By Nidhi Verma NEW DELHI (Reuters) – Russia’s Sakhalin-1 project is expected to begin liquefied natural gas (LNG) production in 2028, according to the managing director of Indian firm holding a stake in the project. India’s ONGC Videsh holds 20% stake in Sakhalin-1 project in Russia, operated by Exxon Mobil with a 30% stake. “Sakhalin-1…the …
LNG output from Russia’s Sakhalin-1 planned for 2028 – ONGC Videsh Read More »
By Aditi Shah NEW DELHI (Reuters) -IndiGo, India’s biggest airline, expects its revenue to recover from April this year as demand for travel rebounds, its CEO Ronojoy Dutta said on Friday, after the carrier reported its first quarterly profit in two years. Airlines, whose profits have been ravaged by the coronavirus pandemic over the last …
India’s top airline IndiGo returns to profit after two years amid strong demand Read More »
BENGALURU (Reuters) -Indian shares ended lower on Friday on losses in banks and Reliance Industries, taking the shine off a week in which the government’s high-spending budget powered the blue-chip indexes to their first weekly gain in three. The blue-chip NSE Nifty 50 index fell 0.25% to 17,516.3 and the S&P BSE Sensex slipped 0.24% …
By Nidhi Verma NEW DELHI (Reuters) – Global energy major ExxonMobil is looking at signing more long-term gas sales deals with India as rising spot prices have added to the appeal of longer duration contracts. “We’re certainly happy to work with our friends and partners in India to sign the kind of long-term contracts that …
Exxon eyes more long-term gas supply deals with India Read More »
By Nidhi Verma NEW DELHI (Reuters) – Oil and gas will continue to meet the ‘baseload’ energy demand of India in “foreseeable future” even as the world’s third biggest crude importer takes steps to move to cleaner sources to cut emissions, oil minister Hardeep Sing Puri said on Friday. India has set a goal to …
Oil and gas will keep meeting India’s ‘baseload’ energy demand- oil minister Read More »
CHENNAI (Reuters) – India’s top power producer NTPC Ltd could build new coal-fired power plants if needed, the state-run company’s Chairman Gurdeep Singh said on Friday. “We should not be shying away. If there is a requirement, we may have to go for new coal-based power plants,” Singh said. Singh also said that the company …
India’s NTPC could build new coal-fired power plants if needed, says chairman Read More »
By Sudarshan Varadhan BENGALURU (Reuters) – Coal India Ltd, the world’s largest coal miner, plans to directly export output to neighbouring countries, according to sources and documents seen by Reuters, after decades of exclusively supplying domestic consumers. The state-run company plans to export to Bangladesh, Nepal and Bhutan, according to a draft policy sent to …
Exclusive-India’s state coal giant plans bulk exports for first time Read More »
BENGALURU (Reuters) – Private equity group Advent International is evaluating a 75 billion rupee ($1.00 billion) investment in India’s Yes Bank to further capitalise it, the Economic Times daily reported on Friday, sending shares of the private-sector lender by up to 3%. Advent is conducting due diligence and may form a consortium, the report said, …
PE firm Advent eyeing $1 billion investment in India’s Yes Bank – Economic Times Read More »
By Kavya Guduru (Reuters) – Gold prices fell on Thursday, weighed down by a spike in U.S. Treasury yields and growing expectations of an aggressive U.S. interest rate hike by the Federal Reserve in March. Spot gold was down 0.3% at $1,801.40 an ounce, as of 10:38 a.m. EST (1538 GMT), after falling 1% earlier …
Gold retreats on higher bond yields, U.S. rate hike bets Read More »
MUMBAI (Reuters) – ITC Ltd, India’ biggest cigarette maker, posted a 12.7% rise in third quarter profit on Thursday, as revenue jumped 32% from a year earlier. Profit was 41.56 billion rupees ($556.43 million) in the quarter ended Dec. 31, compared with 36.87 billion rupees in the same period of 2020, the company, which also …
Indian cigarette maker ITC’s quarterly profit rises 12.7% y/y Read More »
