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.
'Elections are fought to win.' 'In our party, the leadership takes the final decision, and our leaders are very clear about it.'
Former National Aeronautics and Space Administration (NASA) Official Mike Gold has said Chandrayaan-3's success is a triumph of Indian innovation, human capital and the capabilities that will take India even further.
Blinken also underlined that diplomacy is the only way to definitively end the Russian conflict in Ukraine.
...Even if it means less democracy, so that their everyday problems get solved? argues R Jagannathan.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
Gujarat will host the next round of G20 meetings from March 27 to April 4, during which three conclaves will be held in the state on a range of issues, where delegates from different countries will converge for participation, an official said.
Zero-debt Cairn India has $2.85 billion cash reserve.
Additional Sessions Judge Hardeep Kaur was hearing the arguments regarding the applications. Special Public Prosecutor Atul Shrivastava cited a Supreme Court judgment and said the accused had to approach the police commissioner, who would then form a committee regarding the same.
vIn its effort to tackle the impacts of climate change in Kerala, the Communist Party of India-Marxist-led government has launched an ambitious project to improve the green cover of over 3,000 temples being managed by five devaswom boards under its control.
Petroleum ministry has rejected Reliance Industries Limited's plan to sell natural gas to Anil Ambani Group firm Reliance Natural Resources Ltd at less than half the market price.
Shares of Reliance Natural Resources Ltd on Friday surged over nine per cent on the Bombay Stock Exchange after the Bombay High Court issued an interim order restraining Reliance Industries from selling natural gas from KG gas field to a third party.
The revised GSMA was signed pursuant to the Supreme Court's May 7 judgement, turning down RNRL's demand for cheap gas from RIL based on a family agreement.
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.
The Centre on Thursday admitted before the Supreme Court that something went wrong with the coal blocks allocation and that it could have been done in a more refined manner.
In the short run, ONGC and OIL should both reap a bonanza given the government hike.
However, no formal confirmation of the meeting and the issues discussed could be obtained from either group.
Billionaire Anil Ambani on Wednesday called on Prime Minister Manmohan Singh at 7 Race Course Road for close to an hour but refused comments on the purpose of his meeting. The meeting comes within days of the Supreme Court rejecting his group firm Reliance Natural Resources Ltd's plea for cheap gas from Reliance Industries as had been decided in a private family agreement of 2005.
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.
'Neither did I approach the BJP nor did they ask me to join them. It was a natural choice for both of us to make.' 'It was never for me to ask or for them to give.'
In the face of scramble for acquiring assets in natural resources like oil, coal and mines by large multi-nationals, the government is working on a policy enabling PSUs to step up search for key raw material assets, Prime Minister Manmohan Singh said.
An analysis of buy and sell transactions by mutual funds during May shows that the fund houses purchased stocks from sectors like power, software, housing finance and sugar, while offloading shares from banking, refineries and airlines. According to brokerage firm Sharekhan, state-run NTPC, ONGC, TCS, Essar Oil and Reliance Petroleum figure among the favourite picks by the equity funds in the month of May.
The government on Saturday filed a petition before the Supreme Court seeking a direction to declare as 'null and void' the private family agreement of the Ambanis that provides for gas supply by Reliance Industries Limited to Reliance Natural Resources Limited. The government petition has named as respondents RIL led by Mukesh Ambani and RNRL headed by Anil Ambani, which have separately filed cross-petitions against the Bombay High Court's June 15 judgment.
The meet will provide J&K an opportunity to showcase its strengths, strategies and potential. It will also help allay fears and apprehensions in the minds of trade and business community outside the state.
The economic exploitation of children is an insult to humanity, says the World Bank.
Reliance Natural Resources Ltd chairman Anil Ambani is understood to have sought a review of the government's decision, rejecting the sale of natural gas by RIL to it.
Asserting that the country has made it a priority to rescue all Indians stuck in Ukraine, Modi said, "It is due to India's rising strength that we are are able to bring back stranded Indians from Ukraine. Operation Ganga has been launched and I have sent four ministers to oversee the evacuation."
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.
Unocal Corporation of the United States has shelved its ambitious plans to export Bangladesh gas to India as Dhaka continued to drag its feet on taking a call on selling natural gas to New Delhi through a $1.2 billion pipeline.
On June 30, mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses. The review would begin immediately and evaluate a broad range of options, including but not limited to a potential strategic sale of some or all of the steel businesses, the company said in its stock exchange filing. The signs have been there - approaches had been made to steel players over the past year. Last December, Anil Agarwal, chairman Vedanta group, told Business Standard that the steel plant capacity was about 3 million tonnes (mt).
The apex court had sought the response after Anil Ambani-led RNRL had consented to government being made a party in the dispute. RNRL contended that it was entitled to receive the gas at $2.34 per unit from Mukesh Ambani group RIL which had entered into an arrangement for supplying gas to NTPC at that rate.
The projected output will come from satellite fields in the eastern offshore KG-D6 block as well as North East Coast block NEC-25, off the West Bengal coast.
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
Ready to share their natural resources, African countries on Tuesday sought greater Indian investments, particularly from the private sector, to boost economic growth in the continent.
For China, recession was like an oppurtunity that comes after hundreds of years, and with its piggy bank overflowing money the country went on a wild shopping spree...
After sleeping over in the assembly for nearly a week, members of the Karnataka legislative assembly are ready for more drama -- it is time for Yatra politics in the state. The first of the yatras (processions on foot) will commence on July 25 led by the opposition Congress.
Claiming that over three crore tons of iron ore worth over Rs 12,000 crore was illegally shifted out of the country since 2003, Karnataka Chief Minister B S Yeddyurappa said on Monday that he will quit if he failed to put an end to plundering of the natural resources in the state.
Resuming arguments over its dispute with Anil Ambani Group firm Reliance Natural Resources Ltd, senior counsel Harish Salve said it was RNRL which had in 2007 argued that marketing freedom cannot be allowed to the Mukesh Ambani-run firm and asked the government to frame Gas Utilisation Policy.
During hearing of the dispute over supply of gas by RIL to RNRL at $2.34 per mmBtu, the bench headed by chief justice K G Balakrishnan said the two parties could arrive at a 'suitable arrangement' through arbitration, as the Bombay high court that approved the Reliance empire's demerger cannot spell what is the ideal arrangement.
