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President's address to the Parliament

Following is the trascriptof President Pratibha Patil's address to the joint sittingof Parliament on Thursday.Honourable Members, I convey my good wishes to you and to all our people. On behalf of......

Cut off the gas, we cut off the water

Now that the photo-ops, the platitudes and declarations of mutual love and respect have been reiterated, let us review where we stand after the two-day visit by Pakistan Prime Minister Shaukat Aziz......

India makes first crude oil purchase for strategic reserve

India's fast-growing economy has become the world's fourth-largest oil consumer after the United States, China and Japan. India has bought the first oil for its strategic petroleum reserve (SPR),......

IOC lines up $2bn to buy E&P firm

Indian Oil Corporation Ltd is eyeing a mid-sized oil exploration and production company for strategic acquisition at a cost of $2 billion, according to IOC chairman M S Ramachandran. Ramachandran......

India may double oil reserves

India is considering doubling to 10 million tonnes the capacity of strategic oil reserves it is building as an insurance against supply disruptions, to take advantage of current low interest rates......

Cabinet nod sought for oil reserve

The petroleum ministry has sought the Cabinet's approval for setting up five million tonnes of strategic crude reserves in the country.The cost of the project is estimated at Rs 1,225 crore (Rs......

Oil reserves: Team to visit US, Japan

India will send a technical team to the United States and Japan to prepare a blueprint for building strategic oil reserves for the 70 per cent import-dependant country as an insurance against......
  Web results for Indian Strategic Petroleum Reserves Ltd
OVL interested in acquiring 10% more of Russian oil firm

New Delhi: State-owned ONGC Videsh Ltd (OVL) has evinced interest in acquiring another 10% in Russia's second-largest oilfield (by production),... ...
Royal Dutch Shell keen to lease Mangalore strategic oil storage

NEW DELHI: Royal Dutch Shell is in talks to lease India's new strategic oil caverns at Mangalore on the country's southwest coast, two sources... ...
NDA woos workers with fresh sops

New Delhi: T he National Democratic Alliance (NDA) on Thursday moved to make workers an ally in its reform agenda. Talking politics, it... ...
Daily Market Strategy - Surprise on the Street! Gap up opening and F&O choppiness

Surprise is the greatest gift which life can grant us. - Boris Pasternak The stock market continues to spring surprises at regular intervals.... ...
Sensex sheds 324 points, Nifty falls most in 1 month, rupee at near 2-year low

5:00pm: The Indian rupee erased all its early morning gains and closed at near 2-year low against the US dollar after local equity markets fell... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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