The report, submitted to the government last week, says the slow pace of field development is the reason production has fallen to 50 million standard cubic metres a day (mscmd) from a peak of 60 mscmd last year.
State transport undertakings are warming up to the multinationals despite premium pricing
ONGC went for a stock split in preparation for a follow-on issue that is expected to hit the market in the second quarter of 2011-12.
Reliance Industries Ltd (RIL), the operator of the KG-D6 gas block, has told the government it cannot comply with its latest directive on prioritising gas supply.
Premium car makers which do not produce models locally, but assemble these in India are busy exploring ways to avoid a price rise in the wake of the government's new duty structure.
New players in the organised branded garment retail industry such as Koutons and Cantabil along with a host of other brands are going through a tough time, thanks to the rapid expansion via debt and their deep discounting model.
It plans to invest Rs. 10,000 crore to set up a power generation capacity of 2,500 Mw near Pune.
With RIL's KG-D6 output playing truant, steps need to be taken to stabilise the country's natural gas production.
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.
General Motors India, the joint venture company of General Motors, US, and Shanghai Automotive Industry Corporation, China, is looking to sell small-capacity engines made from its Maharashtra plant to companies willing to have a sourcing pact with it.
Finance Minister Pranab Mukherjee had proposed to introduce a service tax of five per cent on hotel room charges and three per cent on air-conditioned restaurants that serve liquor.
Car and sports utility vehicle makers say they're taken aback by the Union finance ministry's proposal to bring locally assembled models into the same duty structure as imported units. They say the move would cripple demand, following a substantial rise in vehicle prices.
There was a time when gas was offered to India at a cheaper price but we could not close those deals.
Automaker Mahindra & Mahindra (M&M) has offered to rectify a problem in the gearbox of some of its 110cc Stallio motorcycles.
After prospects of a higher subsidy outgo on food and fertilisers, the government is faced with the spectre of a higher petroleum subsidy. Rising crude oil prices and its inability to increase fuel prices is all set to spoil the government's subsidy calculations. The country meets 80 per cent of its crude oil demand through imports.
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 per reports, Rs. 50,000 crore worth of projects are held back. All these will have an impact on the CV sector.
Four new products under the Jaguar brand are under development.
The company has had three Japanese executives for the post of managing director over three years.
PSA Peugeot Citroen, Europe's second-largest car producer, will soon take a final call on its India plans, as senior teams from the company hold talks with state governments for a manufacturing facility.
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