Global energy supermajor BP plc on Thursday said it is about to open its first 'Jio-bp' branded petrol pump in partnership with Reliance Industries near Mumbai.
Multilateral platforms are being misused to justify and protect perpetrators of terrorism, External Affairs Minister S Jaishankar said
India is poised to be the fastest-growing major economy in the world and an engine of global growth despite global headwinds, says leading industrialist and Aditya Birla Group Chairman Kumar Mangalam Birla. The economic activity in India has witnessed a sharp recovery to pre-pandemic levels on the back of a rapid and widespread rollout of the vaccination programme, Birla said in the latest annual report of UltraTech Cement Ltd. "A strong digital ecosystem, fiscal and monetary policy and various government schemes helped small and medium enterprises and the worst affected sections of the population to survive while reviving demand and bringing the economy back on track," said Birla while addressing UltraTech's shareholders.
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
Cheque payments will be safer; the limit for contactless card transactions hiked.
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American refiners closed some of their production, leading to futures trade benchmarked to the West Texas Intermediate going negative.
Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19. State-owned Indian Oil Corporation (IOC) and three other refiners have sought just 65 per cent of the monthly average of about 15 million barrels from Saudi Arabia in May, three sources with knowledge of the matter said. The move follows tensions between India and Saudi Arabia over the Kingdom's hawkish stance on boosting production to cool prices.
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
Paving the way for India and the United States to work together in enhancing global energy security, the Senate on Tuesday unanimously cleared a Bill seeking the diversification of sources of energy and stimulating development of alternative fuels.
The national budget 2019-20 had an outlay of Rs 10,000 crore for Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to boost electric mobility and increase the number of EVs in commercial fleets.
The firm would require it to more than triple its CAGR of revenue to 18.5% for the next decade from 6%
He said he spoke whatever he felt from within and added 'neither I dream it, nor there is any liaisoning, nor any PR'.
'The probability of this being a suckers' rally, where all kinds of beaten down stocks have begun to rally sharply, should be a time to be cautious and circumspect.'
Indian companies place orders worth $600 million for US crude, which is likely to increase by nearly $2 billion in the near future.
Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman
In the next three years, Tata Power will invest anywhere between $150-200 million.
In the second and final part of this interview, energy and coal industry expert Sunjoy Joshi tells Sheela Bhatt/Rediff.com that we need to take a comprehensive view of the entire energy sector and how piecemeal reform won't take us very far.
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'Earlier compensation was less, but we have increased compensation four fold. As a result, farmers want to give up their land.' 'Infrastructure projects will create 50 lakh jobs. If today we are building 14 km of road per day, by next March, we hope to take it up to 30 km. My own hope is we can take it to 100 km per day.' 'The government's ambitious Sagarmala project aims to develop port infrastructure along the country's 7,500 km coastline. The project includes modernisation of our ports and islands, setting up of coastal economic zones, new major ports and fish harbours.'
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
