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India to Roll Out E85 Fuel as Government Steps Up Efforts to Reduce Oil Imports
New Delhi, June 05: India is set to take another major step in its clean-fuel transition with the launch of E85 petrol, a fuel blend containing around 85 per cent ethanol.
The move is aimed at reducing the country's dependence…
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India’s oil imports from Venezuela to get boost as Modi, Delcy discuss energy cooperation
New Delhi, June 4: India's oil imports from Venezuela, suspended since 2020, are expected to get a boost along with trade in critical minerals and other items as the way in this regard was paved today during talks between Prime…
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Number of ethnol-dispensing stations to be increased to 5000 by next year: Oil Minister
New Delhi, June 4: The number of ethanol-dispensing stations is expected to rise to 500 by the end of this year and to 5,000 by next year, according to Petroleum and Natural Gas Minister Hardeep Singh Puri.
He said the government is…
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LPG sales declined sharply in May; Petrol, diesel consumption increased: Data
New Delhi, June 4: Amidst huge pressure on the fuel supplies, the sale of LPG by State-run oil companies declined sharply by 24 per cent in the month of May on year-on-year basis but consumption of petrol and diesel saw a strong growth.…
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‘Viksit Bharat’ Target: India will need investments of Rs 650 crore by 2047: SBI chief
New Delhi, June 4: India will need investments to the tune of nearly Rs 650 lakh crore by 2047, the target year of achieving the 'Viksit Bharat' dream, according to Chairman of State Bank of India (SBI) C.S. Shetty.
Out of this amount,…
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RBI sold Gold worth $12 billion, claims report; Bank refutes
New Delhi, June 3: A media report today claimed that Reserve Bank of India (RBI) has sold gold worth 12 billion dollars in a span of two weeks but the central bank of the country termed it "not correct".
Bloomberg Economics analysis said…
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Practice of providing towels on trains may be ended in AC-II & AC-III classes
By Arun Kumar Das
New Delhi, June 3: Faced with the problem of theft of hand towels among other items on trains, the Indian Railways is actively considering stoppage of providing this item, except in AC First Class.
The Railways has…
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India’s Fuel Exports Fall 31% In May, Hit Lowest Level Since October 2022
New Delhi, June 02: India’s fuel exports witnessed a sharp decline in May, falling 31 per cent year-on-year to their lowest level since October 2022, reflecting weaker global demand and changing refinery economics.
The drop in exports…
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ED Conducts Searches at Vedanta Premises In FEMA Probe
New Delhi, June 02: The Enforcement Directorate (ED) today conducted searches at various facilities of the Vedanta Group in connection with charges of Foreign Exchange Management Act (FEMA) violations.
At least four premises of the…
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RBI Likely To Keep Repo Rate Unchanged In June Policy Review, Economists Expect Hikes Later In FY27
New Delhi, June 02: The Reserve Bank of India (RBI) is expected to maintain the benchmark repo rate in the upcoming June monetary policy review, according to a poll of economists and treasury heads.
While most experts believe the central…
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