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Tata Power net profit rises over 31 pc to Rs 632 cr in Mar qtr
May 7, 2022
Source: Energy World

Tata Power net profit rises over 31 pc to Rs 632 cr in Mar qtr

"Consolidated PAT before Exceptional Items up by 76 per cent YoY (year-on-year) at Rs 775 Crore in March quarter vs Rs 440 Crore in Q4 FY21 (March quarter), " the company said in the statement.

Lajita Rajesh quits AECOM to join Cairn Oil & Gas as General Counsel
March 23, 2022
Source: Bar and Bench

Lajita Rajesh quits AECOM to join Cairn Oil & Gas as General Counsel

A 1995 law graduate from University of Delhi, Rajesh has close to 27 years of work experience as an in-house counsel and at law firms. Her key areas of practice and experience include high value commercial contracts, litigation, M&A, project financing, dispute resolution, ethics & compliances etc.

India refunds $1 bn in tax row with British energy firm Capricorn
Feb. 26, 2022
Source: Energy World

India refunds $1 bn in tax row with British energy firm Capricorn

A 2012 tax law gave New Delhi the power to claim back taxes from enterprises that had acquired assets of local companies in past deals.

BPCL, Hero MotoCorp tie up to set up charging infra for 2-wheeler EVs
Feb. 23, 2022
Source: Energy World

BPCL, Hero MotoCorp tie up to set up charging infra for 2-wheeler EVs

The two firms will first set up a substantial charging infrastructure at BPCL's existing petrol pumps and may subsequently broaden the collaboration to develop more synergies within the EV ecosystem and adjacent business verticals.

Delhi govt replacing its old diesel and petrol vehicles with electric vehicles
Feb. 21, 2022
Source: Energy World

Delhi govt replacing its old diesel and petrol vehicles with electric vehicles

"It is being done on case-to-case basis keeping in mind the relatively higher prices of electric vehicles as compared to conventional vehicles," said a senior Delhi Government officer.

Green energy push: Delhi govt to launch guidebook for e-vehicle chargers at shopping malls
Feb. 3, 2022
Source: Energy World

Green energy push: Delhi govt to launch guidebook for e-vehicle chargers at shopping malls

On average, a person spends about 90 minutes inside a shopping mall on each visit and that time can easily be utilised for quick charging of an electric vehicle.

"Vedanta looks to rejig group, list businesses separately  "
Nov. 19, 2021
Source: Energy World

"Vedanta looks to rejig group, list businesses separately "

While the London-based parent will continue to be the holding company of the diversified mining group, Vedanta Ltd and the three businesses will operate parallelly as independent, listed companies.

Time not right to bring petrol and diesel under GST: FM Sitharaman
Sept. 18, 2021
Source: The Tribune

Time not right to bring petrol and diesel under GST: FM Sitharaman

Meeting in-person for the first time after two years, the GST Council on Friday reduced or waived cess on a large number of critical-use medicines but decided that this wasn’t the right time to bring petrol and diesel under GST. The Council also agreed that collection compensation cess, which is over and above GST, will continue to be collected on alcohol, tobacco products, large vehicles, coal and aerated water till March 2026 “for the specific purpose of repayment of loans taken’’ to pay states, said Finance Minister Nirmala Sitharaman at a media briefing in Lucknow. “There has been a lot of media speculation on whether petroleum products will be brought under ambit of GST. I make it absolutely clear that this came on today’s agenda purely because of the Kerala High Court order.

Govt sensitive to fuel price rise, relief in coming month: Oil min Puri
Aug. 25, 2021

Govt sensitive to fuel price rise, relief in coming month: Oil min Puri

Union Petroleum Minister Hardeep Singh Puri on Tuesday said that the Central government is sensitive to fuel price rise while also hinting that the public might get relief (in terms of fuel price) in the upcoming month. "Central Government is very sensitive to this issue (fuel price rise) but it is also very sensitive to see the other responsibilities that we have," Puri said while addressing a press conference. Further, saying that the issue needed to be seen in a larger context, he said, "The central tax on fuel has remained the same at Rs 32, but since the VAT by states is set in percentage, their tax increase as the price of petrol increases internationally."

IEF New Delhi-Debate on future of Energy gains momentum
April 11, 2018
Source: Economic Times

IEF New Delhi-Debate on future of Energy gains momentum

At the 16th International Energy Forum (IEF) Ministerial in New Delhi, oil ministers and top executives from major companies across the globe have come together to debate the way forward for the energy sector. The focus shall be on how global shifts, transition policies and new technologies influence market stability and future investment in the energy sector.

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