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Govt approves Rs 4,687 crore interest subsidy for ethanol projectsThe government has approved ₹4,687 crore in interest subsidies for eligible ethanol projects. This support covers interest subvention for n...- India raises windfall tax on petrol exports to Rs 3.5/litre, diesel to Rs 24/litre from August 3The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre ...
- ONGC to reserve half of new oil storage for strategic reservesIndia's Oil and Natural Gas Corp will reserve half of its planned oil storage. This new facility will meet the country's strategic petroleu...
- Govt cites global commodity, energy costs for rise in wholesale price inflationWholesale price inflation rose to 9.87 percent in June. This increase was largely driven by global commodity and energy costs. The governme...
- Corporate, personal loans drive 63% of bank credit growth: SBI research reportCorporate and retail loans fueled bank credit growth during the April-June quarter. Industry and personal loans together accounted for sixt...
- OPEC+ agrees September oil hike, completing rollback of voluntary cutsOPEC+ approved an oil production increase of 188,000 barrels daily for September. This move completes the unwinding of voluntary output cut...
- Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habitIndia's government will fund offshore oil and gas exploration directly from its national budget. The "Samudra Manthan" scheme allocates sig...
- OPEC+ tipped to raise oil output as Middle East war disrupts suppliesOPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustme...
- Petrol could cost Rs 125/litre without ethanol blending: GovernmentThe Ministry of Petroleum defended the Ethanol Blended Petrol Programme against criticisms. It stated petrol prices would have risen signif...
- Bank credit to industry up 19%, personal loans stay strongBanking credit to industry saw a robust 19% year-on-year increase. Personal loan growth also remained strong, expanding 16% compared to las...
- In 2008, the next big car innovation didn't come from steel, it came from coconuts, and the auto industry took noticeCoconut fiber car parts: Ford Motor Company and Scotts Miracle-Gro tested coconut fibers for vehicle components. Baylor University research...
- Loan growth remains strong, shows latest RBI sectoral dataBanking credit to industries showed robust growth, increasing 19.2 percent year on year. Personal loan growth also remained strong, rising ...
- L&T Energy Hydrocarbon Onshore secures partnership with Petroleum Development OmanL&T Energy Hydrocarbon Onshore has secured a significant six-year framework agreement. This partnership is with Oman's leading oil and gas ...
- West Asia conflict: PM Modi directs measures to safeguard Indians, boost renewable energy pushPrime Minister Modi directed ministers to safeguard citizens and diaspora from West Asia conflict impacts. He also ordered a dedicated assi...
- PNGRB plans to open city gas for external investorsThe PNGRB plans to allow third-party capital investment in city gas distribution areas. This move aims to expand natural gas reach and prom...
- India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge RatingsIndia faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per bar...
- Large-scale electronics PLI catalyses Rs 96,000 cr investment in mobile manufacturing: MoS ITProduction-linked schemes have driven significant investment in India's electronics manufacturing sector. Mobile production alone has seen ...
- Indian corporates to clock 9% aggregate revenue in FY27: FitchFitch Ratings forecasts Indian corporate revenue to grow nine percent in the current fiscal year. This growth is expected to keep credit me...
- Sunlight slowly damages solar panels; researchers think they have found a natural shield - a red onionSolar power is growing fast across the US, but scientists say one hidden part of today's solar technology still depends on petroleum-based ...
- India to build Phase-II strategic oil reserves at Rs 14,527 cr under PPP modelIndia plans a second phase for its strategic petroleum reserves. This expansion will add 6.5 million tonnes of crude oil storage. Two new f...
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