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Never mind the US drub, India continues to buy oil from Russia; discount seen rising

New Delhi, Aug. 2 -- India continues to buy oil from Russia notwithstanding the punishing penalty and calling out by the US earlier this week, and it is even reaping a bigger discount. State-owned re... Read More


No slackening of Russian oil supply to Indian refiners

new delhi, Aug. 2 -- India continues to buy oil from Russia notwithstanding the punishing penalty and calling out by the US earlier this week, and it is even reaping a bigger discount. State-owned ref... Read More


Avaada Group to set up 1 GW renewable energy projects in Bihar

New Delhi, July 30 -- Avaada Group has signed a memorandum of understanding (MoU) with the government of Bihar to develop 1 gigawatt (GW) of renewable energy projects across the state. Under the term... Read More


India eyes tie-ups for affordable housing research, plans dedicated research centre

New Delhi, July 27 -- Centre is looking to forge global partnerships in research and data analytics to strengthen its affordable housing strategy under the Pradhan Mantri Awas Yojana-urban (PMAY-U) an... Read More


Nayara vows to fight EU sanctions, gets a new CEO

NEW DELHI, July 26 -- A week after the European Union announced sanctions on Russia's Rosneft-backed Nayara Energy Ltd's Gujarat refinery, its chief executive officer (CEO) Alessandro des Dorides has ... Read More


Nayara Energy names Sergey Denisov as new CEO after Des Dorides resigns amid EU sanctions

New Delhi, July 25 -- A week after the European Union announced sanctions on Russia's Rosneft-backed Nayara Energy Ltd's Gujarat refinery, its chief executive Alessandro des Dorides has resigned. Nay... Read More


House panel recommends expansion of rapid rail networks in regions beyond NCR

New Delhi, July 24 -- The standing committee on housing and urban affairs has said the government should introduce rapid rail transport systems (RRTS) around major cities to decongest them and curb ri... Read More


Govt tightens cybersecurity norms for inverters used in rooftop solar scheme

New Delhi, July 23 -- Amid cybersecurity threats emanating from China, the Union new and renewable energy ministry has mandated all original equipment manufacturers (OEMs) supplying inverters under th... Read More


Oil India in talks with ExxonMobil, Total, Petrobras for joint bids in new auction round

New Delhi, July 23 -- State-owned Oil India Ltd is in talks with global exploration and production (E&P) majors, including ExxonMobil, TotalEnergies and Petrobras, to jointly explore hydrocarbon block... Read More


Nayara Energy mulls legal recourse on EU sanctions, reiterates investment commitment

New Delhi, July 21 -- Caught in the crosshairs of Western sanctions, Rosneft-backed Nayara Energy has hit back at the European Union's (EU) move to blacklist its Vadinar refinery in Gujarat, calling t... Read More