Category: industry
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India imported 4.3% less crude oil in April this year, yet the bill still up 50% as prices soar
LNG imports declined about 30% on a year-over-year basis with the import bill for the same dipping one-fourth
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Will buy Russian oil despite U.S. waiver expiry provided it makes commercial sense: Official
U.S.’ waiver on purchasing Russian oil expired May 16
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India’s gems, jewellery exports down 9.07% in April at $2,226.45 million
Gold jewellery exports was down 21.77% to $841.54 million in April, compared to $1,075.67 million for the same period last year
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Latest fuel hike can only add ₹4,449 crore in a month to cover for OMC losses
India’s consumption of petrol rose 6.36% in April compared with the same month last year, whilst that of diesel stayed nearly flat
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U.S. to drop graft charges against Gautam Adani: NY Times
Gautam Adani was alleged in November 2024 to have agreed to pay more than $250 million in bribes to Indian officials for lucrative solar-energy supply contracts
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Cabinet approves ₹37,500 crore package to boost coal gasification
India holds the target of gasifying 100 million tonnes of coal by 2030
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Tech industry follows well-established hybrid work models: Nasscom in response to PM Modi’s call for work from home
“In light of the ongoing tensions in West Asia, companies have already adopted prudent energy management measures across campuses,” Nasscom said
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India to tap augmented solar capacity, coal to weather El Nino, summer-related power demand
When India attained its peak demand for power on April 25, solar plants accounted for 21.5% of the power generated while coal plants stood at 66.9%
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Empty LNG ship from India heads into Strait of Hormuz for loading in UAE’s Das Island
Umm Al Ashtan is among the first instance since the war started that an empty ship in ballast condition is sailing upstream of the Strait of Hormuz
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India’s crude oil imports declined nearly 17% in March, says data
Amidst India’s push for piped gas, LNG imports increased 20.5% in March.