What makes India a hotspot for global oil firms

Experts say local demand, government policies in retail and refining sector are attracting foreign players. Photograph: Lucy Nicholson/Reuters With Saudi Aramco planning to pick 20 per cent stake......

Oil import bill for FY19 seen rising 42%

The benchmark Indian crude oil basket is now estimated to average $77.88 a barrel for FY19, compared to the government's earlier estimate of $65 a barrel for the year and $56.39 for FY18......

Duty rejig on petrol, diesel to give Rs 40K cr for road projects

Finance Minister Arun Jaitley on Saturday rejigged excise duty on petrol and diesel to make available an additional Rs 40,000 crore (Rs 400 billion) for road and highway development. Petrol......

Not much for Anil Ambani to renegotiate: Experts

There is nothing much for Anil Ambani group firm Reliance Natural Resources Ltd to renegotiate with Reliance Industries Ltd, as the price and quantity of gas it is seeking will be dictated by the......