bp appoints Kartikeya Dube as Head of Country-India region
New Delhi: bp has appointed Kartikeya Dube as the Head of Country (HoC), bp India, replacing Sashi Mukundan, who has led the oil and gas major’s India operations for the last 15 years. Dube, a chartered accountant by training, will take over as the HoC for India and Senior Vice-President, gas and low carbon for India, with effect from July 1, 2024.

Vedanta plans to invest $20 bn in India in 4 years; will sell steel biz only at right price: Anil Agarwal
Vedanta to invest $20 bn in 4 years in India: Agarwal
The Financial Express

Jindal Stainless announces expansion plans worth Rs 5,400 cr, including a Indonesian JV and an acquisition
Jindal Stainless charts ₹5,400-crore expansion plans in India and overseas 
The Hindu Business Line

Govt cuts windfall tax on crude petroleum to Rs 8,400 per tonne
The government has cut windfall tax on domestically produced crude oil to Rs 8,400 per tonne from Rs 9,600 per tonne with effect from Wednesday.

Petrol sales up 12.3%; diesel slides 2.3% in Apr
New Delhi: India's petrol consumption soared 12.3% in April, but diesel sales continued to slide despite the country entering into hectic electioneering for general elections, preliminary data of state-owned firms showed on Wednesday. Petrol sales of three state-owned firms, which control 90% of the fuel market, rose to 2.97 million tonnes in April compared to 2.65 million tonnes of consumption in the same period last year.

Indian Oil Corporation Q4 Results Live : profit falls by 49.96% YOY
Indian Oil Corporation Q4 Results Live : Indian Oil Corporation declared their Q4 results on 30 Apr, 2024. The topline decreased by 3.06% & the profit decreased by 49.96% YoY.

Adani Total Gas net rises 71.5% to Rs 167.96 crore
Adani Total Gas (ATGL) has posted a 71.5% rise in net profit at Rs 167.96 crore for the quarter ended March, compared with Rs 97.91 crore posted during the year-ago quarter. The Adani group’s city gas distribution (CGD) company’s revenue from operations rose 5.1% to Rs 1,258.37 crore.

Coal India production rises 7% in April
State-owned CIL on Wednesday said its production increased 7.3% to 61.8 million tonnes (MT) in April. The company had produced 57.6 MT of coal in the corresponding month of the previous fiscal, Coal India Ltd (CIL) said in a filing to the BSE.

India woos foreign investors for big push to critical minerals sector
New Delhi: Invest India on Tuesday highlighted the huge business opportunity for critical mineral processing in the country to foreign investors with details of fiscal and non-fiscal incentives being offered to push growth in the sunrise sector.