All content tagged with “Finance” - 15 items
Petronet LNG has invoked force majeure on LNG supplies from QatarEnergy after security concerns linked to the Iran–Israel conflict disrupted tanker movement through the Strait of Hormuz.
Dr Bijay Kumar Mohanty has assumed additional charge as CMD of IREDA for three months or until a permanent appointment is made, succeeding Pradip Kumar Das.
SK Sinha has assumed charge as Director (Finance) at GAIL, bringing over 30 years of experience in corporate finance and financial management.
ONGC has appointed Finance Director Anupam Agarwal as Chief Financial Officer. He succeeds Yogish Nayak S and brings over three decades of experience in finance and commercial management.
Hindustan Petroleum Corporation Ltd (HPCL) has appointed Srividya Venkataraman as Director (Finance), bringing three decades of experience in financial strategy, treasury management and corporate planning
Russia is prepared to divert around 9.5 million barrels of crude to India as tensions in West Asia threaten oil flows through the Strait of Hormuz, raising concerns over supply security.
Moody’s Analytics warns that escalating conflict in West Asia and disruptions around the Strait of Hormuz could expose India to renewed oil price spikes and inflationary pressures.
Government tells Lok Sabha that Discom arrears of ₹1.39 lakh crore reported in June 2022 have been reduced to ₹4,109 crore after 43 EMIs under Late Payment Surcharge Rules, 2022.
Petroleum Minister Hardeep Singh Puri said the Union Budget 2026–27 reflects India’s economic transformation since 2014, balancing fiscal discipline with growth.
Government outlines production incentives, transmission waivers and renewable reforms to bring down green hydrogen costs as India targets 5 million tonnes annual output by 2030 under National Green Hydrogen Mission.
The Union Budget 2026–27 focuses on energy security and transition stability, announcing ₹20,000 crore for carbon capture, extending nuclear import duty relief till 2035, and more.
Prime Minister Narendra Modi will inaugurate India Energy Week 2026 in Goa virtually, with global ministers and industry leaders gathering to discuss energy security, investment and decarbonisation pathways.
The Petroleum Ministry promoted upcoming upstream bid rounds and financing reforms to attract domestic and global investment into oil and gas exploration.
India must accelerate domestic manufacturing of batteries, equipment and advanced EV technologies to improve export competitiveness and move up the global EV value chain, NITI Aayog said.
Power Minister Manohar Lal said AI and machine learning applications will be central to improving efficiency reliability and consumer engagement in power distribution.