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Oil prices rise amid fragile ceasefire, supply worries; Brent trades near $105/bbl

New Delhi, May 12 -- Global oil prices traded higher on Tuesday morning as supply worries persisted amid a fragile US-Iran ceasefire and concerns of renewed hostilities in West Asia. US president Don... Read More


Govt may have to eventually decide how long OMCs can keep incurring losses: Puri

New Delhi, May 12 -- India's state-run oil marketing companies (OMCs) have been incurring significant losses by selling petrol, diesel, and gaseous fuels below cost amid a surge in international crude... Read More


NTPC eyes Rs.56k-cr nuclear bet in Bihar

NEW DELHI, May 11 -- State-run NTPC Ltd is considering investing about Rs.56,000 crore to set up 2.8 gigawatt (GW) of nuclear power generation capacity in Bihar through its subsidiary NTPC Parmanu Urj... Read More


NTPC eyes Rs.56k-cr nuclear bet in Bihar

NEW DELHI, May 11 -- State-run NTPC Ltd is considering investing about Rs.56,000 crore to set up 2.8 gigawatt (GW) of nuclear power generation capacity in Bihar through its subsidiary NTPC Parmanu Urj... Read More


NTPC eyes Rs.56,000-crore nuclear bet in Bihar, plans 2.8 GW capacity

New Delhi, May 10 -- State-run NTPC Ltd is considering investing about Rs.56,000 crore to set up 2.8 gigawatt (GW) of nuclear power generation capacity in Bihar through its subsidiary NTPC Parmanu Urj... Read More


Oil marketing companies lose Rs.30,000 crore a month amid high crude prices: Govt

New Delhi, May 8 -- Public sector oil marketing companies (OMCs) Indian Oil Corp. Ltd (IOC), Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd are losing about Rs.30,000 crore a month on th... Read More


NTPC, IndianOil, Coal India plan Rs.6k-crore IPO for Hindustan Urvarak & Rasayan

New Delhi, May 8 -- NTPC Ltd, Indian Oil Corporation Ltd, and Coal India Ltd are planing to list their joint venture Hindustan Urvarak & Rasayan Ltd (HURL) to raise up to Rs.6,000 crore in fiscal year... Read More


NTPC, IndianOil, Coal India plan Rs.6k-crore IPO for Hindustan Urvarak & Rasayan

New Delhi, May 8 -- NTPC Ltd, Indian Oil Corporation Ltd, and Coal India Ltd are planing to list their joint venture Hindustan Urvarak & Rasayan Ltd (HURL) to raise up to Rs.6,000 crore in fiscal year... Read More


Oil prices rise after US, Iran exchange fire at Strait of Hormuz

New Delhi, May 8 -- Global oil prices climbed on Friday morning after US and Iranian forces exchanged fire at the Strait of Hormuz, the first such flare-up since the ceasefire announcement on 7 April.... Read More


'No plans to support OMCs for losses on fuel sales'

New Delhi, May 4 -- New Delhi: The government so far does not have any plans to provide fiscal support to the oil marketing companies (OMC) for their revenue losses or under-recovery on the sale of pe... Read More