In the last 3 months, rupee has depreciated 16% against dollar.
BG Exploration and Production India, a part of UK-based BG group and Reliance Industries, hold 30 per cent stake each in the field, while ONGC has a participating interest of 40 per cent.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
The company has been in talks with ConocoPhillips and Shell for some time. It now says the MoD's stringent norms on exploration in 'no-go' areas is posing a big challenge in taking the deal forward.
The 4G service may use Reliance Retail, with a surging customer base, as the launch pad
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
Reliance Gas, which had successfully bid for three cities -- Rajahmundry in Andhra Pradesh, Shahdol in Madhya Pradesh and Yanam in Pondicherry -- during the second round of bidding for CGD in 2009.
Over 60-70% of the guests at five-star hotels are foreigners. However, hotels say, if dollar remains at this level, the mix could change.
Petroceltic is headquartered in Dublin with offices in Edinburgh, London, Algiers, Varna, Cairo and Rome.
Reason behind for the change in his stance: gas price increase.
Since January 2011, a third of firms making such offers failed to meet new floor; current penalties would have been hefty.
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The notice also said service tax amounting to Rs 28.08 crore (Rs 280.8 million), in addition to education cess of Rs 56 lakh and secondary and higher education cess of Rs 28 lakh (Rs 2.8 million) for the period between October 2007 and September 2012, should be recovered from Amity under the provision to sub-section 1 of section 73 of the Finance Act.
Reliance Industries Limited (RIL) is set to carry out a major restructuring exercise. Nine of its retail units would be merged with Reliance Retail and Reliance Fresh.
The company adopted the scheme from parent Suzuki, where employees are rewarded for making suggestions to improve productivity and cut wastage.
The price would increase from $4.2/mbtu to $10/mbtu if Rangarajan formula is accepted.
As growth in its traditional stronghold stagnates, it is diving into business areas where competition is cutthroat.
A large part of this investment, about Rs 5,000 crore (Rs 50 billion), would go to the Paradip refinery
Oil marketing companies decrease distribution & production of fuel brands after huge drop in demand.
Unless new members are inducted at jet speed, the strength of Tata Sons board will come down to four in July.
Mukesh and Anil will announce two more infrastructure-sharing agreements by mid-June.
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