Indian businessmen in Uganda are waking up to a new threat: China. As the new age Great Game unfolds in natural resources-rich Africa, they have started to feel the heat of the dragon.
Justice Anoop V Mohta, delivering the final verdict in the gas supply row between RIL and Reliance Natural Resources Limited, asked the two companies to decide on a new gas price, as the rate of $2.34 per mBtu agreed in the family de-merger agreement had already been rejected by the government.
The group had a net profit of Rs 68.58 crore (Rs 685.8 million) for the year ended March 31, 2008, the company said in a filing to the Bombay Stock Exchange. The consolidated income increased to Rs 418.96 crore (Rs 4.18 billion) for the year ended March 31, 2009, up 14.06 per cent from Rs 367.31 crore (Rs 3.67 billion) in the year-ago period.
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.
Higher price will lead to hike in fertiliser subsidy while a lower price will hit returns.
Reliance Industries Ltd, whose gas pricing formula has been questioned by Anil Dhirubhai Ambani Group company Reliance Natural Resources Ltd, has said that the company has not breached a Bombay high court order.
The 41 workers trapped in Uttarakhand's Silkyara tunnel for the last 11 days are likely to be rescued in the next few hours or by tomorrow, National Disaster Management Authority (NDMA) member Lt Gen (retd) Syed Ata Hasnain said on Thursday evening.
The government on Thursday categorically told the Parliament it had no plans discontinue subsidies to the farm sector.
This time Modi has no emotive message to take to the stump. Muscular nationalism doesn't work against the backdrop of China's successive inroads into Indian territory. Rising prices is a sore point that cuts across class and caste barriers; unprecedented levels of unemployment has the youth in a ferment. This has reduced the BJP campaign to a laundry list of recycled grievances and thinly veiled communal appeals, neither of which are working as well as they have in the past, argues Prem Panicker.
The total income of the company rose 32 per cent to Rs 80.91 crore for the quarter under review, from Rs 61.31 crore in the year-ago period. For the six months ended September 30, RNRL reported a net profit of Rs 36.17 crore, a 5.72 per cent growth over the corresponding year-ago period. The firm had a net profit of Rs 34.21 crore in the same period last fiscal.
President A P J Abdul Kalam Friday set a vision for turning Bihar into a developed state by 2015 through tapping of natural resources and human capital.
He said that "the state of the border will determine the state of the relationship, that's natural".
I suggest we build a Vigyan Mandir (Temple of Science) with the ambience of a place of worship, so that it becomes a destination for pilgrims. We should embed on its walls bronze plaques describing each scientist mentioned here along with about a dozen of our ancient mathematicians, recommends Professor Kalyan Singhal, historian of science and technology.
Reliance Natural Resources Ltd has questioned oil ministry's right to approve the price at which a producer sells gas to customers, saying its nod was needed only for the formula or basis of pricing of gas for computing government's share.
The Supreme Court on Thursday issued notices to seven coal mining states asking them to explain their role in coal block allocation after the Centre washed off its hands in any irregularities, saying that its role was limited to identifying the blocks and rest was done by states.
At a virtual press conference to launch the report, Inger Anderson, Executive Director, United Nations Environment Programme, said, "Climate change is here and now. No one is safe. Despite warnings from so many years, the world did not listen. We need to act now. Reducing greenhouse gas emissions will not only limit climate change but also reduce air pollution."
RIL has been selling gas from KG-D6 at the same price since it started production in April 2009.
Each year, economic damages increase -- and once again, development gains are lost in one season of flood or bad drought.
Buoyed by the peace initiatives between the two countries, Pakistan on Tuesday expressed willingness to import diesel from India.
The Delhi high court on Friday refused to interfere with the arrest and subsequent police remand of NewsClick founder Prabir Purkayastha and portal's human resources department head Amit Chakravarty in a case lodged under anti-terror law Unlawful Activities (Prevention) Act.
'We had tremendous faith in honorable Modiji in his second term as he was well-settled. Sadly that has been belied.'
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
Addressing a rally in coastal Odisha town of Balasore on completion of two years of his government, he called for a 'balanced' development in the country and wondered why the eastern belt had remained backward despite being generously bestowed with natural resources.
A six-inch pipe has been laid at the Silkyara tunnel through which nutritious food and medicines could be supplied to the 41 labourers, trapped for over a week after parts of the under-construction structure collapsed following a landslide.
Mr Modi, it came across, did not want to be seen as favouring any one business group.
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
The Delhi high court (HC) division Bench on Thursday sought a response from Reliance Industries (RIL) and others regarding the government's appeal against the Mukesh Ambani-owned conglomerate and others for fraudulently and unjustly enriching themselves by draining gas from their deposits, amounting to over $1.5 billion. The Centre had appealed against the single-judge Bench order of the Delhi HC on May 9, which had dismissed its petition. Justice Anup Jairam Bhambhani had upheld the international arbitration award of July 24, 2018, in favour of the RIL-led consortium. The consortium includes UK-based BP Plc and Niko Resources of Canada.
'The first duty of the government is to learn lessons from a bad experience and course correct. It's a pity that the government is making policy without looking at evidence and differentiating between immediate and urgent.'
Brokerages put sell notice on Vedanta shares over the company's move to buy Volcan Investments' stake in Anglo American via subsidiary Cairn India Holdings, reports Aditi Divekar.
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).
India is working on new technologies such as the small modular reactors that can be factory-built and help make clean energy transition, Science and Technology Minister Jitendra Singh said in New Delhi.
At least five people were killed and 17 others injured on Wednesday when a bomb exploded near a government office in the Quetta city of Pakistan's restive Balochistan province.
The release of water from the Chungthang dam led to a sudden increase in water levels up to 15-20 feet high downstream, defence spokesperson Lt Col Mahendra Rawat said.
