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The Economic Times: Latest business, finance, markets, stocks, company news from India.



Last Build Date: Sun, 23 Apr 2017 07:55:31 GMT

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Income tax department to challenge ITAT relief to Cairn Energy in HC

Sun, 23 Apr 2017 06:56:35 GMT

(image) The I-T department is also seeking up to 300 per cent of the principal as penalty for non-payment.



RIL begins CBM production at Sohagpur Block

Fri, 21 Apr 2017 18:40:50 GMT

(image) RIL's block, SP(West) –CBM–2001/1, started production on March 24 and is currently supplying CBM for the commissioning of the Shahdol-Phulpur pipeline.



You may soon get delivery of petrol, diesel at your doorstep

Fri, 21 Apr 2017 12:50:04 GMT

(image) About 350 million people come to fuel stations every day, the oil ministry said. Annually Rs 2,500 crore ($387.00 mn) worth of transactions takes place at fuel stations.



India to double its refining capacity: Petroleum Minister Dharmendra Pradhan

Thu, 20 Apr 2017 17:44:32 GMT

(image) Addressing the inaugural session of 21st Refinery Technology Meet, Pradhan said his ministry has been emphasising on innovation and strengthening R&D wing.



Modi government slams move to close petrol pumps on Sundays

Thu, 20 Apr 2017 14:03:01 GMT

(image) "@PetroleumMin neither endorses nor approves of move by a small section of dealers to keep their petrol pumps closed on Sundays," the ministry said.



I-T seeks Rs 30,700-crore penalty from Cairn for non-payment of tax

Thu, 20 Apr 2017 10:10:16 GMT

(image) Cairn failed to pay Rs 10,247 cr capital gains tax on time. The Income Tax Act provides for penalties of 100 per cent to 300 per cent of the tax due.



Sunday off for petrol pumps could invoke ECA: Government

Wed, 19 Apr 2017 07:15:16 GMT

(image) The decision will cover Haryana, Maharashtra and the entire southern region -- Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, Kerala as well as Puducherry.



HPCL signs pact with Rajasthan government to set up a refinery cum petrochemical complex

Tue, 18 Apr 2017 15:50:36 GMT

(image) The construction of the proposed refinery will begin in the current financial year and will be completed in four years, Oil Minister Dharmendra Pradhan said in a statement.



Petrol pumps in eight states to be shut on Sundays from May 14

Tue, 18 Apr 2017 13:31:18 GMT

(image) The consortium of Indian petroleum dealers said the decision was made in view of the PM's call during his recent 'Mann ki baat' programme to conserve oil.



HPCL resumes work on Rs 41,000 crore Rajasthan oil refinery

Mon, 17 Apr 2017 14:21:33 GMT

(image) HPCL Board at its meeting held today has approved resumption of Rajasthan refinery project and signing of revised MoU with the Government of Rajasthan for implementation of the project.



Cairn India, partners set to invest Rs 3,240 crore in Ravva Field

Sun, 16 Apr 2017 18:27:57 GMT

(image) According to the company's annual report of FY 16, the Ravva Fields produced 18,602 BOEPD average daily gross operated production in 2016-17 against 23, 845 BOEPD in FY 16.



Assam’s NRL signs MoU with Paradip Port Trust and IOCL for Import of crude oil at Paradip Port

Sun, 16 Apr 2017 13:16:47 GMT

(image) Paradip Port Trust will extend land space for installation of Crude storage tanks, Pump house and Township at Paradip.



MoU signed for Assam's Numaligarh Refinery expansion

Sun, 16 Apr 2017 13:14:41 GMT

(image) The MoU provides for utilisation of IOCL's spare capacity of existing SPMs (single point mooring) at Paradip for installation of crude storage tanks, pump house and a township.



Petrol price hiked by Rs 1.39 per litre, diesel up by Rs 1.04

Sun, 16 Apr 2017 01:27:19 GMT

(image) The hike comes the on back of a Rs 4.85 per litre reduction in rates of petrol and Rs 3.41 a litre in diesel effected from April 1.



Essar, Adani and JSW to build LNG terminals at ports

Thu, 13 Apr 2017 20:25:39 GMT

(image) The Essar, Adani and JSW Groups, among others, are setting up LNG terminals along India’s eastern and western water margins as natural extensions to the port infrastructure.