Tag Archives: gasoline

Oil falls after China releases reserves of gasoline, diesel

TOKYO: Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while investors unwound long positions ahead of an OPEC+ meeting on Nov. 4. China released reserves of the two fuels to … Continue reading

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Government approves additional compensation to FACT

NEW DELHI: Government today approved the continuation of additional compensation to state-run FACT for for producing complex fertilisers using Naphtha as feedstock for a specific period under the Nutrient Based Subsidy policy. “The approval has been given by the Cabinet … Continue reading

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India revives its plans to set up fertiliser plant in Iran

NEW DELHI: India has revived its plan to set up a fertiliser plant in Iran with an investment of about Rs 5,000 crore and has asked the Persian gulf nation to offer long term gas contract for manufacturing the soil … Continue reading

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German firm Passavant Energy & Environment bags wastewater treatment project in Punjab

DUBAI: Passavant Energy & Environment, a wholly-owned subsidiary of Drake & Scull International (DSI) PJSC of Germany, has signed two contracts for a combined value of $28 million (103 million dirhams) for the construction and operation of two wastewater treatment … Continue reading

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We are going through pain, but preparing for the turnaround: Sunil Mathur, Siemens India CEO

By Rachita Prasad, Ashutosh Shyam and Arijit Barman MUMBAI: He is the first Indian to head the storied German engineering major Siemens’s India business. Better still, he is also one of the few finance executives to get the top job … Continue reading

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Essar Projects wins Rs 70 crore contract in Gujarat

NEW DELHI: Essar Projects on Tuesday said it has secured a Rs 70-crore contract in Gujarat for construction of a sewage treatment plant. The company said it is a path-breaking project since it incentivises sale of treated water to industries. … Continue reading

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Daikin eyeing 20% revenue growth this fiscal

NEW DELHI: Japanese airconditioner maker Daikin is looking at 20% growth in its turnover this fiscal on account of innovative range of products. “We are aiming to grow 20% this financial year,” Daikin Airconditioning India Managing Director K J Jawa … Continue reading

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IOC, BPCL, HPCL to go for round III of fuel price cuts, reduction likely on November 15

NEW DELHI: State oil firms plan to cut petrol rates for the seventh time since June and diesel for the third time since the fuel was decontrolled on October 18 as Indian consumers gain from the sharp fall in global … Continue reading

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debt markets | Inflation spike set to pile more misery on Indian bond investors

By Anirban NagIndia’s retail inflation accelerated more than estimated, giving ammunition to hawks in the central bank’s rate-setting panel for tightening policy and potentially adding to the woes of bond investors. Consumer prices rose 4.6 percent in April from a … Continue reading

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Crude oil | Crude oil in danger of falling to $40 if Opec fails to extend output cuts

By Harshal Barot Oil prices were up for a second straight week as speculation ahead of the Opec meeting helped prices recover. The primary trigger for the market was the announcement last week that Saudi and Russia will extend the … Continue reading

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