 per litre last month for domestic airlines in four metros, ATF has become dearer at Rs 54.62 per litre from October 1.

Indirect tax, GST on Petroleum, GST Council, GST, Arun Jaitley, Arun Jaitley on GST, GST on bunker fuel, gst rate cut, bunker fuel price, GST slab, FST Council, GST rate, oil ministry, input tax credit, exploration and production, indian express, business news
October 12, 2017 1:30 am

Sets the ball rolling for likely inclusion of petro items in new indirect tax regime.

Fuel prices, petrol price, Dharmendra Pradhan, petrol price hike, govt on petrol price hike, latest news, india news
October 11, 2017 1:56 am

In what will help India adopt a better mechanism for price discovery of both domestic as well as imported gas, the petroleum ministry will seek the Union Cabinet’s approval for a domestic gas trading hub. Stating this on Tuesday, petroleum minister Dharmendra Pradhan also said his ministry was in the process of creating an internal […]

virbhadra singh, himachal pradesh cm, indian express
October 10, 2017 8:02 pm

The new rates after reduction in the VAT will be Rs 68.32 per litre from Rs 69.01 per in case of petrol and Rs 56.32 from Rs 57.09 per litre for diesel.

devendra fadnavis, maharashtra govt, maharashtra news, india news, indian express
October 10, 2017 4:37 pm

The decision to lower VAT charges came after Union Finance Minister Arun Jaitley wrote to all state governments, asking them to reduce taxes on petrol and diesel.

BJP's first list has five Congress rebels, 15 ministers from Rupani Cabinet
October 10, 2017 11:03 am

The price of petrol will go down by Rs 2.93 to Rs 67.63/litre while the price of diesel will go down by Rs 2.72 to Rs 60.77/litre

Narendra Modi, indian energy sector, Prime Minister Narendra Modi, PM Mod, Dharmendra Pradhan, Department of Industrial Policy and Promotion, Rosneft, BP, Reliance, Saudi Aramco, Exxon Mobil, Royal Dutch Shell, Vedanta, Wood MacKenzie, IHS Markit, Schlumberger, Halliburton, Xcoal, ONGC, Indian Oil, GAIL, Petronet LNG, Oil India, HPCL, Delonex Energy, NIPFP, International Gas Union, World Bank, International Energy Agency, business news, Indian express
October 10, 2017 1:47 am

Global oil firms interested to invest $1 trillion in the country in next five years.

cement sales, business news, india news, indian express
October 8, 2017 7:45 pm

Cement companies will continue to bear the brunt of higher pet-coke prices that increased 13 per cent q-o-q to $96 per tonne in Q1 FY18, Kotak Institutional Equities Research Analyst Murtuza Arsiwalla said in the report.

NTPC, CIL, coal, Coal India Limited, coal mines, coal quality, India's coal producer, coal supply, coal quality check,
October 8, 2017 6:21 pm

There was a revival of coal demand post monsoon rains, mjunction CEO Vinaya Varma said, adding that at present the buyers are looking for restocking for the approaching winter months.

Gold price, Gold price india, rupee down, rupee rate, dollar rate, market news, indian express
October 8, 2017 6:11 pm

The government had on Friday reversed its August order of bringing gems and jewellery dealers under the purview of the reporting requirement of the Prevention of Money Laundering Act (PMLA).

Odisha govt on VAT on fuel, VAT on fuel, Sashi Bhusan Behera, fuel tax, Dharmendra Pradhan, indian express news
October 7, 2017 8:38 pm

Other demands included upward revision of the dealer margins every six months, better terms for return on investment, resolution of manpower issues, a fresh study of handling losses, and resolution of issues related to transportation and ethanol blending.

Odisha govt on VAT on fuel, VAT on fuel, Sashi Bhusan Behera, fuel tax, Dharmendra Pradhan, indian express news
October 6, 2017 7:10 am

With the state's fiscal outlook worsening, a cut of Rs 2 per litre in VAT on petrol and diesel will lead to a revenue loss of Rs 2600 crore, sources said. Besides the VAT, a surcharge of Rs 11 per litre and Rs 2 per litre is collected on petrol and diesel, respectively.

Oil Prices, Fuel prices, Commodities, OPEC, Oil production, Business news, Indian Express
October 5, 2017 2:20 pm

The declines came after the Energy Information Administration (EIA) said late on Wednesday that U.S. crude oil exports jumped to 1.98 million barrels per day (bpd) last week

Odisha govt on VAT on fuel, VAT on fuel, Sashi Bhusan Behera, fuel tax, Dharmendra Pradhan, indian express news
October 4, 2017 4:27 pm

"Given already stretched fiscal finances due to front-loaded spending and lower non-tax revenues, this decision further adds to the risk that the government will likely miss its 2017-18 fiscal deficit target of 3.2 per cent of GDP," Nomura said in the research note.

petrol price, Excise duty, dharmendra Pradhan, VAT, value added tax, Tax, economy, Fuel, vat on fuel, diesel, diesel price cut,
October 5, 2017 4:24 pm

"We urge states to take responsibility just like the centre did, in direction of consumer interest. If states slash VAT (on fuel) by 5%, consumers will get more relief," said Dharmendra Pradhan.

petrol prices, diesel prices, dharmendra pradhan, petrol pump operators, oil marketing companies, penalty delivery of fuels, penalty on fuel pumps, petroleum ministry, oil marketing companies, Petrol pricel, fuel prices, diesel price, omc, indian economy, oil prices, crude oil prices, petrol pump operators, business news
October 4, 2017 2:14 am

Higher fine for running automated pumps on manual modes sans permission.

aviation turbine fuel, civil aviation, ATF, India's civil aviation sector, domestic airports in india, International airports in India, International Air Transport Association, IATA, CST Act, Goods and service tax, GST laws, indian express, business news
October 4, 2017 6:36 am

Even as the yearly increase in ATF prices may be slower in India than the global average, on an absolute basis though, it is significantly more expensive for airlines here.

petrol price, petrol price cut, diesel price cut, new petrol price, new diesel price, fuel price, petrol hike, petrol prices go down, petrol Excise duty, Diesel price cut, Petrol price cut, Petrol excise duty, india news
October 4, 2017 9:47 am

Excise duty on petrol, diesel cut by Rs 2: Excise duty on petrol and diesel was Rs 9.48 and Rs 3.56 a litre respectively before the NDA government took office, which has gone up to Rs 21.48 and Rs 17.33 a litre, respectively, an increase of 226 per cent and 486 per cent, respectively, over the May 2014 level.

petrol, petrol price, petrol price cut, diesel price, diesel price cut, indian express news, oil news, india news
October 3, 2017 8:43 pm

the price for a kilogram of CNG has been increased to Rs 47.80 (inclusive of excise duty and VAT) which will affect approximately 1.5 lakh CNG users, a statement from the company stated here.

Oil, Crude oil prices, Crude oil, OPEC, Commodities, Business news, Indian Express
October 3, 2017 3:04 pm

As per the report, Organization of the Petroleum Exporting Countries output rose by 50,000 barrels a day in September as the cartel's overall compliance with its production-cut agreement fell to 86 per cent.

lng, us, china, exporters, world news, indian express
October 3, 2017 1:02 am

As per a report, the US crude oil is $2 per barrel cheaper to India, compared with the most-imported Dubai crude.

October 2, 2017 5:12 pm

The Indian Oil Corp deal comes within weeks of Prime Minister Narendra Modi's June-end visit to the US when President Donald Trump talked of his country looking to export more energy products to India.

jet fuel price, fuel price, jet fuel price hike, lpg price, lpg price hike, lpg price raise, business news
October 1, 2017 5:32 pm

A subsidised 14.2-kg LPG cylinder will from today cost Rs 488.68 in Delhi as against Rs 487.18 previously, IOC said.

natural gas, natural gas price, natural gas price hike, india natural gas, india news
September 29, 2017 11:13 pm

Price of natural gas has been raised from $ 2.48 per MMBtu to $ 2.89 per MMBtu for six months beginning October 1, oil ministry's Petroleum Planning and Analysis Cell (PPCA) said.

petrol price, Excise duty, dharmendra Pradhan, VAT, value added tax, Tax, economy, Fuel, vat on fuel, diesel, diesel price cut,
September 28, 2017 6:03 am

In a Sept 13 meeting to assess progress on curbing tampering of meters, the ministry pulled up OMCs for keeping its executives out of the ambit of the punishments for any wrongdoing.

Crude oil prices, Multi Commodity Exchange, crude oil prices rise, rise in crude oil prices rise, Business news, World crude oil market, international business news
September 26, 2017 9:02 am

Turkish President Tayyip Erdogan threatened on Monday to cut off the pipeline that carries oil from northern Iraq to the outside world, intensifying pressure on the Kurdish autonomous region over its independence referendum.

Gold price, Gold price india, rupee down, rupee rate, dollar rate, market news, indian express
September 22, 2017 4:52 pm

Bullion traders said a firm trend overseas, where gold rebounded from a four-week low on renewed geopolitical tensions after North Korea threatened to conduct another hydrogen bomb test prompted investors to seek out the safe- haven asset, influenced the precious metal.

Basmati rice, Basmati rice export, ICRA, Indian Basmati rice, indian express, business news
September 21, 2017 6:42 pm

Commenting on the trend, Deepak Jotwani, Assistant Vice President, ICRA said, "Basmati rice exports in the current fiscal have been encouraging, especially driven by demand from Iran.

ONGC, Hindustan Petroleum, HPCL acquisition, ONGC HPCL acquisition, Shashi Shanker on HPCL acquisition, BPCL, india news, indian express news
September 14, 2017 1:42 am

“We are deeply pained and distraught after going through the Pay revision of CPSE Officers OM released by DPE on 8th August 2017. None of our humble prayers on this issue have been addressed and, therefore, the message that emanated out of this is that government is not sensitive or inclined to nurturing the CPSEs.”