Solar project developers continued to face uncertainties in 2018-19 as central and state government agencies as well as a private distribution company cancelled bids for 8,000 MW.

HPCL, a subsidiary of state-owned Oil and Natural Gas Corp (ONGC), won licences to retail CNG to automobiles and piped natural gas to households in nine cities in Uttar Pradesh and West Bengal.

The unsecured, non-convertible redeemable debentures offered 8.95 per cent return with a 10-year maturity

Retail inflation slows down to 9-month low level in JulyRetail inflation plunged to a 9-month low of 4.17 per cent in July as vegetable prices fell, strengthening views that the RBI will keep interest rates on hold at its review in October after raising them for a second straight meeting on August 1. The RBI has raised the key repo rate by 0.25 per cent each on inflationary concerns. The next bi-monthly policy is to be unveiled on October 5. Ease of Living Index: Pune ranks first ...

Also to increase capacity of existing stations, Indraprastha Gas Limited (IGL) is installing additional 40 to 50 dispensers by August-end.

Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities on its own and another nine, including Allahabad, in joint venture with state-owned Indian Oil Corp (IOC).

CNG has become one of the most preferred automobile fuels in India. The prime reasons for its wide acceptance are cost advantage, clean nature, and a high calorific value.

The stock is down 20.09% since the beginning of this year. It has gained 31.05% during the last one year. The IGL stock has gained 5.89% during the last three days.  The stock opened with a gain of 2.05% today.

Asian shares joined a global rally and scaled a fresh decade peak on Wednesday as strong world growth and rising corporate profits lured hordes of investors into equities, while oil prices jumped on expectations of a production cut. Japan's Nikkei was up 0.8 percent and South Korea's KOSPI climbed 0.4 percent. Australia's benchmark S&P/ASX 200 index inched higher towards critical chart level of 6,000 points.

Tata Global Beverages September-quarter group consolidated net profit at Rs 144 crore versus profit of Rs 127 crore last year. Eicher Motors Q2 consolidated net profit at Rs 518 crore versus profit of Rs 413 crore last year. Shares slip 1.67 percent to 30,050 level.

Market breadth was positive with 1,485 stocks closing higher against 1,230 ending in the red on the BSE. 141 stocks remained unchanged.

Rate of natural gas produced from existing fields of state-owned Oil and Natural Gas Corp (ONGC) and Reliance Industries has been cut to $2.5 per mmBtu for a 6-month period from October 1, from $3.06 per mmBtu currently.