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India buys more Russian oil-but its rupee-rouble plan isn't working

New Delhi, July 11 -- A rupee-settlement mechanism rolled out in 2022 to ease trade with sanction-hit countries has failed to gain traction with India's largest crude supplier-Russia. Indian refiners ... Read More


IndianOil preparing new strategy for N-power, not interested in Nayara stake: Chairman Sahney

New Delhi, July 8 -- Indian Oil Corp. Ltd is preparing a new strategy to build small modular reactors (SMR) and large nuclear power plants in the country, chairman Arvinder Singh Sahney said. India's... Read More


Emergency plan to bypass the Strait of Hormuz will be a template for future crude emergencies, says Indian Oil chief

New Delhi, July 7 -- India's new playbook of having its West Asian oil suppliers on board during the Israel-Iran conflict to bypass the Strait of Hormuz blockade will come into play during future emer... Read More


Merchant misery: Why green power is finding little love on power exchanges

New Delhi, June 27 -- India's green energy companies selling so-called merchant power are caught in a bind, as prices of solar power plunge on plentiful supply and subdued demand growth. Depressed so... Read More


Meta, Amazon, and Microsoft buy green power under a special contract. That's causing losses

New Delhi, June 11 -- In a rare occurrence, India's falling real-time renewable energy tariffs are causing losses to Big Tech firms. The reason: a mechanism aimed at ensuring price stability and manag... Read More


Adani, Tata, Torrent, five others eye 51% stake in two UP discoms

New Delhi, June 5 -- At least eight companies, including Adani Group, Tata Power Ltd and Greenko Group, are eyeing a majority stake in two Uttar Pradesh electricity distribution companies in the large... Read More