OPEC must work with other producers to boost oil prices: Saudi

Last Updated: Monday, March 23, 2015, 11:27

Oil producers outside OPEC must cooperate to boost falling crude prices as the cartel refuses to take responsibility alone, the Saudi oil minister has said.

India asks state oil producers to pay $1.75 billion subsidy for December quarter: Source

Last Updated: Thursday, February 12, 2015, 22:13

India has asked oil producers to provide 108.96 billion rupees ($1.8 billion) in subsidies to cover some of the losses of state retailers selling fuel at government-set low rates, a source familiar with the plan said on Thursday.

Exempt imported coal from customs duty, demand private power firms

Last Updated: Sunday, February 8, 2015, 13:19

Private power producers have sought customs duty relief on imported coal for thermal plants, saying the levy is "increasing the cost of electricity generation and burdening the common man".

Around 12 million tonnes of iron ore stuck at Indian ports

Last Updated: Wednesday, February 4, 2015, 11:31

Around 12 million tonnes of low-grade iron ore has been stuck at Indian ports for months, stranded as hefty export taxes and plunging prices make higher quality ore more appealing to buyers, said industry and government officials.

Asian shares fall to nine-month low as oil prices sink

Last Updated: Monday, December 15, 2014, 12:44

Global shares prices came under pressure on Monday as oil prices briefly sank to fresh 5-1/2 year lows in choppy trade, doing little to allay concerns that some energy producers and exporters could find themselves in dire straits as revenues slump.

Oil dives 4 percent to five-year low as selling snowballs

Last Updated: Tuesday, December 9, 2014, 10:14

Oil dived 4 percent to new five-year lows on Monday, as Wall Street expectations of a deeper price slump next year and a Kuwaiti prediction for $65 crude set off one of the biggest declines this year.

India iron ore imports hit record 6.8 mln tonnes as prices fall

Last Updated: Friday, December 5, 2014, 12:25

India`s iron ore imports rose to a record 6.76 million tonnes in the first seven months of its fiscal year as sliding global prices and limited supply at home pushed steel producers to buy the raw material overseas, industry data showed on Friday.

Facing competition, Maharashtra has big plans for Film City

Last Updated: Sunday, February 2, 2014, 13:55

The Maharashtra Government has drawn up an ambitious plan to refurbish the Film City here as an ultra-modern shoot destination like Hollywood, at an estimated cost of about Rs 30,000 crore, President of Indian Motion Pictures Producers Association (IMPPA) T P Aggarwal said.

Govt to scrutinise applications for 4 coal mines by Jan 15

Last Updated: Wednesday, January 8, 2014, 17:47

The Coal Ministry will scrutinise the applications for the allotment of four coal blocks to power producers through tariff-based bidding by January 15.

'12 Years a Slave', 'Gravity' up for Producers Guild Awards

Last Updated: Friday, January 3, 2014, 14:36

American slavery drama "12 Years a Slave," 1970s con-men caper "American Hustle" and space thriller "Gravity" were among the 10 films nominated on Thursday for outstanding producer of a motion picture in the Producers Guild Awards.