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No bailout package for OMCs amid high energy prices: official

New Delhi, May 11 -- There is no proposal to provide a bailout package or fiscal support to oil marketing companies (OMCs) despite mounting losses on fuel sales, said Sujata Sharma, joint secretary, p... Read More


Power prices hit zero for first time on 1 May as demand dips but supply climbs

New Delhi, May 3 -- India's power prices on electricity exchange hit zero for the first time on Friday, 1 May, raising concerns for investors and developers as the country moves towards its target 500... Read More


India's peak power demand hits record high of 256GW amid soaring temperatures

New Delhi, April 26 -- India's peak power demand surged to an all-time high of 256GW on Saturday as intense heatwaves across northwest and central regions drove up the use of cooling appliances, pushi... Read More


India taps new sources to plug fertilizer gap ahead of kharif season

New Delhi, March 30 -- India currently has around 18 million tonnes (mt) of fertilizer in stock, compared with the 39 mt required for the upcoming kharif season starting in June, a senior government o... Read More


India sets up seven empowered groups to tackle West Asia war squeeze

New Delhi, March 24 -- Prime Minister Narendra Modi has said that the Centre has constituted seven empowered groups of officials and experts to assess the impact of the war in West Asia and take remed... Read More


India in talks with global partners for safe passage for vessels carrying essential commodities via Strait of Hormuz: PM

New Delhi, March 23 -- Prime Minister Narendra Modi on Monday said New Delhi is in talks with global partners to secure safe passage for all India-bound vessels carrying essential commodities, while c... Read More


India starts selective fuel price hikes as oil goes past $100, industrial diesel up Rs.22 per litre, premium petrol Rs.2

New Delhi, March 20 -- As the West Asia conflict drives crude prices above $100 a barrel, India has begun a calibrated pass-through of the shock-raising prices of select fuels while holding the line o... Read More