First, there has been a significant softening in commodity prices - most notably oil.
Oil and gas players' wish list includes incentivising E&P investments and reintroduction of income tax holiday for exploration and production activities, among others.
Piyush Goyal emphasised that India is committed to pursue a green path to growth.
Re-instatement of 5% custom duty on crude imports will help.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
Govt unlikely to cut excise duties to compensate for higher global prices, say analysts.
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
Pradhan said a National Data Repository which will store information on all sedimentary basins of the country is being pursued on top priority.
Indian basket at 6-month low of $49.11 a bbl
The government has to take a call on reducing or retaining the excise rate.
Emission norms for automobile industry should be tightened.
There is merit in considering whether merchandise exports can be facilitated by halting if not reversing the rupee's appreciation, says T N Ninan.
Reliance Industries on Friday reported a 41.5 per cent jump in its third quarter net profit as oil, retail and telecom businesses fired on all cylinders. Net profit of Rs 18,549 crore in October-December compared with Rs 13,101 crore a year back, the company said in a stock exchange filing. Income from operations rose to Rs 1.91 lakh crore from Rs 1.28 lakh crore.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
While good news from several quarters has been trickling in, El Nino might be a dampener, says T N Ninan.
A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets, says Akash Prakash.
The Kolkata-based coal miner has tied up with the US-based Advance Resource International Inc for exploration and identification of the potential shale deposits within the company's coal blocks.
At the 45th Annual General Meeting of Reliance Industries (RIL) in August, chairman and managing director (CMD) Mukesh Ambani described the company as an "unputdownable book" with never-ending chapters of success. "Reliance grew from strength to strength because we internalised the founder's mindset of purpose, philosophy and passion," he said. Wednesday marked the 90th birth anniversary of RIL founder Dhirubhai Ambani.
The company's investments in telecom business reached 15-20% of capital employed.
With rest of the world showing no signs of growth and headwinds ahead for US growth, chances are that we might continue to see central banks pumping money into their economies
The acquisition of stake in Progress Energy Resources Corp for 1 billion Canadian dollars ($900 million) mark IOC's maiden entry into North America.
Arunabha Ghosh on why India will increasingly become an energy great power, but not an energy hegemon.
If elected president, the Republican nominee said he would declare China a currency manipulator, cancel payments to United Nations for combating climate change and renegotiating NAFTA.
The acquisition of stake in Progress Energy Resources Corp's shale gas assets and Pacific NorthWest LNG for 1 billion Canadian dollars ($900 million) marks IOC's maiden entry into North America.
Equity markets will look for directions from global trends, ongoing quarterly earnings and investment patterns of foreign institutional investors (FIIs) in a holiday-shortened week ahead and may encounter volatility amid the scheduled monthly derivatives expiry, according to analysts. Equity markets will remain closed on Wednesday on account of 'Republic Day'. "This week is a holiday-shortened one and it's going to be critical due to the list of events and data that are lined up.
The order would ensure that the US fully collects all duties imposed on foreign importers that "cheat".
Further deterioration of the US-Saudi relationship will have geo-economic and geopolitical effects, says Nitin Pai.
Governments encouraged motorists to switch to diesel in the belief that its superior fuel economy would outweigh the higher pollutants per litre burned.
Reliance Industries Ltd's $7.2 billion asset sale to BP PLC has given it the firepower to expand more aggressively overseas, potentially pitching it into competition with Asian rivals for big oil and gas deals.
The rise in bond yields would make it difficult for banks to pass on rate cuts as except for retail loans, most of their legacy portfolio are linked to marginal cost based lending rate, which takes into consideration bond yields.
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
State-run Indian Oil Corporationon Tuesday said that it has earmarked $1 billion for the acquisition of good-quality producing or developing E&P assets abroad.
Companies write off investments, shed assets as initial projections go haywire
The agency said the rating revision to stable with apositive outlook reflects continuing strong financial and operating performance.
Tata Steel, others sell assets abroad after taking massive impairments.
Emerging markets and Asia may be first in the firing line
The numbers hidden behind the results tell a story of zero-return businesses and lower prospects for the core units
The shift comes as the gap between the international benchmark Brent and the Middle East price marker narrows
'Even if someone other than Trump had become president, the US distancing from Pakistan and coming closer to India was already set in motion.' 'With Trump openly declaring his intent to take on Islamic extremism, the days of US political correctness are over,' says Colonel (Dr) Anil A Athale (retd).
Indian companies place orders worth $600 million for US crude, which is likely to increase by nearly $2 billion in the near future.
