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.
Directing the Centre, states and Union Territories (UTs) to ensure the queer community is not discriminated against, the CJI, who is heading the constitution bench, said queer is a natural phenomenon known for ages and is neither urban nor elitist.
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.
RIL signed agreement to take 45 per cent interest in highly prospective Eagle Ford Shale play, the Mumbai-based firm and Pioneer said in separate but almost identical statements.
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
An atmospheric scientist, Ramanathan focuses his research on global climate dynamics, the greenhouse effect, aerosols, clouds, and the earth radiation budget.
Sources familiar with the developments said the government will file an application in the Bombay High Court by the end of December or early January. RIL on its part has already appealed against the order.
RIL declined to comment on this or related allegations, saying the entire issue was in court.
Within 24 hours of the brothers Ambani deciding on a ceasefire, the stock market and Reliance pundits are out with their calculators to figure out the financial implication of ending the non-compete terms five years in advance and the loss that Anil Ambani's Reliance Natural Resources Limited would incur post the Supreme Court verdict.
The Rajya Sabha is all set to go digital to minimise the massive wastage of paper in the House, thanks to an initiative by Vice President and Chairman Hamid Ansari.As per the suggested changes, Parliamentarians will receive documents in hard copy only if they request for it and special incentives will be provided to MPs who opt for the digital format.Ansari, a retired Indian Foreign Service officer, wants Parliament to set an example.
A short-term (five-year) price is not relevant beyond a point when power plants have a life of 15-20 years, says J P Chalasani, CEO, Reliance Power.
He said that "the state of the border will determine the state of the relationship, that's natural".
There is nothing much for Anil Ambani group firm Reliance Natural Resources Ltd to renegotiate with Reliance Industries Ltd, as the price and quantity of gas it is seeking will be dictated by the government policy and the tenure of supply will depend on life of the fields.
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.
A friend of Mukesh Ambani should not be petroleum minister
Anil dared the oil ministry to cancel the production sharing contract with RIL if it was really aggrieved and not challenge third party agreements.
Even four years after splitting the Reliance empire, the Ambani brothers still seem to be washing dirty linen in public: the latest battle is over gas pricing.
Development plan for K-G basin runs for 12 years, so can't supply to RNRL for 17 years, says RIL.
'Govt to lose Rs 40,000 crore due to RIL's escalating costs'.
Anil Ambani promoted Reliance Natural Resources icked off the second round of the battle today by filing a special leave petition in the Supreme Court, which prompted Mukesh Ambani-led Reliance Industries to file a caveat in the apex court.
RIL president and CEO (Oil and Gas) PMS Prasad, who met petroleum ministry officials to discuss under capacity production from the company's KG basin fields, said: "We have time till July 15 to decide. . . we are still evaluating our options."
With the Mukesh Ambani-promoted Reliance Industries Ltd (RIL) planning to approach the Supreme Court, challenging a High Court order for selling gas at $2.34 per million British thermal unit (mBtu) to Reliance Natural Resources Ltd (RNRL), the chances of an agreement between the Ambani brothers by July 15 appear remote.
On August 21, the division bench had suggested that the two warring sides should seek the help of their mother Kokilaben Ambani to resolve the issue. The billionaire brothers are fighting over supply of natural gas from RIL's eastern offshore KG gas fields.
The apex court also heard a plea for bringing back black money stashed in tax havens abroad.
India is poised to become a major market for mining equipment, even larger than China, according to US-based Bucyrus International, a world leader in manufacturing equipment for the surface and underground mining industry.
RIL said RNRL has maintained that the May 12, 2005 draft agreement between the RIL and NTPC should be the basis for fixing the price of gas from the KG Basin but it has ignored the provision for government approval.
The Ambani brothers are locked in a bitter battle over the supply and price of the gas from KG basin.
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.
It has noted that melting glaciers due to any impact of climate change will not only severely affect the flow in Himalayan river system but will also give rise to natural disasters.
Reliance Industries (RIL) is looking at yet another shale gas acquisition in North America, its third in three months. The transaction is said to be in line with RIL's recent acquisition of a 45 per cent stake in Eagle Ford shale acreage of Pioneer Natural Resources. Sources in the company confirmed the development.
Rajan addressed a group of investors in Boston on Thursday.
India has maintained communication with both Russia and Ukraine. It is time Narendra Modi steps up on the world stage and plays the role of peacemaker, suggests military historian Colonel Anil A Athale (retd).
While the merger will see the share of the promoter group increase by two percentage points, the move has also seen a few analysts raise concerns.
Reliance Natural Resources Ltd (RNRL) lost more than a fourth of its market capitalisation in just two days of trading after the Reliance Anil Dhirubhai Ambani Group (R-ADAG) announced its merger with sister firm Reliance Power (R-Power).
80% of the surveyed districts did not show any change in migration
The ratio is based on the valuation made by consultancy firm KPMG.
Anil Ambani-led Reliance Power's board will on July 4 consider merging another group firm Reliance Natural Resources with itself.
Reliance has also entered into an agreement with Pioneers existing partner in the Eagle Ford Shale play for about $210 million.
The company had made its first breakthrough in the US in April when it had acquired 40 per cent stake in Atlas Energy Inc's 3,00,000 acres shale gas property for $1.7 billion. Atlas' Marcellus shale gas project spans parts of West Virginia, Pennsylvania and New York.
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