Business

The Union government's ambitious Rs 90,000 crore plan to inject liquidity for electricity distribution companies has been a non-starter as state governments are reluctant to extend guarantees on loans given to such discoms due to their own precarious financial condition. ...

Consumers are unlikely to get respite from the rising price of auto fuels -- petrol and diesel as oil companies plan to cover their entire gap of around Rs 8 per litre on sale of the two petroleum products by raising retail prices daily for at least next two weeks....

The state-owned Oil India Ltd (OIL) lost 638 MT of crude oil production from 66 producing wells and 0.46 MMSCMD of natural gas from three gas wells due to blockades by the local people and various students organisations in two districts of Assam, an OIL official said....