energy mix as some industries are looking at switching back to coal and petcoke, a top bureaucrat in

A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world's oil refining capacity by half in 2050, consultancy Rystad Energy says." Going forward we will be touching by 2050 somewhere very close to 90% of electrification," Mukesh Sahdev, senior vice president and head of downstream at Rystad Energy said, adding that this scenario would probably lead to a 50% decline in global refining capacity. Electric vehicles will cut global consumption o

India's fuel consumption showed flattish growth in December 2021 ahead of fresh restrictions kicking in to control the surge of a new variant of coronavirus that is likely to further dampen demand, according to official data released on Tuesday. Total petroleum product consumption in December 2021 stood at 18.43 million tonnes, compared with 18.36 million tonnes in the same month last year.... This after a rise in demand for transport fuel was negated by a fall in industrial fuel. The consumpti

Frequent weather shocks caused by climate change pose challenges for the monetary policy as well as downside risks to economic growth, a Reserve Bank report said.... Global average temperatures are on a rise, with accompanying increase in extreme weather events( EWE), and the economic and social impact of global warming is becoming increasingly evident, said RBI's Monetary Policy Report April 2024.... ALSO READ: RBI widens door for foreign participation in green bonds: What this means" For the

The yield on the benchmark 10-year government bond rose to a two-month high on Monday, tracking a rise in US Treasury yields.... In April, the yield on the 10-year benchmark government bond has hardened by 10 basis points( bps).... Rates have been rising globally, so India can't be an outlier....

A beleaguered Indian billionaire is redrawing the contours of his empire in a way that minimises friction with his bigger rival.... That threat is receding. Adani’s consumer finance franchise, which he was preparing last year for a public float, is being sold to Bain Capital.... Any such move, which the group has refused to comment on, may serve a twin purpose....

A beleaguered Indian billionaire is redrawing the contours of his empire in a way that minimises friction with his bigger rival.... That threat is receding. Adani’s consumer finance franchise, which he was preparing last year for a public float, is being sold to Bain Capital.... Any such move, which the group has refused to comment on, may serve a twin purpose....

Along the Arabian Sea, the Indian city of Jamnagar is a money-making machine for Asia’s richest man, Mukesh Ambani, processing crude oil into fuel, plastics and chemicals.... It’s also where the billionaire is making his newest bet: a$ 10 billion investment in green energy.In a swath of arid land, to the city’s southwest, Ambani’s Reliance Industries Ltd., owns the world’s biggest oil refining complex.... The Middle Eastern energy firm Saudi Aramco is in discussions for the purchase of a rough