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Govt working on resuming Shipping Corp of India's maritime services to West Asia

New Delhi, April 29 -- India is working on a plan to revive the Shipping Corp. of India's (SCI) maritime services to West Asia, in a move aimed at supporting domestic exporters and bolstering the supp... Read More


Solar glut sinks power prices to near zero on exchanges, exposes structural gaps

New Delhi, April 29 -- Even as India's electricity demand hit record highs in April, power prices crashed to near-zero during peak solar hours during the month-a paradox driven by too much renewable e... Read More


Oil churn: How the UAE's exit from Opec may benefit New Delhi

New Delhi, April 28 -- The UAE's exit from the global oil cartels may be good for India, the world's third-largest oil buyer, sector experts said. The exit comes at a time when the Organization of Pe... Read More


Hormuz stalemate keeps oil prices elevated, Brent nears $110

New Delhi, April 28 -- Global oil prices rose early Tuesday as the US and Iran remained at odds over ending the war and reopening the Strait of Hormuz, a key global energy chokepoint. At 8.35 PM, the... Read More


Oil prices up 1% amid continued stalemate on US-Iran talks, closure of Strait of Hormuz

New Delhi, April 24 -- Global crude oil prices continued to trade higher on Friday morning amid ongoing supply disruptions through the Strait of Hormuz and little progress in US-Iran peace talks. At ... Read More


ReNew to invest Rs.4,200 crore in 6.5GW solar ingot-wafer unit in Andhra Pradesh

New Delhi, April 24 -- Nasdaq-listed ReNew Energy Global Plc on Thursday announced it would set up a 6.5-gigawatt solar ingot and wafer manufacturing facility in Andhra Pradesh's Anakapalli district n... Read More


OMCs lose Rs.20 per litre on sale of petrol and Rs.100 per litre on diesel: govt

New Delhi, April 23 -- Amid high oil prices, state-run oil marketing companies (OMCs) are losing Rs.20 per litre on the sale of petrol and around Rs.100 on diesel sale, said Sujata Sharma, joint secre... Read More


Oil prices up amid stalemate over next round of peace talks, continued blockade of Strait of Hormuz

New Delhi, April 23 -- Global oil prices traded marginally higher on Thursday morning as a stalemate over the next round of peace talks between the US and Iran persisted, with both countries continuin... Read More


India halts new LPG connections amid West Asia war; no timeline for restart

New Delhi, April 23 -- India's state-run oil marketing companies (OMCs) have halted new cooking gas connections nationwide for over a month amid a supply shortage linked to the West Asia conflict and ... Read More


Oil prices trade lower as Trump announces ceasefire extension; naval blockade of Iran curbs losses

New Delhi, April 22 -- Global oil prices traded lower on Wednesday morning after US President Donald Trump announced an extension of the ceasefire with Iran to allow talks to continue toward a "unifie... Read More