Indian Oil continues its Russian oil imports, guided by economic factors and the absence of explicit government directives. Despite potential US penalties and ongoing Trump-Putin talks regarding Ukraine, the company maintains a steady 22% share of Russian crude in its refining process. The decision hinges on economic viability, with Russian oil currently offered at a…
India will launch formal carbon credit trading in four months, Power Minister Manohar Lal announced, marking a key step toward building a structured carbon market. The government has already laid out the framework under the Carbon Credit Trading Scheme, which includes both compliance and voluntary markets.
India-Russia oil trade: Even January’s low is well above pre-war levels. More significantly, according to traders and refiners, volumes could rebound as unsanctioned suppliers squeeze in and a vast number of new trading intermediaries appear.
Coal India plans a significant investment of Rs 3,300 crore for eight new coking coal washeries. This initiative aims to enhance domestic coal quality and decrease reliance on imports. The new facilities, with a combined capacity of 21.5 million tonnes per year, are expected to be operational by FY30.
Lenders to Jaiprakash Power Ventures are planning to sell their ₹3,800 crore investment in the company, acquired during a debt restructuring in 2019. This sale of compulsorily convertible preference shares would give the buyer a 25% stake, potentially leading to a controlling 51% stake after an open offer. ICICI Bank is leading the creditor group…
It has been nine years since Digiconomist was first launched with the objective of “exposing the unintended consequences of digital trends.” For a big part of these nine years, the sustainability of digital assets such as Bitcoin has been a key focus of the research by Digiconomist. However, in 2022 and 2023 a new digital…
The United States has sanctioned six Indian companies. These companies are accused of importing petrochemicals from Iran. The sanctioned companies are based in Chennai and Mumbai. The US alleges these firms violated sanctions on Iranian products. The Iranian embassy in India has criticized the US action. They claim the US is weaponizing the economy against…
Indraprastha Gas Limited has increased compressed natural gas prices again. This is the second hike in two days. Commuters in Delhi-NCR will now pay more for fuel. CNG in Delhi now costs Rs 80.09 per kg. Noida and Ghaziabad rates are Rs 88.70 per kg. Gurugram’s new rate is Rs 84.12 per kg.
Russia is attempting to sell natural gas from its sanctioned facilities to South Asian nations. These offers come at a significant discount through intermediary firms. Sellers are reportedly willing to provide documentation to disguise the origin of the gas. This comes as global gas supplies face disruptions, forcing countries like Bangladesh and India to seek…
Fuel prices in India could see a significant increase. State-run oil companies may have to raise petrol and diesel rates further if crude oil prices stay high. This is due to ongoing disruptions in the Strait of Hormuz. Even after a recent small hike, refiners face substantial under-recoveries. Further price revisions are likely unless oil…