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Trump says India will halt Russian oil. But that's unlikely

New Delhi, Feb. 3 -- US President Donald Trump has claimed that India has agreed to stop Russian oil purchases as part of a long-pending bilateral trade deal, but analysts and refiners said that an im... Read More


India's manufacturing PMI rebounds in Jan

New Delhi, Feb. 3 -- India's manufacturing activity ticked up in January after slipping to a two-year low a month earlier, but business confidence sank to its weakest level in more than three years, a... Read More


Engineers India in talks to develop Guyana's first oil refinery, says CMD Vartika Shukla

New Delhi, Feb. 3 -- Engineers India Ltd (EIL) is in talks with the government of Guyana to help build its first oil refinery, CMD Vartika Shukla said in an interview, a step that could deepen energy ... Read More


India manufacturing PMI rebounds in January, confidence sinks to 3.5-year low

NEW DELHI, Feb. 2 -- India's manufacturing activity ticked up in January after slipping to a two-year low a month earlier, but business confidence sank to its weakest level in more than three years, a... Read More


Budget allocates Rs.18,000 crore for power distribution reform

New Delhi, Feb. 2 -- The Union government has allocated Rs.18,000 crore in the budget for FY27 for the revamped distribution sector scheme (RDSS) amid a renewed push to reform the power distribution s... Read More


Budget 2026: Centre to restructure Power Finance Corp., REC

New Delhi, Feb. 1 -- The Centre will restructure power sector-focused financial institutions, Power Finance Corp. Ltd and REC Ltd, Union finance minister Nirmala Sitharaman said in her Budget 2026 spe... Read More


Budget 2026: Rs.20,000 cr incentives for carbon capture, utilization, storage

New Delhi, Feb. 1 -- The Centre will roll out a scheme to incentivize the carbon capture, utilization, and storage (CCUS) technologies with an outlay of Rs.20,000 crore for a period of five years, Uni... Read More


Canada back in play: Indian Oil to double down on assets as ties improve

Panaji, Jan. 30 -- Indian Oil Corp. plans to step up exploration and production activity in Canada and explore sourcing crude oil and liquefied natural gas from the country, as India and Canada move t... Read More


Energy pivot: India explores US liquefaction investments, Japan upstream tie-ups, says Hardeep Puri

New Delhi, Jan. 30 -- In a bid to deepen energy partnership with the US amid a volatile geopolitical backdrop, Indian oil and gas companies are exploring investments in natural gas liquefaction facili... Read More


ONGC to offload stake in petchem arm OPal, eyes global investors

Panaji, Jan. 30 -- State-run Oil and Natural Gas Corp. plans to come up with a global tender for selling stake in its petrochemical subsidiary, according to a top executive. ONGC Petro additions (OPa... Read More