India´s crude oil refinery output declined 4.3 per cent to 18.55 million tonne (mt) in August 2014, continuing the downfall for the fifth straight month.

Bharat Petroleum Corporation Ltd (BPCL) plans to invest Rs13,000 crore in energy exploration and production in Mozambique and Brazil over the next four years.

India's heavy and growing dependence on imported energy is putting financial strain on the economy. More than half of India's $191 billion trade deficit in the financial year 2012-13 was due to oil imports,

The Paradip Port Trust (PPT) set a new record in crude oil cargo discharging. MT Spartan Warrior, a crude oil tanker, discharged 1.96 lakh metric tonne of crude oil at the Single Point Mooring (SPM)-2 in less than 24 hours surpassing the previous record of

The Macroeconomic and Monetary Developments 2014-15 update is released by Reserve Bank of India along with its first bi-monthly monetary policy statement for 2014-15. As per the macroeconomic update, the industrial growth is stagnating. The Index of Industrial Production (IIP) showed no increase during April-January 2013-14, compared with 1.0 per cent growth in the corresponding period of the previous year. This stagnation in growth over two years reflects subdued investment and consumption dema

Amid the anxiety and the anticipation awaiting the next Union government, as the country goes into polling mode, the infrastructure sector got some news to cheer about. The decision of the Planning Commission to propose the setting up of a Cabinet committee on transport, a move that could lead to speedy decision making in the sector, is a welcome move.

The US India Political Action Committee (USINPAC) is a bipartisan organisation working through economic diplomacy to impact policies concerning the Indian-American community in the US. Robinder Sachdev, Director of India Affairs, USIPNAC, speaks to Devarajan Mahadevan on the latest issues that the entity is trying to resolve between the two countries.

Mundra port in Gujarat has handled 100 million tonne (mt) of cargo during 2013-14, joining an elite club of global ports that have reached this mark. Mundra also became India's biggest port in terms of cargo handled. Mundra port surpassed Kandla port, located just 60 km away on the Gulf of Kutch in Gujarat, in terms of the amount of cargo handled.

The increase in the handling of crude oil and coal cargoes at New Mangalore Port has helped it to register a 6.4 per cent growth in traffic handling during the first 11 months of the present fiscal year. The port handled 35.76 million tonne (mt) of cargo from April 2013 to February 2014 as against 33.61 mt in the corresponding period of the last financial year.