South Africa oil discovery could be a game changer
One of the promising hotspots for oil and gas exploration drilling this year—South Africa’s offshore—has just yielded a massive natural gas and …
U.S. tells Iran’s oil customers including India not to expect new waivers
Iran’s oil customers should not expect new U.S. waivers in May, the U.S. Special Representative for Iran, Brian Hook, said last week, urging buyers to stop …
Inter-state Agri trading via eNAM in 8 Indian states so far: Government of India
Eight states including Uttar Pradesh are offering inter-state trading via 21 electronic national agricultural market (eNAM) so far in the country, the …
India’s central bank cuts repo rate by 25 basis points, changes stance to ‘neutral’
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has reduced repo rate by 25 basis points to 6.25 per cent per annum from 6.5 per cent p.a. …
Vedanta says its Anglo American stake buy meets India’s criteria
Vedanta, the natural resources company controlled by Anil Agarwal said its foreign subsidiary Cairn India Holdings’ $200 million investment in Anglo …
India’s interim budget 2019-20 offers cash dole to small farmers before general election
Pitching a strong re-election bid, India’s BJP-led NDA government announced the biggest income tax sops for middle class, including complete exemption for …
US lifts Rusal sanctions; aluminium prices fall; supply to increase
The US government’s widely expected decision late Sunday to lift sanctions on Russia’s UC Rusal, one of the world’s biggest primary aluminum producers, …
Global crude steel output increased by 4.6% in 2018 – worldsteel
Global crude steel production reached 1,808.6 million tonnes (Mt) for the year 2018, up by 4.6% compared to 2017, global industry body worldsteel said in its …
India beats Japan to becomes world’s second-biggest steel producer
India produced 106.5 million tonnes of steel in 2018, beating Japan to become the world’s second-biggest producer, global industry body worldsteel said …
Southeast Asia’s energy demands will require $2.7 trillion investment: IEA
As Southeast Asia continues to urbanize at a breakneck speed, the developing region is projected to see a massive growth in energy demand over the next 20 …