Eight core industries grew at a slower pace of 2.1 per cent in August, as against 3.8 per cent in the same month last year due to negative growth in crude oil, natural gas, fertiliser and cement.

Expect a popular backlash if the government raises diesel prices to halt the subsidy drain on its finances - not only from the millions of poor who need cheap fuel but from increasing numbers of the w

State-run producer Oil & Natural Gas Corp reported a higher-than-expected 48 per cent jump in quarterly profit as the company benefited from higher crude oil prices and foreign exchange fluctuations.

State-run Oil & Natural Gas Corp's net profit more than doubled in the fourth quarter, as the company benefited from higher crude oil prices and foreign exchange fluctuations.

ONGC, India's third-big

Consumers may have to bear another round of price hike in auto and cooking fuels as the government is mulling a review in the wake of soaring cost of crude and pressure from state-run oil marketing co

Finance Minister Pranab Mukherjee on Sunday said the government will take 'corrective decision' in consultation with all stakeholders to deal with the impact of rising crude oil prices on public fi

Oil prices climbed on Tuesday after debt-laden Greece secured a huge bailout and as traders kept a close watch over Iran, analysts said.

Crude prices had reached their highest levels in nine months

India has not asked its refiners to cut crude oil purchases from Iran, which is facing tough US and European sanctions over its nuclear programme, a top Oil Ministry official said today.

"There is no

Iran has given a one-month ultimatum to an Indian consortium over the development of a gas field whose delay by India has been attributed to western pressure, the semi-official Fars news agency report

Iran faced the prospect of cutbacks in its oil sales to China and Japan as new measures to block Tehran's crude exports over its nuclear program appeared to be driving its economy to the wall.

The de