India’s ethanol production capacity has surpassed the requirements for blending, prompting the government to explore additional uses for the surplus. The government is looking to move beyond the 20 per cent ethanol-blending target as flex-fuel vehicles are expected to enter the market, advisor to the Prime Minister Tarun Kapoor said on Wednesday.Speaking at The India…
Higher crude prices could raise costs across fuel, transport and other energy-intensive sectors, adding to domestic inflation pressures. State-owned fuel retailers are losing around Rs 5 per litre on petrol and Rs 23 per litre on diesel as renewed tensions in West Asia pushed international crude oil prices above $100 a barrel, analysts said on…
India-US trade deal ‘more or less’ finalised (representative image) The India-US trade deal has been “more or less” finalised, with the two countries now working on a framework for preferential market access before signing the agreement at an appropriate time, commerce secretary Rajesh Agrawal said on Wednesday.Speaking to the media on the sidelines of the…
Oil rises past $100 a barrel Oil is back in triple-digit territory. Brent crude crossed $100 a barrel on Wednesday after fresh attacks on oil facilities and tankers in the Middle East reignited concerns over an already weakened global supply chain.Brent crude rose 2.57% to $100.40 a barrel, while US West Texas Intermediate (WTI) climbed…
IGIA is preparing for over 50% enhancement in international traffic by adding a new pier in terminal 3 NEW DELHI: India’s busiest airport, Delhi’s IGIA, is gearing up for over 50% enhancement in international traffic by adding a new pier in terminal 3 along with a marginal rise in domestic capacity through internal changes in…
The mistake subsequently translated into an additional tax demand. Filing your own income tax return can be a daunting and tedious process for many. That’s when you hire a consultant. But, what if the consultant mixes up your ITR between the new and old income tax regime? You may get a tax notice, and that’s…
NEW DELHI: Trusted, timely and interoperable data is key to evidence-based policymaking and data-driven governance, principal secretary to PM Shaktikanta Das said Tuesday in a workshop organised by statistics ministry on strengthening the national data system . MoSPI secretary Saurabh Garg also underscored the need to move from siloed departmental data systems towards an integrated,…
Oil prices inch closer to $100 per barrel Oil prices moved closer to the $100-a-barrel mark on Wednesday, rising more than 1% for a fourth straight session as renewed tensions between US-Iran and continued to rattle the crude market.Brent crude rose 1.47% to $99.36 a barrel, while US West Texas Intermediate climbed 1.54% to $94.46The…
MUMBAI: Copper and crude oil, two important industrial raw materials for several industries, are on a tear. According to notes from Vedanta and ICICI Securities, a combination of factors like tightening mine supply, especially from Chile, shifting global trade flows amid potential US tariffs on refined copper, and accelerating demand from electrification, renewable energy, power…
Long-term contracts are being forged and India is reportedly looking to get a notable chunk of its LPG needs from the US. When US President Donald Trump announced that India would step up energy purchases from America, everyone thought of oil. But, the Middle East conflict has brought forward another energy stream from the US…
