
Baidu Secures License for Driverless Taxis in Shenzhen

IOC to Buy 10 Medium-Range Oil Tankers from Indian JV
Indian Oil Corporation (IOC) is expected to place an order for at least 10 medium-range oil tankers from a joint venture led by the Shipping Corporation of India (SCI), with the vessels to be constructed at an Indian shipyard, sources said.As the world’s third-largest oil importer and consumer, India relies heavily on hired vessels to transport energy supplies. The government has been keen to secure energy supply lines, prompting IOC and other state-owned oil firms to explore building ships domestically, which would also generate employment.Earlier proposals to establish a shipping company i..

Adani Power Leads India’s Private Coal Power Sector
Adani Power Limited (APL) has firmly established itself as India’s largest private coal-based independent power producer (IPP), with a portfolio of 18,150 MW across 12 plants in eight states, according to a Morgan Stanley research report.The company has successfully acquired and turned around 4,370 MW of stressed assets, with integration of another 2,900 MW currently underway. APL has consistently maintained plant availability above 90 per cent, supported by digital operations and in-house coal sourcing and logistics expertise.APL has emerged as a leading coal franchise, holding an 8 per cen..

Oil India Expects $20bn Mozambique LNG Project Restart This Year
India’s state-run Oil India Ltd expects the $20-billion Mozambique liquefied natural gas (LNG) project, operated by TotalEnergies and in which it holds a stake, to resume development by the end of 2025, Chairman Ranjit Rath said on Thursday.Construction was halted in 2021 and force majeure was imposed following a deadly attack on the site by Islamic State-linked insurgents.“With improved security conditions, the project is expected to restart in the second half of 2025 and is well-positioned to meet the growing demand of the Indian gas market,” Rath stated at the company’s annual share..