India News
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Updated 33 minutes ago
Portman Holdings Ltd., an Atlanta- based developer expanding in the Asia-Pacific region, plans to use its recently set up Hong Kong operation to tap international investors to fund property projects.
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Updated 27 minutes ago
Royal Dutch Shell Plc’s $1.6 billion bid for Cove Energy Plc starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more gas than Norway’s entire reserves.
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Updated 18 minutes ago
President Barack Obama should release crude from the Strategic Petroleum Reserve to stem rising gasoline prices, three U.S. House Democrats said, a move the energy industry opposes.
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Updated 11 minutes ago
India allowed airlines to directly import jet fuel to help cut operating costs by saving as much as 30 percent in local taxes.
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Ceres Inc., a developer of energy crops used in the production of biofuels, rose 13 percent in its first day of trading.
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Al Khaleej Sugar Co., the world’s largest sugar refinery, is selling raw sugar from Brazil back to the world market as it expands purchases from India, according to Fazalur Rahman, general manager of finance.
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Officials from the International Atomic Energy Agency, sent to Iran to defuse tensions over the country’s nuclear program, were denied access to a military base and said the talks “couldn’t finalize a way forward.”
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The ruble strengthened against the dollar and bond yields fell to a six-month low as Iranian oil disruptions spurred demand for Urals crude, Russia’s chief export earner.
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Nokia Oyj, the world’s biggest maker of mobile phones, plans to expand its handset lineup to attract hobby photographers and first-time smartphone users at the World Mobile Congress in Barcelona next week.
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Indian utility executives, including Reliance Power Ltd. Chairman Anil Ambani, asked the government for faster environmental approvals for coal mines to help increase electricity generation and ease costs.
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