EOGEPL crosses the 0.8 mmscmd mark of gas production

Mumbai/Durgapur (IANS) Essar Oil and Gas Exploration and Production Ltd (EOGEPL), Indias pioneering unconventional hydrocarbon (Coal Bed Methane) player, announced crossing 0.8 mmscmd of gas production and is successfully marching towards the benchmark…

Edtech startup PhysicsWallah raises $100 mn, becomes new unicorn

New Delhi (IANS) Edtech startup PhysicsWallah has raised $100 million in Series A funding from Westbridge and GSV Ventures, becoming India's 101st unicorn and the first edtech player to achieve this milestone, the company announced on Tuesday.

High commodity prices continue to weigh on trade deficit, estimate for FY23 at $90bn: Acuite

New Delhi (IANS) The expectation of the expansion of the current account deficit is not just driven by elevated global commodity prices, but is also linked to the unlocking of the economy reviving pent-up demand and improved vaccination cover aiding…

IIFL group dealer found guilty in front-running case, 5-year ban imposed

New Delhi (IANS) Capital market regulator Securities and Exchange Board of India (SEBI) on Friday passed its final order in the IIFL group front-running case, finding the group's equity dealer Santosh Singh guilty of wrongfully using his knowledge…

Banks raise lending rates: Here's what realty experts have to say

New Delhi (IANS) Close on the heels of the Reserve Bank of Indias (RBI) recent hike in repo rate by 40 basis points, besides giving indications it would raise further in the upcoming monetary policy review meets, several Indian lenders too have raised…

Power sector coal import comes down by 40%

New Delhi (IANS) The coal ministry on Thursday said that coal imports, which had reached a peak of 248 million tonne (MT) in 2019-20, declined continuously during the next two years to 215 MT in 2020-21 and further to 209 MT in 2021-22.

"The…

Margin of cement companies to remain under pressure in Q1FY23: Centrum Broking

New Delhi (IANS) Cement companies are expected to witness lower volume sequentially in Q1FY23 as the demand had slowed down in May ahead of monsoon, said brokerage house Centrum Broking.

Coal prices are expected to be at elevated levels and…

Indices decline in opening session, Q4 GDP numbers in focus

New Delhi (IANS) Indian equity benchmark indices were lower in opening deals on Tuesday ahead of the release of India's gross domestic product (GDP) numbers for the fourth quarter of fiscal FY22.

Investors await GDP figures to gauge fresh…

India aims to cut power output from 81 coal plants, replace green energy

New Delhi (IANS) India plans to reduce power generation from 81 thermal coal-fired plants over the next four years, as part of its efforts to switch to clean energy sources and cut carbon emissions, according to a letter seen by S&P Global Commodity…

Amazon in self-serving act to destroy FRL at any cost, say FRL independent directors

New Delhi (IANS) Amazon caused the downfall of Future Retail Limited (FRL) when it could not buy its assets on the cheap, placing FRL now on the brink of bankruptcy, the independent directors of FRL have said.

In a reply to Amazon, the directors…