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Tough performance rules cast cloud on clean power

new delhi, May 2 -- Aregulatory effort to keep the national power grid stable and make green power more reliable may wreck the revenues of producers and potentially lead to tariff hikes, industry exec... Read More


Government lowers export duty on diesel, ATF

New Delhi, May 1 -- The ministry of finance has lowered the export duty on diesel to Rs.23 per litre and that on jet fuel to Rs.33 per litre with effect from Friday, 1 May. For the past two weeks, th... Read More


Crude nears $120 as Trump signals Hormuz blockade to continue

New Delhi, April 30 -- Global oil prices extended gains on Thursday, after a sharp 7% jump in the previous session, as the US's stance on Iran stoked fears of prolonged supply disruptions. Brent crud... Read More


Govt working on resuming Shipping Corp of India's maritime services to West Asia

New Delhi, April 29 -- India is working on a plan to revive the Shipping Corp. of India's (SCI) maritime services to West Asia, in a move aimed at supporting domestic exporters and bolstering the supp... Read More


Solar glut sinks power prices to near zero on exchanges, exposes structural gaps

New Delhi, April 29 -- Even as India's electricity demand hit record highs in April, power prices crashed to near-zero during peak solar hours during the month-a paradox driven by too much renewable e... Read More


Hormuz stalemate keeps oil prices elevated, Brent nears $110

New Delhi, April 29 -- Global oil prices rose early Tuesday as the US and Iran remained at odds over ending the war and reopening the Strait of Hormuz, a key global energy chokepoint. At 8.35 pm, the ... Read More


Oil churn: How the UAE's exit from Opec may benefit New Delhi

New Delhi, April 28 -- The UAE's exit from the global oil cartels may be good for India, the world's third-largest oil buyer, sector experts said. The exit comes at a time when the Organization of Pe... Read More


Hormuz stalemate keeps oil prices elevated, Brent nears $110

New Delhi, April 28 -- Global oil prices rose early Tuesday as the US and Iran remained at odds over ending the war and reopening the Strait of Hormuz, a key global energy chokepoint. At 8.35 PM, the... Read More


Oil jumps over 1% as US-Iran talks stall, Hormuz blockade deepens crisis

New Delhi, April 27 -- International oil prices rose over 1% on Monday morning amid a stalemate in US-Iran peace talks, intensifying concerns over supply disruptions through the Strait of Hormuz. At ... Read More


Oil prices up 1% amid continued stalemate on US-Iran talks, closure of Strait of Hormuz

New Delhi, April 24 -- Global crude oil prices continued to trade higher on Friday morning amid ongoing supply disruptions through the Strait of Hormuz and little progress in US-Iran peace talks. At ... Read More