Shine Jacob

All stories by Shine Jacob

ONGC seeks new petroleum exploration licence

ONGC seeks new petroleum exploration licence

Rediff.com4 Mar 2020

RIL and Shell ceased production from the fields in 2016, and ONGC has already been using Tapti infrastructure for its other fields for better optimisation.

Spike in oil prices a temporary phase

Spike in oil prices a temporary phase

Rediff.com12 Jan 2020

Oil prices jumped nearly $3 a barrel and gold and safe-haven bonds rallied on Friday after the killing of top Iranian commander Qassem Soleimani in an airstrike by the US in Baghdad.

Will the West Coast refinery take off?

Will the West Coast refinery take off?

Rediff.com9 Jan 2020

BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest.

Will Indian Railways be privatised?

Will Indian Railways be privatised?

Rediff.com31 Dec 2019

Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with the government.

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Rediff.com25 Dec 2019

The new board will have a leaner structure on functional lines headed by the chairman and four members - covering infrastructure, operations and business development, rolling stock, and finance.

Railways in talks with Reliance Jio on tower use

Railways in talks with Reliance Jio on tower use

Rediff.com23 Dec 2019

Indian Railways is in talks with Reliance Jio Infocomm to allow the Mukesh Ambani-led telecom major's use of its towers. The aim is seamless mobile and internet connectivity for passengers along the 67,368-km of tracks. The Railway Board has entrusted its RailTel Corporation arm to work on the modalities with Jio. The Jio tie-up is expected to bring down its telecom bill by at least 35 per cent from this financial year.

Subsidy on kerosene likely to go by FY21

Subsidy on kerosene likely to go by FY21

Rediff.com15 Oct 2019

A major reason for the decline in the consumption of kerosene was an increase in the number of LPG consumers in rural India after the government launched the Pradhan Mantri Ujjwala Yojana. in 2016.

How Saudi terror attack has hit Indian kitchens

How Saudi terror attack has hit Indian kitchens

Rediff.com4 Oct 2019

A shortfall in LPG supply from Aramco has led to huge booking backlog across states. To meet the backlog, India has asked Abu Dhabi National Oil Company for two additional cargos of LPG, but that may take another 10 days to reach.

Is India's LNG deal with US a risky affair?

Is India's LNG deal with US a risky affair?

Rediff.com3 Oct 2019

Majority of PLL's long-term deals are linked to crude, which faces price challenge from other fuels. Spot LNG is moving away from this linkage, which puts a question mark on crude linked contracts.

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Rediff.com20 Sep 2019

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's chief executive officer Igor Sechin and discussed raising crude imports from that country, in addition to talks about going for more acquisitions.

Robots can make Raebareli rail unit world's largest coach factory

Robots can make Raebareli rail unit world's largest coach factory

Rediff.com19 Sep 2019

Robots are now being used increasingly in the integrated-shell assembly line and robotic bogie-fabrication line. The unit may soon see its phase-II expansion, which will increase its capacity to 2,000 coaches.

Railways mulls private-run trains in the Delhi-Mumbai and Delhi-Howrah stretches

Railways mulls private-run trains in the Delhi-Mumbai and Delhi-Howrah stretches

Rediff.com10 Sep 2019

On these routes, the train speed would also be increased to above 160 kmph over the next four or five years by revamping the entire signaling, tracks and fencing.

Now, Indian Railway is going the EV way

Now, Indian Railway is going the EV way

Rediff.com3 Sep 2019

Railways is testing waters for locomotives to run on lithium-ion batteries, the most common ones used in electric vehicles.

What makes India a hotspot for global oil firms

What makes India a hotspot for global oil firms

Rediff.com21 Aug 2019

Experts say local demand, government policies in retail and refining sector are attracting foreign players.

3 state-run oil firms plan to deliver petrol at doorstep

3 state-run oil firms plan to deliver petrol at doorstep

Rediff.com20 Aug 2019

The fuel delivery scheme mainly targets consumers that buy in bulk.

Rail link between Kashmir and rest of India on fast track

Rail link between Kashmir and rest of India on fast track

Rediff.com20 Aug 2019

Of the 272-km Udhampur-Baramulla rail line, nearly 111-km stretch between Katra and Banihal is incomplete.

Vande Bharat dream on slow track; Train 20 may be shelved

Vande Bharat dream on slow track; Train 20 may be shelved

Rediff.com9 Aug 2019

Though bids for 43 Train 18 sets were invited first, orders for only three were given, including one for Spanish major CAF and Medha Group that supplied for the first Vande Bharat train.

Why Railways' transformation plan has gone off-track

Why Railways' transformation plan has gone off-track

Rediff.com1 Aug 2019

There was a plan to increase the Railways' revenue by augmenting carrying capacity. This target has, however, become the source of a bitter battle between two ministries - the railways and steel - and provoked serious arguments over the "Make in India" programme.

This is a reform-oriented Budget: Piyush Goyal

This is a reform-oriented Budget: Piyush Goyal

Rediff.com6 Jul 2019

'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'

Supermarkets in India may soon sell petrol, diesel

Supermarkets in India may soon sell petrol, diesel

Rediff.com25 Jun 2019

If the reforms are implemented, multi-brand retail majors such as Future Group and Reliance Retail might enter the fuel retail space.

Railways' massage plans finally go on track

Railways' massage plans finally go on track

Rediff.com10 Jun 2019

The Ratlam division of the national transporter is planning to provide head and foot massages to passengers in 39 trains originating from Indore railway

Biggest challenge facing Modi's Ujjwala Yojana

Biggest challenge facing Modi's Ujjwala Yojana

Rediff.com5 Jun 2019

One of the major challenges before the government is that the annual average refill by a PMUY consumer is 3.28 cylinders compared to seven for others.

3 in race to bag civil work contract of bullet train

3 in race to bag civil work contract of bullet train

Rediff.com5 Jun 2019

L&T, Ircon International and Tata Projects have showed interest in a tender issued by the National High Speed Rail Corporation, implementing agency for the project. The tender is for construction of stations, bridges, viaducts, maintenance depots and tunnels.

Another data mismatch! This time at the Railways

Another data mismatch! This time at the Railways

Rediff.com16 May 2019

A change in electrification criterion in April 2017, with retrospective effect, helped the government add "already electrified 3,090 rkm" to its credit.

'Congress is not serious about its fight against BJP'

'Congress is not serious about its fight against BJP'

Rediff.com5 May 2019

'The Congress's arrogance and unrealistic claims have weakened the anti-BJP movement at the national level.'

Major churn among top ranks at Vedanta Cairn

Major churn among top ranks at Vedanta Cairn

Rediff.com11 Apr 2019

The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements.

Vande Bharat Express: Love at first sight

Vande Bharat Express: Love at first sight

Rediff.com12 Mar 2019

The train has a lot to offer to its passengers: Silent run, fully-sealed gangway connecting two coaches, GPS-based passenger information system, modular bio-vacuum and disabled-friendly toilets, intelligent air conditioning that adjusts cooling according to the climate and closed-circuit television for safety.

Will HPCL, too, get the coveted Maharatna status?

Will HPCL, too, get the coveted Maharatna status?

Rediff.com11 Mar 2019

If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.

World's largest greenfield refinery may finally see the daylight

World's largest greenfield refinery may finally see the daylight

Rediff.com11 Mar 2019

Estimated to cost $44 billion, the project was expected to be commissioned by 2025.

What is the controversy over Vande Bharat all about?

What is the controversy over Vande Bharat all about?

Rediff.com7 Mar 2019

The Railway Board and employees at Integral Coach Factory in Chennai, makers of the train, are at loggerheads over the proposed transfer of design and reassigning the manufacturing of Train 18 to Modern Coach Factory in Raebareli.

Industries, airports near border on alert for war-like emergency

Industries, airports near border on alert for war-like emergency

Rediff.com27 Feb 2019

State governments in Punjab, Gujarat, Maharashtra and Jammu & Kashmir are on high alert and have come up with contingency plans to ensure the security of residents in case of a war.

How Vijayan came to be known as 'firm leader'

How Vijayan came to be known as 'firm leader'

Rediff.com5 Feb 2019

Kerala Chief Minister Pinarayi Vijayan has graduated from being a stalwart of the CPM to a 'strong' mass leader and arguably the 'most able administrator' that the state has seen in over three decades, reports Shine Jacob.

Oil PSUs may be allowed by Modi govt to bring in private players

Oil PSUs may be allowed by Modi govt to bring in private players

Rediff.com18 Jan 2019

The government was planning to come up with a new fiscal model giving 'special incentives' for fields that were given out on nomination to ONGC and Oil India, reports Shine Jacob.

Despite likely budgetary cut, railways eyes biggest ever capex of Rs 1.7 tn

Despite likely budgetary cut, railways eyes biggest ever capex of Rs 1.7 tn

Rediff.com3 Jan 2019

The Centre is likely to cut budgetary support to the railways by around Rs 5,000-10,000 crore for 2018-19, out of the total budgeted GBS of Rs 53,060 crore. Due to this cut in GBS, the railways is likely to depend more on borrowings, asset monetisation, and internal generation to meet the capex target of Rs 1.465 trillion for the current year.

Petrol, diesel prices likely to go up again

Petrol, diesel prices likely to go up again

Rediff.com11 Dec 2018

CARE Ratings, in a report, said it foresees an increase in the retail prices of petrol and diesel in the coming few days, depending on how the oil markets react in the reduction in supply from the cartel.

Railways to try out new signalling system

Railways to try out new signalling system

Rediff.com24 Nov 2018

Electronic devices installed along tracks provide train signals to a computer fitted in the locomotive. If a driver goes over the designated speed, a dashboard in front of him gives a red alert sign at first. Even after this, if the train continues its journey, the train's brake is automatically applied.

Railways to foray into education, convert hospitals to colleges

Railways to foray into education, convert hospitals to colleges

Rediff.com17 Nov 2018

Railway hospitals will offer postgraduate courses for medical students.

Why is Iran crude so important for India?

Why is Iran crude so important for India?

Rediff.com14 Nov 2018

One of the major advantages of buying Iran crude is the additional credit period of 90 days that the country gives to India, compared to 30 days by other countries.

Why it's not going to be a smooth ride for private oil retailers

Why it's not going to be a smooth ride for private oil retailers

Rediff.com9 Nov 2018

As fuel prices surged in September, the government's decision to ask companies to cut price by Rs1 each on a litre of petrol and diesel came as a dampner for private players.

Indian Railways to get special track for high-speed trials

Indian Railways to get special track for high-speed trials

Rediff.com7 Nov 2018

As the national transporter is planning to come out with semi-high speed routes where trains can clock an average speed of 160-200 kmph, dedicated testing becomes essential.

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