Oil price hits 6.5-year low, approaches key $40 level

Last Updated: Thursday, August 20, 2015, 10:03

Oil prices slid to a fresh six and a half year low in Asia Thursday, approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut.

Cairn to seek damages from Govt for tax notice

Last Updated: Tuesday, August 18, 2015, 12:42

The firm said it has initiated arbitration for resolution of the tax demand linked to 2006 reorganisation of Cairn India, its one-time Indian subsidiary with oilfields in Rajasthan.

Cairn seeks quick resolution to tax row

Last Updated: Wednesday, August 12, 2015, 15:49

As the government grapples with its arbitration notice against a Rs 10,247 crore tax demand, British oil explorer Cairn Energy has said a quick judicial resolution to the issue will help restore confidence of retrospective tax-rattled international investors.

India, US to discuss trade issues Wednesday

Last Updated: Tuesday, August 11, 2015, 21:12

Issues related to WTO, solar energy and visas are expected to figure at a meeting between senior trade officials of India and the US in the national capital on Wednesday.

Afghanistan invites Indian firms to invest in renewable energy

Last Updated: Thursday, August 6, 2015, 18:35

Osmani, currently on a visit to India, is accompanied by a business delegation from Afghanistan which is looking forward for "business match-making with Indian investors in the area of renewables".

Oil prices rebound ahead of US energy, employment data

Last Updated: Wednesday, August 5, 2015, 01:33

Oil prices rose modestly Tuesday, snapping a three-day skid as traders awaited key data on US petroleum supplies and employment levels.

Bill Gates to invest $1 bn of own money in clean energy

Last Updated: Tuesday, August 4, 2015, 23:21

The philanthropist Bill Gates is investing USD 1 billion of his own money in clean energy technology over the next five years as he believes that many breakthroughs will take place during the period that will help solve climate change.

Suzlon shares jump nearly 12% buoyed by Q1 profit

Last Updated: Monday, August 3, 2015, 22:58

Shares of wind turbine maker Suzlon Energy settled the day with nearly 12 percent gains, adding Rs 1,230.98 crore to its market valuation, as the company posted consolidated net profit of Rs 1,047.41 crore for the quarter ended June 30.

Suzlon posts Q1 net profit of Rs 1,047 crore

Last Updated: Friday, July 31, 2015, 22:04

Wind turbine maker Suzlon Energy Ltd on Friday posted consolidated net profit of Rs 1,047.41 crore for the quarter ended on June 30.

CESC lines up Rs 3,000cr for renewables, acquisitions on radar

Last Updated: Friday, July 31, 2015, 16:27

Power utility CESC, which is increasingly focusing on renewable energy, has decided to pump in Rs 3,000 crore over 18 months to expand its capacity in this area to 500 MW.

Shell to cut jobs to cope with long period of cheap oil

Last Updated: Thursday, July 30, 2015, 20:27

Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices.

India's clean energy targets way ahead of others: UN

Last Updated: Monday, July 20, 2015, 22:55

India can lead the world in the area of sustainable energy from renewable sources, as its clean energy target is way ahead of the UN global goal, senior official of the United Nations said Monday.