Oil prices rebound after heavy sell-off

Last Updated: Wednesday, September 16, 2015, 07:40

Oil prices bounced on Tuesday as traders bought the dip after sharp decline.

GE forms digital unit, says energy management head to retire

Last Updated: Tuesday, September 15, 2015, 08:50

GE, which under Chief Executive Jeff Immelt has made a big bet on marrying software and analytics with its industrial products, will bring all of the digital capabilities from across the company into one organisation, it said.

Kuwait signs $385 mn solar energy project

Last Updated: Thursday, September 10, 2015, 17:35

Kuwait signed a contract worth 116 million dinars ($385 million) with Spain`s TSK Group on Thursday for a 50 megawatt solar energy project as part of its renewable energy drive.

Oil prices down ahead of US energy report

Last Updated: Thursday, September 10, 2015, 09:22

US benchmark West Texas Intermediate for October delivery fell 65 cents to USD 43.50 while Brent crude for October dropped 76 cents to USD 46.82 in late-morning trade.

India saves $1.8 bn on fertiliser subsidies, but no reform planned

Last Updated: Friday, September 4, 2015, 16:01

India could save about $1.8 billion on fertilizer subsidies this year thanks to low energy prices but Prime Minister Narendra Modi`s government, two sources said, has no plans to remove price controls, a reform that would risk angering farmers.

Suzlon seeks shareholders nod to raise Rs 5,000 cr

Last Updated: Friday, September 4, 2015, 16:00

Wind turbine manufacturer Suzlon Energy's board has sought shareholders' approval to raise up to Rs 5,000 crore through the issue of securities.

Oil jumps 8 percent, biggest three-day surge since 1990

Last Updated: Tuesday, September 1, 2015, 05:09

Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of US crude production data and OPEC`s readiness to talk with other producers helped extend the biggest three-day price surge in 25 years.

India seeks SoftBank push for Modi's solar goal

Last Updated: Monday, August 31, 2015, 21:00

India has closed bids for a third of its target of tendering 15,000 megawatts (MW) of solar projects this fiscal year, a government official said, and is expecting interest from investors such as SoftBank to lift the industry.

NITI Aayog to bring out integrated energy policy: Panagariya

Last Updated: Thursday, August 27, 2015, 20:46

NITI Aayog will bring out a new integrated energy policy -- as was introduced by its predecessor the erstwhile Planning Commission -- which called for decontrolling of energy prices.

Schlumberger to buy oilfield gear maker Cameron in $14.8 bn deal

Last Updated: Wednesday, August 26, 2015, 23:04

The deal is the latest example of energy companies joining forces to help them cope with slumping oil prices , down 60 percent since June last year and hitting new lows each day.

Welspun Corp forms JV with Wasco Energy for Rs 200 cr plant

Last Updated: Tuesday, August 25, 2015, 15:43

Welspun Corp on Tuesday entered into an agreement with Malaysia's Wasco Energy for setting up a Rs 200 crore greenfield concrete weight coating (CWC) plant at Anjar in Gujarat.

'Modi's US visit to focus on innovation, digital economy'

Last Updated: Tuesday, August 25, 2015, 13:43

Prime Minister Narendra Modi is likely to interact with technology and business leaders and focus on innovation, digital economy and renewable energy during his US trip next month, a top Indian diplomat has said.