For simplification and a sharper strategic focus, BHP Billiton has been reassessing its global assets portfolio.
Global diversified resources major, BHP Billiton has won the 'Company of the Year' award from Business in Community, UK.
The decision comes after Australian mining major BHP Billiton said it would not improve the terms of its bid. BHP Billiton, the largest mining company in the world, and new entrant GVK Oil and Gas were the sole bidders for five deepwater blocks and hence the provisional winners after the bidding closed on June 30 this year.
BHP Billiton, the Australian consultant which carried out pre-feasibility survey of the Iran-Pakistan-India gas pipeline, has said that the 2775-km long pipeline project has sufficient safeguards to prevent any disruption in the supplies.
South Korean steel giant Posco has begun the feasibility study for its proposed Rs 52,000 crore (Rs 520 billion) steel project in India while keeping out its mining partner BHP Billiton from the detailed study besides kick starting the process of for
The company is withdrawing from the blocks due to delays in clearances.
The high-profile departures have their roots in red tape and business-unfriendly policies.
One thousand and five hundred diamond polishing units of Surat had got together to challenge the monopoly of multinationals by sourcing rough diamonds straight from miners.
Infosys Technologies and Wipro have made it to the list every year since 2005.
Gujarat NRE Coke on Monday said it has completed the acquisition of the Australia-based Elouera mine from BHP Billiton a part of the Australia-based Illawarra Coal Business for an undisclosed amount.
Prime Minister Narendra Modi is set to meet top Australian business leaders, including BHP Billiton CEO Andrew Mackenzie and HSBC Bank Australia CEO Tony Cripps, at a roundtable in Melbourne next week.
India Inc is looking at the public sector to steer its ambitions, as former PSU heads are taken on board to lead the private sector.
The government on Monday received 181 bids from global and domestic oil majors, including ONGC, Reliance Industries, Essar, BP Plc and BHP Billiton, for oil and gas exploration blocks under the seventh round of NELP auction.
Mining giant eyes 51% in Ashapura Minechem's alumina project in Orissa.
BHP Billiton, the world's largest diversified resources company, has said that there are sufficient features in the pre-feasibility study of the $4.16-billion Iran-Pakistan-India natural gas pipeline to ensure safety.
The government on Tuesday cleared 23 foreign direct investment proposals worth Rs 63.41 crore (Rs 634 million).
Shares of Indian mining company Vedanta fell to a fresh low after analysts at Morgan Stanley initiated their coverage of the company with a stark warning of the risks faced by investors.
Vedanta may become a majority stakeholder in Cairn India.
Transparency International, a non-profit organisation fighting against corruption and malpractices, gave Reliance Industries and ONGC ninth and 26th positions, respectively, in its latest report Transparency in Corporate Reporting.
An Australian environmental group has launched a legal challenge against Adani Enterprises' $7 billion Carmichael coal mine project in the Galilee Basin.
Australia's federal and Queensland governments are eager to see the mine built following the loss of more than 4,000 coal jobs over the past two years, but analysts and project finance experts believe Adani may have underestimated the challenge of raising funds for the project.
Here are some of the best photos from around the world in the month gone by...
India will allow locally registered foreign firms to mine and sell coal when commercial mining is permitted as part of the opening up of the nationalised industry after four decades, Coal Secretary Anil Swarup told Reuters.
The S&P BSE Sensex plunged 128 points to end at 25,102.
Australian business magnate Don Argus, who penned the landmark review of Australian cricket in 2011, has warned the team and its selectors that they must not be fooled into thinking the job is done despite the Ashes hosts revival.
India plans to double coal production by 2020
In the past 12 months, such earnings have grown in double digits in Europe, the US, Japan and South Korea.
The regional fallout could continue.
China now world's second largest share market, India is 7th
Rediff.com presents a selection of the year's most enduring moments year from around the world
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
Finance Minister Arun Jaitley has said the larger interest of the public sector would be fully protected.
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