Indian state refiners plan to cut oil imports from Saudi Arabia by about a quarter in May
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday. IOC will take delivery of two million barrels of the North Sea crude in each of May and June, one of the sources said.
Further details on the trades were not yet clear. The move follows the Indian government s call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world s third-largest crude importer, and Saudi Arabia, the de-facto leader of the Organization of Petroleum Exporting Countries (OPEC).
Attractive Opportunities in the Heat Transfer Fluids Market texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Govt plans independent entity under NIIF to act as investment manager for InvITs, REITs
March 14, 2021
Govt sets asset monetisation targets for eight ministries
The government is weighing a plan to mandate the National Investment and Infrastructure Fund (NIIF) with the task of setting up an independent entity to act as investment manager for all infrastructure investment trusts and real estate investment trusts, floated by ministries and Central public sector enterprises, as part of a programme to raise ₹2.5-lakh crore through monetisation of assets.
“Considering the key role played by investment manager in the InvITs/REITs governance structure, the NITI Aayog has suggested that the practice of nominating one of the subsidiary companies of the CPSEs undertaking asset monetisation as investment manager should be avoided,” said a government official.
March 11, 2021
Glass ceilings: History was created when Nishi Vasudeva became the first woman to take charge as the Chairman and Managing Director of a navaratna company in 2014 - PRASHANT NAKWE
Glass ceilings: History was created when Nishi Vasudeva became the first woman to take charge as the Chairman and Managing Director of a navaratna company in 2014 - PRASHANT NAKWE×
Help women move up the ladder, experts say On March 7, India’s largest integrated power company, NTPC Ltd, announced its plans for recruiting only women executives as a special drive across its areas of operations In January 2021, Soma Mondal became the first woman to head the Steel Authority of India Limited (SAIL)
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