News for 'State for Petroleum and Natural Gas'

Can India evade US's Iran oil sanctions?

Can India evade US's Iran oil sanctions?

Rediff.com24 Apr 2019

Whatever be India's course of action, it will have an impact on India-Iran ties, notes Aveek Sen.

India-China: What's cooking?

India-China: What's cooking?

Rediff.com18 Jun 2019

'The fact that Modi and Xi exuded confidence to accelerate the negotiations for a border settlement alone underscores that the Russia-India-China triangle has become very dynamic,' notes Ambassador M K Bhadrakumar.

2022 poll outcome to decide BJP's fate on third term at Centre

2022 poll outcome to decide BJP's fate on third term at Centre

Rediff.com30 Dec 2021

As the new year arrives, the Bharatiya Janata Party's finds itself on the cusp of the most consequential cycle of state polls since the 2019 Lok Sabha elections as the results will tell if the road ahead in its bid for a third straight term at the Centre is getting any bumpier or a strong opposition challenge remains elusive.

Tata group firms jump ahead of CPSUs in m-cap race

Tata group firms jump ahead of CPSUs in m-cap race

Rediff.com10 Jan 2022

The Tata group companies are now more valuable than all the listed central public sector undertakings (CPSUs) or companies in the country. The key 20 listed Tata companies ended the 2021 calendar year with a combined market capitalisation of Rs 23.36 trillion, ahead of the 70 listed CPSUs, which had a combined m-cap of Rs 23.2 trillion. In comparison, these CPSUs had a combined market capitalisation of Rs 16.7 trillion at the end of December 2020 against the Tata group firms' combined m-cap of Rs 15.7 trillion.

Naga peace process: What next?

Naga peace process: What next?

Rediff.com30 Oct 2019

'NSCN-IM leader Muivah warns that the NSCN-IM has come very close to an honourable solution to the peace process with the Government of India, but if it does not materialise, then the Nagas will go away so far that it would be difficult to bring them back to the negotiating table easily,' note Sandeep Pandey and Meera Sanghamitra.

ONGC's flat profit worries as growth financing eyed

ONGC's flat profit worries as growth financing eyed

Rediff.com13 Nov 2013

ONGC is raising debt for a spate of acquisitions over the past year

Monthly rise in kerosene price to turn around oil sector's fortunes

Monthly rise in kerosene price to turn around oil sector's fortunes

Rediff.com14 Jul 2016

Inclusive of the July hike of 25 paise, a monthly increase of similar amount would result in a saving of Rs 2.25 a litre for the current financial year alone.

What Gadkari is doing to end India's fuel crisis

What Gadkari is doing to end India's fuel crisis

Rediff.com13 Sep 2016

India annually spends Rs 4.5 lakh crore on importing petroleum products, and Transport Minister Nitin Gadkari feels methane is a cost-effective import substitution. But is it? Pallava Bagla examines the pros and cons.

BPCL privatisation: How long will govt wait for the right suitor?

BPCL privatisation: How long will govt wait for the right suitor?

Rediff.com19 Jan 2022

In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.

Govt 'extorting' people with fuel price hikes: Sonia

Govt 'extorting' people with fuel price hikes: Sonia

Rediff.com29 Jun 2020

She charged the government with profiteering at the expense of the people, saying its duty was to help them in times of crisis and not make profits out of their hard-earned money.

ONGC, Oil India to buy 10% stake in Indian Oil Corp

ONGC, Oil India to buy 10% stake in Indian Oil Corp

Rediff.com6 Mar 2014

State-owned ONGC and Oil India Ltd (OIL) are likely to buy a 10 per cent stake in Indian Oil Corp (IOC) from the government at Rs 220 per share, aggregating about Rs 5,300 crore (Rs 53 billion).

How Covid took devastating turn in 2021

How Covid took devastating turn in 2021

Rediff.com29 Dec 2021

A second wave of Covid driven by the Delta variant engulfed the country in May-June bringing the health system to its knees and leaving people gasping for help.

Can RBI Win The War On Inflation?

Can RBI Win The War On Inflation?

Rediff.com13 Sep 2023

'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'

PHOTOS: PM Modi pays tribute to Ambedkar at Deekshabhoomi

PHOTOS: PM Modi pays tribute to Ambedkar at Deekshabhoomi

Rediff.com14 Apr 2017

Taking forward the Bharatiya Janata Party's aggressive dalit outreach, Prime Minister Narendra Modi on Friday flew into Nagpur to pay homage to Bhimrao Ambedkar at 'Deekshabhoomi'.

UN imposes fresh sanctions on North Korea

UN imposes fresh sanctions on North Korea

Rediff.com12 Sep 2017

US Ambassador to the UN, Nikki Haley said these are by far the strongest measures ever imposed on North Korea.

Crude oil cheaper than drinking water

Crude oil cheaper than drinking water

Rediff.com11 Jan 2016

The public has benefited from this decline in crude oil, which has translated into lower prices of petrol and diesel.

Initial difficulties likely over GST, says Jaitley

Initial difficulties likely over GST, says Jaitley

Rediff.com27 Jun 2017

"To begin with, people could face some difficulties because any changeover has its own problems. But it will settle down and the country will benefit from the new indirect tax regime," Jaitley said at an event organised by ABP News.

Najeeb Jung: The man who may run Delhi

Najeeb Jung: The man who may run Delhi

Rediff.com13 Dec 2013

If an elected government had been sworn in, Jung's tenure and the government would have been more or less co-terminus and Jung would have been just the ceremonial head of Delhi. Now, he will run Delhi, pending another round of assembly elections, says Aditi Phadnis

Rising oil prices may leave Rs 14k-cr gap in fuel subsidy

Rising oil prices may leave Rs 14k-cr gap in fuel subsidy

Rediff.com7 May 2015

Government's fuel subsidy estimate was based on crude oil at $70.

The ministers who have Modi's ear

The ministers who have Modi's ear

Rediff.com7 Sep 2016

Nitin Gadkari is the rising star, Arun Jaitley commands respect while minister of state Dharmendra Pradhan seems to be the PM's new favourite.

BJP targets Rahul, says Cong engaging in doublespeak

BJP targets Rahul, says Cong engaging in doublespeak

Rediff.com8 May 2015

The BJP accused the Congress leader of playing politics in the matter.

RIL agrees for CAG audit on KG-D6

RIL agrees for CAG audit on KG-D6

Rediff.com20 Nov 2014

CAG, in the third round of audit of KG-D6 as well as three other oil and gas fields, on November 11 wrote to RIL seeking records to audit spending in 2012-13.

'Defeat BJP' call raised at mega farmer event in poll-bound UP

'Defeat BJP' call raised at mega farmer event in poll-bound UP

Rediff.com5 Sep 2021

Referring to Modi, Adityanath and Union Home Minister Amit Shah as 'outsiders', the farmer leader said he has no objection if they become prime ministers after winning polls from Uttarakhand or Gujarat.

PowerMin puts media under lens; entry, meetings restricted

PowerMin puts media under lens; entry, meetings restricted

Rediff.com12 Sep 2014

On Monday, a journalist sat through a closed-door meeting between Goyal and state power ministers, in the guise of an event manager.

WPI inflation eases to 2.47% in March on cheaper food items

WPI inflation eases to 2.47% in March on cheaper food items

Rediff.com16 Apr 2018

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

ONGC topples RIL to become highest ranked Indian energy firm

ONGC topples RIL to become highest ranked Indian energy firm

Rediff.com29 Oct 2014

Cairn India is 25th on the list with 22.2 per cent CGR.

10 Most Popular Stocks

10 Most Popular Stocks

Rediff.com2 May 2022

10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.

After HRD, now Smriti Irani out of government panel

After HRD, now Smriti Irani out of government panel

Rediff.com19 Oct 2016

Union Ministers Smriti Irani and D V Sadananda Gowda have been dropped from Inter-State Council, official sources said on Wednesday.

What GST Council will likely discuss in its June meet

What GST Council will likely discuss in its June meet

Rediff.com27 May 2019

The focus will be on tackling the unfinished agenda requiring immediate attention like tax structure for solar projects, uniform tax rate on state-organised and state-authorised lotteries, taxing non-potable alcohol besides certain changes in the law, extension for NAA and rate rationalisation.

India to trim oil imports from Iran by 13% next fiscal

India to trim oil imports from Iran by 13% next fiscal

Rediff.com14 Jan 2014

India plans to further cut imports from Iran by 13 per cent next fiscal even though easing of US and western sanctions has made buying crude oil from the Persian Gulf nation easier.

DoT gives telcos breathing space on AGR non-payment

DoT gives telcos breathing space on AGR non-payment

Rediff.com23 Jan 2020

Bharti Airtel and Vodafone Idea have communicated to the telecom department that they will not pay AGR dues of Rs 88,624 crore, the deadline for which ended on Thursday, and will wait for the outcome of modification petition listed for hearing before the Supreme Court next week, according to official sources. Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source.

Ministry assures, India won't face any oil shortage

Ministry assures, India won't face any oil shortage

Rediff.com16 Sep 2019

A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven oil prices to their highest level in nearly four months. The attack has knocked out over half of Saudi Arabia's production as it cut 5.7 million barrels per day or over 5 per cent of the world's supply.

Silver lining for RIL shareholders in $1.5 billion penalty

Silver lining for RIL shareholders in $1.5 billion penalty

Rediff.com5 Nov 2016

Over the past decade, RIL has never announced lesser dividend to its shareholders even when faced with lower profits

Govt's petro bill turns a headache

Govt's petro bill turns a headache

Rediff.com21 Nov 2012

Earnings fall, even as fuel subsidy outgo set to climb new high of close to Rs 1,00,000 cr.

Global consensus must to provide affordable energy to all: Modi

Global consensus must to provide affordable energy to all: Modi

Rediff.com11 Apr 2018

The world, he said, needs to move towards a transparent and flexible market for both oil and gas.

Why costly diesel is a bigger worry than petrol

Why costly diesel is a bigger worry than petrol

Rediff.com8 Mar 2021

While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.

GST: 29 more items and 54 services just got cheaper

GST: 29 more items and 54 services just got cheaper

Rediff.com18 Jan 2018

The Council also discussed process to make return filing simpler with just one return to be filed every month.

GoM meet on Telangana ends; AP assured of fairness

GoM meet on Telangana ends; AP assured of fairness

Rediff.com11 Oct 2013

The Group of Ministers on Telangana met for the first time on Friday with an assurance that the concerns of Andhra Pradesh would be addressed with "fairness and objectivity".

RIL regains top slot in Platts global ranking, elbows out ONGC

RIL regains top slot in Platts global ranking, elbows out ONGC

Rediff.com28 Oct 2015

Reliance Industries has regained the top slot among Indian energy companies on the Platts global list

India, Russia against 'outside influence' in internal matters: Modi

India, Russia against 'outside influence' in internal matters: Modi

Rediff.com5 Sep 2019

His remarks without naming any country came against the backdrop of tension between India and Pakistan after New Delhi revoked Jammu and Kashmir's special status.