ConocoPhillips said Wednesday that it would sell 600 company-owned gasoline stations in the United States to PetroSun West for $800 million, completing the oil major’s exit from the low-margin, highly competitive retail business. (more…)

Investing in windmill on one’ s roof top has become a new trend these days. As there is frequent power cut in India , investing in windmill not only generates electricity needed for a house but also makes it free from power cuts. Beneficiaries of carbon trading are those investing in windmills, Biodiesel, biogas etc.
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Power sector - 58 %
Road and Transport - 14 %
Other Industry - 28 %

Coal amounts for as much as 47% of commercial energy sources. The shares of Natural Gas and petroleum are 20 % and 11 % respectively. The total renewable energy consumption including biomass is around 30% of the total primary energy consumption in India.
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According to one report by the U.S department of energy, Indians energy consumption has increased by 208 percent from 4.16 quadrillion Btu (quads) in 1980 to 12.8 in 2001. Percapita power consumption also increases from 15 units during independence to 592 units in 2005. (more…)

Public sector banks participating in the Rs.70000crore farm debt waiver programme have asked for payment of interest on the written-off loans owing to the delay in reimbursements by the Government.
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Here is some bad news for those Indian Americans who are thinking of returning home permanently or moving to another country from America. If you are an American national thinking of giving up your US citizenship or a green card holder who is thinking to give green card then you may have to think again.
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As RBI maintains its current monetary policy, tight liquidity conditions are expected to continue for some more time. Top bankers say that RBI was unwilling to relent on extending the repurchase operations to special government securities that include subsidy bonds, SBI right and IDBI bonds.
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A day after top officials of IT major Infosys expressed their concern regarding the traffic situation in and around Chennai, its hometown rival Wipro followed suit. Wipro Technologies’ chief information officer Laxman K Badiga, interestingly a member of the Tamil Nadu IT Task Force, told reporters that they might expand faster in tier-II locations like Coimbatore if Chennai’s infrastructure issues were not sorted out. (more…)

Indian economy has given a feel good factor to the NRIs, especially in the real estate sector. Many avenues are being created as well as schemes being fashioned for them to maximize investments from abroad. (more…)

Many states in India have learnt to live with a power shortage every summer. To increase generation capacity the State governments are encouraging merchant power projects. At an early stage they could not be guaranteed 14 to 16 percent return on investment because of the power purchase agreement. (more…)