"I stand with the last person in the line. The exploited, marginalised and the persecuted. Their religion, caste or beliefs matter little to me," Gandhi said.
The release also points out that the prevailing domestic gas prices command a significantly higher price than the proposal of RIL.
The tussle between Mukesh Ambani-led Reliance Industries and his brother Anil's Reliance Natural Resources over gas supply came to the fore in Bombay High Court on Thursday with RIL alleging that RNRL wanted to trade the fuel.
RIL filed an appeal on Monday before a division bench headed by Chief Justice Swantra Kumar seeking a stay on an interim order by a single bench restraining it from selling gas to companies other than RNRL and NTPC.
At $4.64 per mBtu, KG gas is alleged to be over-priced.
Total income decreased to Rs 66.16 crore (Rs 661.6 million) during the July-September quarter of the current fiscal, from Rs 80.91 crore (Rs 809.1 million) in the corresponding period a year-ago.
On April 29, the Bombay High Court will start hearing the case between the warring companies, Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL), to reach a quick decision on who will get access to the huge volumes of gas to be produced from RIL's block in the Krishna-Godavari basin. The court will also decide if the central government will be admitted as a party to the case. RNRL would oppose the central government's move to become a party to the case.
The Union Government on Thursday said that 5.9 million tonnes of lithium reserves have been found for the first time in the country in Jammu and Kashmir. Lithium is a non-ferrous metal and is one of the key components in EV batteries. "Geological Survey of India for the first time established Lithium inferred resources (G3) of 5.9 million tonnes in the Salal-Haimana area of the Reasi district of Jammu and Kashmir," the ministry of mines said on Thursday.
I have absolutely no problem with India's conducting business with the generals in Myanmar because that is how India's interests were best served. But how does India benefit from cracking Tibetan skulls outside the Chinese embassy, and how does it benefit from pandering to extremists by exiling Taslima Nasreen?
India was fully on board and committed to take part in the $7 billion Iran-Pakistan-India gas pipeline project, a senior official said.
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.
Total income rose to Rs 115.46 crore (Rs 1.15 billion) during the same quarter, from Rs 92.92 crore (Rs 929.2 million) in the corresponding period a year ago, RNRL said in a filing to the Bombay Stock Exchange. Shares of RNRL closed at Rs 83.85, up 1.39 per cent on the Bombay Stock Exchange.
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.
In the five years in politics Priyanka Gandhi has undeniably emerged as a thorn in the BJP flesh, notes Nilanjan Mukhopadhyay. It is time that this thorn is twisted a wee bit more when the elections have become far more uncertain than what it was when the Election Commission announced the poll schedule.
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.
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 state of Gujarat was to my mind 'partisan and over enthusiastic' in the way it dealt with remission applications.'
The government on Thursday categorically told the Parliament it had no plans discontinue subsidies to the farm sector.
Encourage your sister to share her feelings and thoughts about her marriage. Listen to her without judgment and offer support, advises rediffguru Dr Ashish Sehgal.
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.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
'ESG is actually a concept which cannot be applied effectively in the very short run.'
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.
With different agencies showing divergent predictions regarding the southwest monsoon, the central government and states are gearing up to face adversity with various line ministries reportedly being directed to undertake mock drills and hold preparatory meetings. Around 56 per cent of the net cultivable area of the country is rain-fed, accounting for 44 per cent of foodgrain production. The June-September rains contribute around 73 per cent of the annual precipitation.
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.
He said that "the state of the border will determine the state of the relationship, that's natural".
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.
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.
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."
