Search results for ' Energy and Natural Resources'

India Needs A National Security Strategy

India Needs A National Security Strategy

Rediff.com4 Oct 2024

The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).

Massive oil, gas reserves found in Pak waters

Massive oil, gas reserves found in Pak waters

Rediff.com7 Sep 2024

A substantial deposit of petroleum and natural gas has been discovered in Pakistan's territorial waters, a cache so large its exploitation could change the country's destiny, according to a media report. A three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves, DawnNewsTV quoted a senior security official as saying on Friday.

In a first, Adani to deploy hydrogen-powered trucks

In a first, Adani to deploy hydrogen-powered trucks

Rediff.com17 Jan 2023

Asia's richest man Gautam Adani's group on Tuesday said it will deploy hydrogen fuel cell operated trucks for mining logistics and transportation as part of its decarbonisation plan. "Adani Enterprises Ltd (AEL), part of the diversified Adani portfolio of companies, signed an agreement to launch a pilot project to develop a hydrogen fuel cell electric truck (FCET) for mining logistics and transportation with Ashok Leyland, India, and Ballard Power, Canada," it said in a statement. This collaboration marks Asia's first planned hydrogen powered mining truck.

Putin likely to clear OVL's Russian buy before Dec

Putin likely to clear OVL's Russian buy before Dec

Rediff.com27 Oct 2008

Imperial Energy, which operates in Siberia's Tomsk region and far eastern Kamchatka, has no strategic fields and deposits under its control, business channel RBC TV reported quoting sources in the natural resources and environment ministry. The London-based oil company owns a number of licences and hopes to produce 35,000 barrels per day (bpd) by the end of 2009 and 80,000 bpd by 2011, which could be directly exported to energy-hungry India.

Anil Agarwal to demerge 5 businesses of Vedanta, restructure zinc unit

Anil Agarwal to demerge 5 businesses of Vedanta, restructure zinc unit

Rediff.com29 Sep 2023

Mining magnate Anil Agarwal's conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. Vedanta will issue one share of the five demerged businesses for every share held in the company, the firm said in a statement. The entire exercise, which would require shareholder and lender approval as well as a nod from the stock exchanges and courts, is expected to be completed in 12-15 months, its president for finance Ajay Agarwal said.

World's top 15 electricity producers, India 5th

World's top 15 electricity producers, India 5th

Rediff.com17 Sep 2010

The total electricity production in the world in 2008 stood at 19,950,3917,395,212 kWh, while the total power consumption was 17,109,665,000 gigawatt hours.

Canada seeks stronger trade ties with India

Canada seeks stronger trade ties with India

Rediff.com9 Jul 2007

Canada has indicated that it is keen to cooperate with India in nuclear energy and infrastructure and sought stronger trade ties in return, including a free trade agreement.

India Inc's M&A deal value jumps in June: Grant Thornton

India Inc's M&A deal value jumps in June: Grant Thornton

Rediff.com29 Jul 2015

Domestic deals were the flavour of the month as there were 20 such transactions worth $2.77 billion in June 2015.

Joram Review: Harrowing Portrait Of The Helpless

Joram Review: Harrowing Portrait Of The Helpless

Rediff.com8 Dec 2023

When an actor has worked for as long as Manoj Bajpayee, one tends to lose their sense of originality under the sheen of stardom. But the actor's versatility sparkles in his willingness to start on a fresh note every single time, applauds Sukanya Verma.

Turning bad water into good

Turning bad water into good

Rediff.com10 May 2008

As our planet depletes natural resources at a frantic pace, one brand of alchemy that will become critical to humanity's survival is technology that turns sea water into drinking water.

Solar energy gets a new shine in India

Solar energy gets a new shine in India

Rediff.com9 Jul 2015

A billion dollars in renewable energy is huge.

US calls for Saffron Revolution in India's energy sector

US calls for Saffron Revolution in India's energy sector

Rediff.com2 Sep 2014

Climate change and US-India collaborations in renewable energy resources will be up for discussion at the US-India energy summit coinciding with Prime Minister Narendra Modi's visit to Washington, DC, later this month, reports Aziz Haniffa.

Share sale: ONGC sends reminder to UK Cairn Energy

Share sale: ONGC sends reminder to UK Cairn Energy

Rediff.com13 Sep 2010

The company sent the reminder on September 10, ONGC said in a filing to the Bombay Stock Exchange. Vedanta is offering $8.48 billion to buy up to a 51 per cent stake in Cairn India, which has 10 oil assets in the country, including the giant Rajasthan oilfield.

US bank pulls out of Adani's Australian coal mine project

US bank pulls out of Adani's Australian coal mine project

Rediff.com8 Nov 2021

Bank of New York Mellon Corp has pulled out of providing financial services to the Adani group and its Carmichael coal mine in Australia, saying the venture is incompatible with its environmental, social and governance rules.

'Our whole concept of coal mine allocations is wrong'

'Our whole concept of coal mine allocations is wrong'

Rediff.com13 Mar 2015

Coal industry expert Sunjoy Joshi tells Sheela Bhatt/Rediff.com that the NDA's e-auction of coal blocks will not solve the fundamental problems that dog the industry.

Court order on KG gas sale dampens RIL's spirit

Court order on KG gas sale dampens RIL's spirit

Rediff.com22 Jun 2007

Shares of Reliance Industries plunged on Friday after a court ruling that the Mukesh Ambani-led company can not sell its KG basin gas to any company except NTPC and Anil Ambani group's Reliance Natural Resources.

Govt probes misuse of ADAG firms' accounts by UBS

Govt probes misuse of ADAG firms' accounts by UBS

Rediff.com17 Dec 2008

The Enforcement Directorate, which is investigating possible violations of the Foreign Exchange Management Act by some former UBS employees, has written to the UK's Financial Services Authority, seeking details of the alleged misuse of accounts of Anil Dhirubhai Ambani Group-controlled Reliance Energy and Reliance Natural Resources.

Bonanza for PSU gas players

Bonanza for PSU gas players

Rediff.com24 May 2010

In the short run, ONGC and OIL should both reap a bonanza given the government hike.

Ambani gas dispute: SC set to announce verdict

Ambani gas dispute: SC set to announce verdict

Rediff.com6 May 2010

The Supreme Court, on Friday, will pronounce its verdict on the nation's most talked corporate battle over gas supply, outcome of which will shape the future of flagship energy firms run by brothers Mukesh and Anil Ambani.

Pak vows safety: Indo-Iran pipeline

Pak vows safety: Indo-Iran pipeline

Rediff.com15 Jan 2004

Pakistan pitched for India importing natural gas from Iran through a pipeline passing through its territory saying it will do everything possible to ensure safe delivery of gas from the onland pipeline

Adani Welspun strikes gas in Mumbai offshore

Adani Welspun strikes gas in Mumbai offshore

Rediff.com15 Mar 2021

A joint venture of Adani Group and Welspun Enterprises Ltd has discovered natural gas reserves in an area off the Mumbai coast, the two firms said in a statement Monday. The first-ever gas discovery was made in the NELP-VII block MB-OSN-2005/2, Adani Welspun Exploration Ltd (AWEL) said. Spread across 714.6 square kilometers, the block is located in the prolific gas-prone Tapti-Daman sector of the Mumbai Offshore basin where production is already underway by other operators.

Wipro bags 7-year deal from UK firm

Wipro bags 7-year deal from UK firm

Rediff.com14 May 2014

No financial details of the deal were disclosed.

Are Plug-In Hybrid Cars The Future?

Are Plug-In Hybrid Cars The Future?

Rediff.com15 May 2024

Plug-in hybrids have two engines and the electric part has a much larger battery than in the regular hybrids. Car companies, led by the Japanese, are pushing the Indian government to look at hybrids in the interim if it wants to reduce carbon emission.

RIL, RNRL gas dispute all set for court finale

RIL, RNRL gas dispute all set for court finale

Rediff.com5 May 2010

RNRL is seeking 28 million cubic meter of gas a day or more than one-third of peak output from RIL's eastern offshore KG-D6 fields at a price set in a 2005 family agreement.

UBS fined as staff misuses Anil Ambani firm funds

UBS fined as staff misuses Anil Ambani firm funds

Rediff.com12 Nov 2009

Swiss bank UBS has been fined Pounds 8 million in the United Kingdom after four of its senior employees were found misusing funds of customers, including two companies of Indian industrialist Anil Ambani-led group.

RIL to invest $1.36 billion in US oil giant

RIL to invest $1.36 billion in US oil giant

Rediff.com24 Jun 2010

Reliance has also entered into an agreement with Pioneers existing partner in the Eagle Ford Shale play for about $210 million.

Indian firms rush to AIM

Indian firms rush to AIM

Rediff.com28 Nov 2007

With the AIM (Alternative Investment Market) becoming increasingly popular as a fund raising destination, Indian companies are flocking to tap the opportunity provided by this sub-market of the LSE.

India needs market-based energy pricing to meet vast needs: PM

India needs market-based energy pricing to meet vast needs: PM

Rediff.com3 Dec 2013

Speaking at the 8th Asia Gas Partnership Summit in New Delhi, he said India, which currently is world's seventh largest energy producer, 'needs to increase its energy supply by 3 to 4 times within next two decades.'

Anil Ambani cos to list from Feb 13

Anil Ambani cos to list from Feb 13

Rediff.com8 Feb 2006

Anil Dhirubhai Ambani Group on Wednesday announced the process for listing of the four new companies, which were transferred by Mukesh Ambani group to them on Tuesday, will begin next week.

RBI eases overseas investment norms

RBI eases overseas investment norms

Rediff.com4 Jun 2008

Indian companies have been permitted to invest in excess of 400 per cent of their networth in energy and natural resources sectors, such as oil, gas, coal and mineral ores.Investment in excess of 400 per cent of the networth will, however, need prior approval, the central bank said in a statement on Tuesday. The overseas investment up to 400 per cent of networth is under the automatic route.

MFs may turn buyers, finally

MFs may turn buyers, finally

Rediff.com11 Mar 2008

After having raised Rs 20,000 crore by selling NFOs, mutual funds are now likely to turn buyers. A slew of funds, including Morgan Stanley ACE Fund, Birla Sun Life Pure Value Fund, Mirae Asset India Opportunities Fund Standard Chartered Fund closed recently. Mutual funds launch NFOs to raise money since the mutual fund penetration in India is low. Most mutual funds expect redemptions on account of advance tax provisioning that corporate houses do at this time of the year.

Nick Walker is new CEO of Vedanta Cairn Oil and Gas

Nick Walker is new CEO of Vedanta Cairn Oil and Gas

Rediff.com19 Jan 2023

Vedanta's Cairn Oil & Gas on Thursday announced the appointment of Nick Walker as the new chief executive officer (CEO) of the company. In a statement, the company said the appointment is effective January 5. "Before this appointment, Walker was president and chief executive officer at Lundin Energy, one of the leading European independent E&P companies," it said.

Govt to sign CBM contracts tomorrow

Govt to sign CBM contracts tomorrow

Rediff.com6 Nov 2006

The government will sign contracts on Tuesday for exploitation of gas trapped below coal seams in nine areas with three consortia, including one led by Anil Ambani Group companies.\n

No gas supply pact with RNRL: RIL

No gas supply pact with RNRL: RIL

Rediff.com14 Jan 2009

The MoU says the gas supply agreement is with Reliance Energy and for the Dadri power project, senior counsel Harish Salve representing RIL said. "Nowhere does it say that the gas will go to RNRL," Salve told the division bench of Justices J N Patel and K K Tated. REL and RNRL are both Anil Ambani group companies.

'No free lunch for the government; businesses need returns to invest'

'No free lunch for the government; businesses need returns to invest'

Rediff.com7 Sep 2015

Mayank Ashar talks about India's business environment.

Anil Ambani takes over as chairman of 4 new firms

Anil Ambani takes over as chairman of 4 new firms

Rediff.com8 Feb 2006

Anil Ambani on Wednesday took over as the Chairman of Reliance Communication Ventures Ltd, a day after the Mukesh Ambani Group handed over management control of the demerged companies to the younger sibling.

Chandrayaan-1 data: Earth electrons forming water on Moon

Chandrayaan-1 data: Earth electrons forming water on Moon

Rediff.com15 Sep 2023

The team led by researchers from the University of Hawai'i (UH) at Manoa in the US discovered that these electrons in Earth's plasma sheet are contributing to weathering processes -- breaking down or dissolving of rocks and minerals -- on the Moon's surface.

Real estate sector bats for green spaces

Real estate sector bats for green spaces

Rediff.com27 Nov 2023

Bengaluru recorded the highest green building stock at 140 million square feet, followed by Delhi-National Capital Region at 74 msf, and Hyderabad at 72 msf for Grade A office buildings as of September 2023.