The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
Issues like amendments to the Electricity Act 2003, relating to section 11 invoked by states to curb open access; single buyer model; appraisal of regulators, etc are likely to dominate the discussion between power minister Veerappa Moily and the Forum of Regulators (FOR), a representative body of power regulators, on …
With Mundra incurring losses and resolution of higher costs not likely soon, stock could feel pressure The Tata Power stock has underperformed broader markets in the current quarter, a trend likely to sustain, going ahead, due to concerns over its Mundra power project and stock valuations. Against a two per …
Mumbai: The stage is set for another round of petrol price hike with the Indian basket of crude oil increasing by over $10 to $113 per barrel since the prices were revised last on July 24. Given their mounting losses, oil marketing companies (OMCs) are putting pressure on the government …
While the offer to supply liquefied natural gas (LNG) at $ 9.5 per unit to gas-based power projects of India Gas Solutions (IGS) is going to pose a tough challenge for the other players planning to set up LNG facilities on the Andhra coast, the question of feasibility is a …
Entering another important segment of the natural gas business, Reliance Industries Ltd and BP India are in talks with gas-starved power projects of Andhra Pradesh to supply long-term liquefied natural gas (LNG). India Gas Solutions (IGS), the equal joint venture between the two companies, is looking to sell LNG to …
The petroleum ministry and state oil firms plan to raise diesel and petrol prices next month as crude oil rose to a three-month high last week and diesel consumption has soared because of the weak monsoon and poor power supply, government and industry officials said. State oil firms are putting …
Union Minister of State for Petrochemicals and Natural Gas, RPN Singh on Sunday refuted claims made by Gujarat government of discrimination over allocation and pricing of natural gas. The minister who was in Ahmedabad to attend the review meeting of oil marketing companies alleged that the state government was misleading …
Forced to scale down petroleum retail operations, Reliance Industries Ltd and Essar have taken their predatory pricing complaint against government oil marketing companies (OMCs) to the Appellate Tribunal for Electricity. In July, the PNGRB (petroleum and natural gas regulatory board) had dismissed a plea of these private fuel retailers against …
Petrol pricing may officially be out of the government’s control, but a veiled intervention by the government has resulted in Indian Oil Corp and other state-run oil marketing firms Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) differing on what is the best solution. BPCL and HPCL …
New Delhi Adani refused power supply to GUVNL due to rising coal prices The Supreme Court on Monday admitted Adani Power’s appeal against the Appellate Tribunal for Electricity’s order asking it to supply power to state utility Gujarat Urja Vikas Nigam Ltd (GUVNL) at an agreed price of R2.35 per …
New Delhi The Supreme Court on Thursday issued notice to Delhi’s gas utility Indraprastha Gas Ltd (IGL) and the Centre on a petition challenging the Delhi High Court judgment that held that petroleum and natural gas regulator PNGRB has no jurisdiction to fix rates or regulate gas tariffs. A bench …
Petrol: Stung by the mass protest against the price hike of petrol last May, the UPA government has decided not to pass on the current under-recovery of Rs 3.56 on a litre of petrol to the people. At a meeting last Tuesday, the Prime Minister’s Office told the Petroleum Ministry …
NEW DELHI: Coal India (CIL) board is likely to meet early next week to approve the model fuel supply agreements ( FSA) for supply of coal to power firms with significant changes, including the penalty clause. The development follows the board of the public sector firm agreeing on paying penalty …
State-run Coal India (CIL) has given in to pressure from the Prime Minister’s Office (PMO) and the coal ministry and on Tuesday agreed to pay up a sizeable penalty if it fails to supply the contracted quantity of the fuel. CIL has also accepted another demand of the government, and …
To break the long deadlock by shipping out minimum 80% of the contracted quantum Coal India will modify fuel supply pacts before signing them with power companies to incorporate the changes that have been proposed by its board at this week's meeting, thereby breaking the deadlock over the issue of …
New Delhi: Bihar chief minister Nitish Kumar managed to get coal linkage for Barauni Thermal power plant crucial for the power-starved state, thanks to an intervention by Prime Minister Manmohan Singh. Unmoved by Kumar’s intense campaign for a coal linkage, the coal ministry had turned down the demand for assured …
TCI questions legality of Presidential directive on fuel supply agreements The high court here has issued notices to state-owned miner Coal India Ltd (CIL) and its largest shareholder, the central government, after admitting a petition filed by the UK-based hedge fund, The Children’s Investment Fund (TCI). While the Union government …
India's manufacturing activities expanded last month at the slowest pace in eight months, shows the HSBC Purchasing Managers’ Index (PMI). The index fell sharply to 52.9 points in July against 55 points in June. Before that, PMI was lower in November 2011, when it was at 51 points. A reading …
Demand for diesel vehicles pushed up sales of the country’s leading auto makers in July amid concerns that the sagging economic growth and high fuel prices and interest rates will continue to pose challenges to auto sales in Asia’s third largest economy. Nine of the industry’s 19 leading automobile manufacturers …
NEW DELHI: The Delhi high court has issued notices to the Centre and the coal ministry on a petition filed by UK-based fund TCI (The Children Investment Management Fund) against coal ministry's "interference" in state-run Coal India's pricing policy. TCI, which owns 1% in Coal India, has sought the court's …
