Cairn India, which found India's largest oil field in Rajasthan in over 30 years, has discovered a saline water reservoir near its oil field that will help pump crude oil to the ground level and enhance production.
Cairn India, a unit of UK-based Carin Energy, will have the potential to account for 20 per cent of India's oil production in the next decade once oil starts flowing from its three fields in Rajasthan.
India-born steel magnate LN Mittal met Prime Minister Manmohan Singh on December 8 to discuss his plans in the oil and gas sector in India. The meeting has led to reports that Mittal is interested in taking over Cairn India's assets, which includes prospective oil discovery in Rajasthan.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
'BPCL has always been spoken about as a multinational company though it is State-run... this sets our work culture also apart.'
Cairn India has drawn strength from its Scottish parent, but also built new systems and processes to support its role in the country's oil sector.
The proposed 7.5 million tonne per annum refinery was to process crude oil from Cairn India's field in Barmer, which is expected to start producing in the first half of 2009.
State-run Oil and Natural Gas Corporation on Monday said it has resolved differences with Cairn India Ltd for building a $340-million pipeline to take crude oil found in Barmer district of Rajasthan to Gujarat.
India Inc can't trim salaries, but it can give shareholders a little more information on why senior executives are getting such fancy compensation packages.
In a sudden volte-face, the government is veering around the idea of setting up a Rs 8,000 crore refinery in Rajasthan to process crude oil found in the state.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Workaholic CEOs find their job appealing, but their subordinates find that appalling.
Sensex is under pressure due to concerns in the global market.
Oil and gas exploration major Cairn India Ltd on Tuesday got listed at Rs 140 on the Bombay Stock Exchange with a discount of 12.5 per cent over its issue price of Rs 160.
Sensex ends in green, bluechips in spotlight.
A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.
Transparency is more than welcome, but govt should not look vindictive.
5 things to look at when companies go for mergers and acquisitions.
Domestic deals were the flavour of the month as there were 20 such transactions worth $2.77 billion in June 2015.
.jpg)
Mayank Ashar talks about India's business environment.
FII investments, movement of rupee against dollar and crude oil to influence trading
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
The breadth was neutral with 1,329 advances and 1,320 declines.
A defence ministry staffer, involved in the corporate espionage case, was remanded to one-day police custody.
The recovery was led by information technology exporters.
The government has signed Bippas with 72 nations.
The company made the announcement on Tuesday as it reported a 2013 loss of $556 million after costs for unsuccessful exploration in Morocco and the North Sea soared.
Vedanta Resources has huge interests in India. The promoter and majority shareholder of Vedanta Resources, Anil Agarwal, also founded Sterlite Industries.
23 Nifty companies reported an annual decline in net profit.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
Index heavyweights continue to be top losers with ICICI bank.
Cairn India CEO has a tough task at hand.
Executives would analyse information and pass it to seniors.
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
Other shortlisted chief executives include Abdulrahman Ali Al-Abdulla of Muntajat, Peabody Energy's Gregory Boyce, Pailin Chuchottaworn of PTT Public Company Ltd, Repsol's Antonio Brufau and Ian Taylor of Vitol.
Delhi police on Saturday filed chargesheet against 13 persons arrested in connection with the petroleum ministry document leak case.
The task of Union Finance Minister Arun Jaitley to keep inflation under check, even when the country reeled under severe drought for two years in a row, and reduce the current account deficit, was made easier by low crude oil prices.
The market breadth, indicating the overall health of the market was strong
Sensex lacklustre, bluechips in focus.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances