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IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Govt may not burden OMCs further with fuel subsidy

The market capitalisation of six large oil companies has falled by Rs 1.2 lakh crore.

12 Oct 2018 8:57 AM IST

Prime Minister Narendra Modi on Thursday allayed fears of job loss due to technological development, saying the 4th Industrial Revolution will change the nature of jobs and provide more opportunities. (Photo: Youtube)

4th Industrial Revolution to change nature of jobs: PM Modi

Artificial intelligence, machine learning, Internet of Things, blockchain and big data hold potential to take India to...

11 Oct 2018 6:05 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST 'most complex', needs massive fixing: Punjab Finance Minister

The way India designed its GST, I would actually give it 2 out of 10, says Manpreet Singh Badal.

11 Oct 2018 5:42 PM IST

Hindustan Petroleum also fell to its 52-week low of Rs 165.45, down 25 per cent over its last closing price.

Govt will not ask oil companies to further subsidise fuel prices:...

While OMCs will continue to enjoy marketing freedom, upstream oil producers like ONGC would not be asked to share fuel...

11 Oct 2018 5:05 PM IST

The European Union data protection laws will cover large tech companies like Google, Twitter and Facebook that use personal data as an advertising goldmine, as well as firms like banks and also public bodies. (Photo: Pixabay)

IT Ministry gets over 400 responses on draft personal data protection...

Some suggestions were around the costs surrounding mandatory localisation or storage of data, that the bill proposes.

11 Oct 2018 4:31 PM IST

Krishnapatnam Port Company Limited (KPCL) aims to handle 55 million tonnes of cargo during the current fiscal as against 45 million tonnes last year, a top executive of the port said here on Friday.

Cargo traffic at major ports rises 5 per cent in April-September

The highest growth of 19.66 per cent was registered by Kamarajar Port.

11 Oct 2018 4:17 PM IST

The government is preparing an action plan to recover revenues from high networth defaulters like Nirav Modi and Vijay Mallya who escaped the law and slipped out of the country.

Delhi court orders attachment of Mallya's properties in Bengaluru

It had declared Mallya a proclaimed offender for evading summons in a FERA violation case.

11 Oct 2018 2:21 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI sticking with plan to force payments firms to store data locally:...

Governments globally are enforcing more stringent rules to protect user data.

11 Oct 2018 12:05 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Fuel prices continue to rise, petrol costs Rs 87.82/ litre in Mumbai

Petrol and diesel rates being hiked by 10 paise and 27 paise respectively in Delhi.

11 Oct 2018 11:05 AM IST

ATF accounts for a substantial chunk of the operational expenses incurred by airlines.(Representational Image)

Excise duty on aviation turbine fuel lowered to 11 per cent

Jet fuel was priced at Rs 47,013 per kl in July last year and has risen by 58.6 per cent since then.

11 Oct 2018 8:54 AM IST

The previous high quarterly GDP growth was recorded in July-September period in 2014-15 at 8.4 per cent. (Representational Image)

IMF flags financial stability

India's debt is lower than the best or emerging market economies in the world, a top IMF official has said.

10 Oct 2018 11:56 PM IST

Defence Minister Nirmala Sitharaman on Saturday said that the entire might of the Government has been invoked to pin the culprit Nirav Modi in the Rs 11,000-crore PNB fraud case. (Photo: ANI | Twitter)

Sitharaman blames UPA for bad loans, defaulters fleeing country

Public and private sector banks are all facing difficulty due to this.

10 Oct 2018 2:01 PM IST