The severe cyclonic storm lay over the south-east Bay about 300 km west of Port Blair on Monday and had intensified into a very cyclonic storm by 1.30 am, they said. It now lay about 950 km south south-east of Paradip at 8.30 am on Tuesday. The system is likely to intensify further and move in a north-western direction.
A slew of investment proposals in West Bengal, starting from agri-retail chain to petrochemicals, are likely to be discussed when Reliance Industries Chairman Mukesh Ambani meets Chief Minister Buddhadev Bhattacharya in Kolkata on Wednesday.
"We have just kept skeleton staff at the plant and rest have been sent home," Deepak G Inamdar, a senior engineer at the plant had told Gulf News over phone from Sur on Wednesday.
The project is currently under litigation after environmental concerns were raised against the plan of linking the PalkBay and the Gulf of Mannar by creating a shipping channel through the shallow sea, says Ruchika Chitravanshi.
RIL on Monday submitted a commerciality report for the Dhirubhai-39 discovery in block KG-DWN-2003/1, about 50 km off Machilipatnam in Andhra Pradesh, to the oil ministry and the directorate general of hydrocarbons. A company official said the well KG-V-D3-A1 flowed 38.1 million cubic feet per day of gas and the find was later named Dhirubhai-39.
Indian Oil Corporation plans to invest about Rs 25,000 crore (Rs 250 billion) for setting up a new 15 million tonnes refinery and petrochemicals complex at Ennore in Tamil Nadu to maintain its position as India's largest refiner.
Reliance Industries Ltd has found new natural gas reserves in Krishna Godavari basin D6 block off the east coast, the company's minority partner Niko Resources has said.
There was no immediate confirmation of the incident from the Liberation Tigers of Tamil Eelam.
Airfares on major domestic routes from Chennai surged as flight operations at the airport were disrupted due to strong winds and torrential rain that lashed the city in the wake of Cyclone Michaung on Monday. According to ixigo data, on December 5, one-way spot airfares from Chennai to cities like Mumbai, New Delhi, Hyderabad, Bengaluru, and Kolkata rose between 52 per cent and 171 per cent compared to prices three to seven days prior. The Chennai-Mumbai route, the busiest flight route from Chennai airport, saw airfares surge 68.6 per cent from Rs 3,728 to Rs 6,286 in the aforementioned period.
With a wind speed of up to kilometres per hour while heading east-northeastward, the cyclone hit the Barisal-Chittagong region, sending impacts across the country.
Steel baron Lakshmi N Mittal is eyeing to buy half of Hindustan Petroleum Corp's exploration arm Prize Petroleum for about Rs 200 crore (Rs 2 billion). Mittal, which made rapid advances in oil sphere this year first with a 49 per cent stake in HPCL's Bhatinda refinery and then partnering the state-run firm for a separate refinery on the east coast, is in talks with financial institutions to buy out their 50 per cent stake in Prize Petroleum.
Oil and Natural Gas Corporation said on Wednesday it will begin production from its ultra deep sea gas discovery in the Krishna-Godavari basin off the east coast by 2012-13.
The latest developments come amid pressure from the United States and Japan on North Korea to return to stalled negotiations on its nuclear ambitions.
A Coast Guard Dornier surveillance aircraft with three crew members on board went missing on Monday night off the coast of Chennai.
CPM leader Tapen Sen has asked Prime Minister Manmohan Singh for a probe into what he called 'artifical inflation' in Reliance Industries' KG-D6 spend and the Mukesh Ambani-run firm's 'manipulation' of gas price.
A Committee of Secretaries will meet on July 6 to discuss pricing of natural gas to be produced from Reliance Industries' block off the east coast and whether the Centre should take its share in cash or kind.
ONGC signed an agreement with the Norwegian deepwater export to develop deepwater oil and gas blocks on Monday evening.
It said the weather system was expected to intensify into a deep depression by 5.30 am on Wednesday and turn into Cyclone Mocha in the next 12 hours, packing wind speeds of 80-90 kmph and gusting to 100 kmph.
Jute baron Arun Bajoria is on a selling spree. After deciding to sell India Jute to the Kajarias, Bajoria is divesting three mills in Andhra Pradesh.
Finance Minister Nirmala Sitharaman announced on Monday a record sum of Rs 1.10 lakh crore for the Railways, out of which Rs 1.07 lakh crore is for capital expenditure, and said the national transporter would monetise the dedicated freight corridors after its commissioning. Presenting the Union Budget 2021-22, Sitharaman also applauded the services provided by the Railways to transport essential goods across the country during the coronavirus lockdown.
A fisherman in Pakistan's Karachi city became a millionaire overnight after auctioning a haul of rare fish which has many medicinal properties.
This alternative is being planned as the existing projects continue to be delayed due to land acquisition troubles. The ministry is thinking of adding new track lines to its existing eastern and western DFCs passing major areas in the proposed stretches, senior officials said.
The US senator Edward M 'Ted' Kennedy was stopped and questioned along the East Coast five times in March.
Guillermo Canas won his first tournament since a 15-month doping ban when he claimed the Brazil Open.
Reliance Industries Ltd has discovered huge oil reserves in its gas-rich D6 block in Krishna Godavari basin off the east coast, its minority partner Niko Resources of Canada has said.
For the past week, NASA astronaut Terry W Virts has been flying over India. He has chronicled his journey through numerous stunning images and fabulous videos on his Twitter page.
East Coast Railway officials said that the accident took place around 6.44 am when some people were waiting at the platform and the waiting hall for a passenger train.
Friends from India's north-east living on the US west coast as well Tibetans attended the funeral of Tshering Bhutia who was killed in a college shootout last week. Ritu Jha reports
BG Group of UK is planning to buy stake in ONGC's oil and gas blocks.
South and North Korea have agreed to officially open railways and roads linking the two countries in late October, South Korea said on Sunday.\n\n
The reported test came amid escalating cross-border tensions, with the North threatening retaliation over the start of South Korea-US military exercises condemned by Pyongyang.
The US has realised that China is cutting lucrative deals in South America as more nations are joining Beijing's Belt and Road Initiative.
