New Delhi: Oil and gas production from Indian assets overseas is increasing, while the domestic output is on the decline. Indian oil companies’ share in the output from overseas oilfields increased two-and-a-half times in the last five years to 24.7 million metric…
The U.S. shale market’s growth rate peaked last year, as per a survey of major forecasters, cooled by investors asking for financial returns over the surging oil output. Nearly 1.3 million barrels per day (bpd) of new U.S. shale oil should come…
Mumbai: Hyderabad-based vaccine manufacturer, Bharat Biotech, and Research firm, Hilleman Labs, are coming together for Phase 3 trials of a Cholera vaccine which can positively fill supply gap. HillChol, the oral vaccine, will be put into Phase 3 of clinical trials by…
Ahead of the G-20 Summit in Japan, Donald Trump demanded from Prime Minister Narender Modi, the withdrawal of trade tariffs, calling them “unacceptable”. Trump and Modi are to hold a bilateral summit in Osaka in Friday. Trump Has passed several comments in…
Federal Reserve Chairman Jerome Powell said that the US central bank is “insulated from short-term political pressures,” and that its policymakers are struggling with whether to reduce interest rates as President Donald Trump has asked. “The Fed is insulated from short-term political…
FedEx Corp, the global parcel delivery firm, on Monday, sued the US government, stating that it should not be held liable if it accidentally ships products that fail a Trump administration prohibition on exports to Chinese companies. The step came after FedEx…
Juul, an e-cigarette giant, on Wednesday, came against San Francisco supervisors, who permitted a measure to ban the sale of e-cigarettes in the city. If the legislation is accepted, San Francisco would become the first city in the country to take such…
Pfizer Inc. announced on June 17 that it would acquire Array Biopharma Inc. in cash for a sum of $10.64 billion, with the hope that this deal will help revolutionize Pfizer’s oncology drugs pipeline. A hefty premium of 62% was agreed upon…
US Secretary of State Mike Pompeo has unveiled that he faced a “tough” time as a businessman in Bengaluru and Chennai while trying to trade machine components for the aerospace sector in the country. Pompeo stated this before a Washington audience in…
Indian energy giant, Adani Group, received the final regulatory approval to commence work on its controversy-hit Carmichael Coal Mine project in Queensland, Australia. This clearance was obtained after the Queensland state authorities approved Adani Group’s groundwater management plan. The clearance for the…
