Raj Kumar Sahu

A leader of the Left-affiliated student's union SFI at the Hyderabad Central University, has resigned alleging that the agitation over the death of Dalit scholar Rohit Vemula is funded by political parties and has "become opportunistic."

The Cabinet Committee of Economic Affairs (CCEA) and the Cabinet Committee on Investment (CCI) cleared a plethora of power sector projects worth Rs 33,000 crore today.

The Cabinet Committee on Investment (CCI) eased the conditions imposed by the Ministry of Defence (MoD) in 31 oil and gas blocks. Out of the 31 blocks cleared, 13 blocks belong to Reliance Industries-BP (RIL-BP), 15 blocks are of government-owned Oil and Natural Gas Corp (ONGC). The remaining 3 blocks belong to Australian firm Santos Cairn India.

The Cairn-ONGC joint venture (JV) in the Rajasthan oil block has begun commercial gas production. Cairn India pitched for speedy regulatory approval for making the Rajasthan block the largest in the country.

Petroleum Minister M. Veerappa Moily has raised serious concerns over the Finance Ministrys proposal of calculating petroleum subsidy numbers based on the export parity price (EPP) formula. EPP essentially means that petroleum products are priced at the rate that refineries get in the export market.

The board of public sector oil firm Hindustan Petroleum Corp. Ltd (HPCL) has approved the proposed joint venture with infrastructure major Shapoorji Pallonji for building a terminal for importing liquefied natural gas (LNG). According to sources, both companies will hold an equal stake in the joint venture.

Looks like London-based Indian billionaire Anil Agarwals risk in Cairn India is paying off. When Mr Agarwal bought the majority per cent stake in Cairn India for about $7 billion (approximately Rs 38,244 crore), there were questions on the valuation of the company.

The energy sector, which comprises of the power and petroleum sectors, has not been expecting much from the Union Budget, yet the government has been considerate to make the sector more appealing, both to domestic investors and distribution companies.

Public sector Oil and Natural Gas Corporation (ONGC) today announced the completion on first float-over oil production operations in India in its B-193 oil field off the west coast of India.

The deal street in the energy sector is hotting up again and its the cash-rich public sector oil firms that are planning big. ONGC, after making the $5-billion deal to acquire ConocoPhillips 8.4 per cent stake in the Kashagan field off North Caspian Sea, is learnt to be in talks to buy Videocons 10 per cent stake in Mozambique's Rovuma basin.

Power Minister Jyotiraditya Scindia today said that a power tariff hike by discoms to ride out the losses they are incurring should be the last resort they should be looking at.

BPs chief executive Bob Dudley and Reliance Industries' chairman Mukesh Ambani today called on Petroleum Minister Veerappa Moily, and apprised him of the hurdles the two energy giants face over their intent to boost oil and gas production in the country and invest more in the sector.

This would be the 20th hike in petrol price since the time the fuel was deregulated. Under deregulation, oil firms are free to decide the quantum and frequency of the price hike.

Indian Oil, Bharat Petroleum and Oil India have a reason to cheer just before they announce their third quarter results this week, courtesy the Finance Ministry.

Brace up for a phased increase in your electricity bills, as the government seems to be unrelenting on its decision to do away with subsidies, and is leaving no stone unturned to completely phase out the sops it offers on all energy products, be it petroleum, power or coal.

A leader of the Left-affiliated student's union SFI at the Hyderabad Central University, has resigned alleging that the agitation over the death of Dalit scholar Rohit Vemula is funded by political parties and has "become opportunistic."

The Cabinet Committee of Economic Affairs (CCEA) and the Cabinet Committee on Investment (CCI) cleared a plethora of power sector projects worth Rs 33,000 crore today.

The Cabinet Committee on Investment (CCI) eased the conditions imposed by the Ministry of Defence (MoD) in 31 oil and gas blocks. Out of the 31 blocks cleared, 13 blocks belong to Reliance Industries-BP (RIL-BP), 15 blocks are of government-owned Oil and Natural Gas Corp (ONGC). The remaining 3 blocks belong to Australian firm Santos Cairn India.

The Cairn-ONGC joint venture (JV) in the Rajasthan oil block has begun commercial gas production. Cairn India pitched for speedy regulatory approval for making the Rajasthan block the largest in the country.

Petroleum Minister M. Veerappa Moily has raised serious concerns over the Finance Ministrys proposal of calculating petroleum subsidy numbers based on the export parity price (EPP) formula. EPP essentially means that petroleum products are priced at the rate that refineries get in the export market.

The board of public sector oil firm Hindustan Petroleum Corp. Ltd (HPCL) has approved the proposed joint venture with infrastructure major Shapoorji Pallonji for building a terminal for importing liquefied natural gas (LNG). According to sources, both companies will hold an equal stake in the joint venture.

Looks like London-based Indian billionaire Anil Agarwals risk in Cairn India is paying off. When Mr Agarwal bought the majority per cent stake in Cairn India for about $7 billion (approximately Rs 38,244 crore), there were questions on the valuation of the company.

The energy sector, which comprises of the power and petroleum sectors, has not been expecting much from the Union Budget, yet the government has been considerate to make the sector more appealing, both to domestic investors and distribution companies.

Public sector Oil and Natural Gas Corporation (ONGC) today announced the completion on first float-over oil production operations in India in its B-193 oil field off the west coast of India.

The deal street in the energy sector is hotting up again and its the cash-rich public sector oil firms that are planning big. ONGC, after making the $5-billion deal to acquire ConocoPhillips 8.4 per cent stake in the Kashagan field off North Caspian Sea, is learnt to be in talks to buy Videocons 10 per cent stake in Mozambique's Rovuma basin.

Power Minister Jyotiraditya Scindia today said that a power tariff hike by discoms to ride out the losses they are incurring should be the last resort they should be looking at.

BPs chief executive Bob Dudley and Reliance Industries' chairman Mukesh Ambani today called on Petroleum Minister Veerappa Moily, and apprised him of the hurdles the two energy giants face over their intent to boost oil and gas production in the country and invest more in the sector.

This would be the 20th hike in petrol price since the time the fuel was deregulated. Under deregulation, oil firms are free to decide the quantum and frequency of the price hike.

Indian Oil, Bharat Petroleum and Oil India have a reason to cheer just before they announce their third quarter results this week, courtesy the Finance Ministry.

Brace up for a phased increase in your electricity bills, as the government seems to be unrelenting on its decision to do away with subsidies, and is leaving no stone unturned to completely phase out the sops it offers on all energy products, be it petroleum, power or coal.