The petroleum ministry has recommended a hike in the foreign direct investment cap in government-owned refineries to 49 per cent from the current 26 per cent.
The Chartered Financial Analyst institute has filed a petition in the Delhi high court seeking a stay on the notice, even as it has decided to give $300 (Rs 12,300) to each of its 7,000 students to write the June 3 examinations outside India.
About 7,000 Indian students registered with the Chartered Financial Analyst institute are unlikely to appear in their examinations scheduled for June 3.
For sometime, satellite-based management education has come to the aid of senior managers who never went to a business school.
Interest from Malaysia's Petronas in Cairn India and Swiss Petroplus in Cairn India's parent, Cairn Energy, saw the shares of both the companies gaining on the bourses.
Essar Energy Holdings, a part of the Essar group, has acquired an oil and gas exploration block in Nigeria in the latest round of bidding. The shallow offshore block is completely owned by Essar Energy.
However, with the country forecast to become the fifth largest consumer in the next 20 years, analysts are positive that the percentage of deals in the country will increase substantially.
Supply of the much-needed gas to Dabhol is set to be delayed again. The reason: shortage of pipes required to build the Dahej-Uran pipeline which will feed the gas to the plant.
The Bill, to be called the Draft Engineers Bill, will propose setting up a separate statutory authority which will lay down specifications for competency in professional engineering practice.
The rising rupee over the last three months has brought cheer to the oil marketing companies, who have together added around Rs 250-300 crore (Rs 2.5-3 billion) to their operating profits already.
In a bid to attract "big oil" to India, the government is close to finalising an Open Acreage Licensing Policy, which gives companies a round-the-year window to pitch for oil and gas in blocks of their choice.
The petroleum ministry has projected a strong year for the oil marketing companies though the largest exploration company, Oil and Natural Gas Corporation, is projected to post a moderate gain in its bottomline.
International hospitality majors such as Four Seasons Hotels and Resorts, Starwood Hotels and Resorts, and Jumeirah International are all planning to establish their presence in the country.
Maharashtra will get some respite from its power crises next week
Over 20 premier Indian B-schools have jointly decided to present a white paper to the All India Council for Technical Education, recommending that instead of regulating them, the governing body should facilitate the growth of management education in
The Indian Institute of Management, Bangalore, has called off its plan to start full-time operations in Singapore. Instead, it is exploring tie-ups with institutes in Singapore to offer Executive MBA (EMBA) programmes.
The quantum of hike had not yet been worked out, but it was likely to be Rs 2 a litre for petrol and Re 1 a litre for diesel.
Tata Motors may soon set up a car manufacturing unit in Egypt, North Africa. The car major is said to have held talks with an eight-member high-level delegation from Egypt.
The proposal to hive off the LNG terminal at the revived Dabhol power plant in Maharashtra is likely to be scrapped, with promoters and financiers agreeing to pump in Rs 24 billion to restart construction work at the plant.
Working students, shortlisted by the Indian Institutes of Management for admission to this year's batch, are on the tenterhooks since many of them have put in their papers and are serving notice periods.
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