Fuels

CAG draft on coal block allocation 'illogical': Jaiswal

Coal Minister Sriprakash Jaiswal said that CAG report was "baseless", especially because when the blocks were given to the private and public sector companies for their captive usage, there was not much demand for coal.

India solving Pakistan's gas problem?

Unlike India, Pakistan has till now not built a LNG import terminal and so buying gas from GAIL pipeline may make economic sense. Gas supply in Pakistan at around 5.497 bcfd in the year to June 30, 2012 is short of demand by 2.458 bcfd.

Warning: Oil prices could soar much beyond $120

The unstoppable rise in oil prices might hit Indian consumers and businesses hard.

Will you buy a car in 2012?

The industry body had earlier forecast that car sales would increase by a piddly 0-2 percent in the current financial year.<br /><br />

Reliance Power, Shell in talks to set up LNG terminal

Utility Reliance Power is in talks with energy major Royal Dutch Shell to jointly set up a liquefied natural gas terminal, a person with direct knowledge of the matter said.

Cabinet approves mining bill; Coal India,Tata Steel tank

With the approval Coal India will be hit the most as it will have to share one fourth of its profit, which means lesser money for growth and dividends.

Govt puts off LPG meet, but price hike looks real

The expert panel has proposed that every household should get only 4-6 LPG cylinders at subsidised prices and pay the market price of about Rs 710 for every additional cylinder.<br /><br /> <br /><br />

Coal India earnings speak volumes, Q1 net up 64 pct

Stronger sales and a price increase effected in February shored up margins. And the numbers were ahead of Street expectations.<br /><br /> <br /><br />

Is Coal India the next milch cow? Or next basket case?

Coal India is currently charging far below world prices for its coal. As the nation starts depending more on costly imported coal, this undercharging will have to go. Or else we will soon have the same situation as in oil.

Govt will change laws to allow cars running on bio-fuels: Gadkari

Government will make changes in law and bring it on par with international standards to enable cars, especially those running on bio-fuels, said Gadkari.