RIL is insisting on a more relaxed contract for committing more gas to NTPC.
With RIL's KG-D6 output playing truant, steps need to be taken to stabilise the country's natural gas production.
When people get used to something, they want more of it. But gas will always be short in India. All estimates of gas demand are hugely pessimistic.
The government will reserve the right to decide on the cost recoverability of royalty from Cairn India's block in Barmer while clearing Cairn Energy's sale of its Indian subsidiary to Vedanta Resources.
The government had in July 2010 imposed a cess on coal at an effective rate of Rs 50 a tonne.
There was a time when gas was offered to India at a cheaper price but we could not close those deals.
The company is also looking to expand the supply of gas by roads and is evaluating creation of small storage hubs along the highways.
As Partha S Bhattacharyya steps down as CMD, the search for a successor is being keenly watched.
Plans 'complete' agricultural solution in mining areas
The Gurgaon-based company, which is in negotiations with Chinese banks, expects to clinch the loans by September.
At present, the auto sector accounts for about 60 per cent of India's current machine tool demand.
Tata had signed a memorandum of understanding with Bangladesh in 2004 for one of the largest foreign direct investment in that country.
At a time when Emami Ltd is hitting the headlines with news on acquisitions and foreign ventures, Aditya V Agarwal, a director and one of the younger scions of the group, shares his thinking with Shine Jacob.
The development holds bilateral significance, as both India and Bangladesh had decided to improve economic ties in a 'win-win' mode during Bangladesh Prime Minister Sheikh Hasina's visit earlier this year.
As Air Force One landed in India's financial capital with promises of bonding between the United States and the country in many sectors, one of the key people missing from Barack Obama's 200-member business delegation was, The Dow Chemical Company chief.
Areva has 60-Mw of biomass-based power capacity in India. It is looking to also tap the market for nuclear power in a big way.
Last week, the Indian markets were all about coal. However, amidst the hype over the debut of Coal India Ltd (CIL) on domestic bourses, what was mostly overlooked was the brand new logo of the world's largest coal miner.
Reliance Industries Ltd's legal battle over the Uttar Pradesh government's decision to impose 21 per cent value-added tax on gas is holding up supply to NTPC's two power plants and Indian Oil Corporation's Mathura refinery, despite a group of ministers making allocation to them.
Last week, Chandra Shekhar Verma did something rather uncharacteristic for a state-owned company chieftain, especially one reputed to be a stickler for rules. The Steel Authority of India (SAIL) chairman - its youngest ever - openly criticised the government.
If the waxy crude oil from Cairn's Mangala field in Rajasthan's Barmer area could get the company such high valuations, the prospects of other companies producing higher-grade crude oil or natural gas certainly brighten.
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