State-owned Oil and Natural Gas Corporation (ONGC) has reported a 10 per cent decline in its June quarter net profit on lower oil prices and stagnant production from its aging fields. The company reported a net profit of Rs 8,024 crore in the first quarter of 2025-26 fiscal year, compared to Rs 8,938 crore earning in the same period last year, a company statement said.
Reliance Industries has built four high-powered growth engines of retail, digital services, media and entertainment, and new energy to propel the conglomerate's next phase of expansion, Chairman Mukesh Ambani said. Parallelly, Reliance is reshaping itself into a new-age deep-tech enterprise, he said in a message to shareholders in the firm's latest annual report.
The issue of prior notification on missile tests will be high on the agenda as India and Pakistan hold their third round of expert-level talks on nuclear confidence-building measures in New Delhi from Friday.
Why can't the Indian government propose to the Chinese a corridor circumambulating the Holy Mountain where people from both sides could perform the yatra again? asks Claude Arpi.
The Cabinet Committee on Economic Affairs on Friday cleared award of four Coal Bed Methane (CBM) blocks to an Anil Dhirubhai Ambani Group-led consortium and three blocks to a consortium led by Australia's Arrow Energy.
The government will sign contracts on Tuesday for exploitation of gas trapped below coal seams in nine areas with three consortia, including one led by Anil Ambani Group companies.\n
'It will be helpful towards the solution of the Kashmir problem,' Pakistan High Commissioner A A Khan \ntells Sheela Bhatt.
The Chinese aircraft have been regularly flying close to the LAC in the last three to four weeks which is seen as an attempt to probe the Indian defence mechanism in the area.
Pakistan and India are likely to announce new Kashmir-related confidence-building measures, including an increase in the number of trading points along the Line of Control.
India's top oil and gas producer ONGC wants the government to scrap windfall profit tax levied on domestically produced crude oil and instead use the dividend route to tap into bumper earnings resulting from surge in global energy prices. The firm also favours a floor price for natural gas at $10 per million British thermal unit -- the current government-dictated rate -- to help bring deposits in challenging areas to production, two sources aware of the matter said. State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall profit tax on domestic oil producers, while at the same time reaping rich savings from buying discounted oil from Russia was unfair.
GEECL is looking to bid for the fourth round of Coal Bed Methane block auction. It plans to dilute 10 percent of its equity holding through an IPO in India. It plans to raise Rs 400 crore from the market by this year. It plans to develop 100 wells in two years with an estimated investment of Rs 825 crore and aim to invest another Rs 2,000 crore in 5 to 8 years in West Bengal.
Some measures such as visa liberalisation and free medical treatment of Pakistani children had been implemented unilaterally by India.
New Delhi also conveyed to Islamabad its readiness to have a meeting of the Committee on Drug trafficking and Smuggling on June 15 and 16.\n\n
Directorate General of Hydrocarbons Director General Rajiv Nayan Choubey did not take calls made for comments.
The chief of air staff said Chinese actions along the frontier including in the Ladakh sector are being monitored constantly and the IAF's overall preparations are part of continuing efforts irrespective of challenges from China.
The Madhya Pradesh directorate general of Hydrocarbons has granted Petroleum Exploration Licence to ADAG for exploration of CBM from Sohagpur (north) block in Shahdol district on August 11, official sources said in Bhopal on Thursday.
'Leaders of the two nations have reportedly agreed to set up a hotline between their respective military headquarters,' state-run Global Times daily reported on Wednesday.
London Stock Exchange-listed Essar Energy Plc plans to bid for coal-bed methane (CBM) and shale gas blocks in Indonesia next month.
The government is offering a total of 70 oil and gas blocks under NELP-VIII and 10 blocks have been offered under CBM-IV.
Billionaire Mukesh Ambani's Reliance Industries has announced the contours of carving out of its oil-to-chemicals (O2C) business into an independent unit with a USD 25 billion loan from the parent, as it looks to unlock value by selling stakes to global investors like Saudi Aramco.
The company discovered 3.75 trillion cubic feet of in-place gas reserves under coal seams in Sohagpur coal bed methane (CBM) blocks in Shahdol district of Madhya Pradesh, senior officials said.
The Oil Ministry has been trying since July to get an Empowered Committee of Secretaries to vet the separate price proposals of RIL and Essar but the panel has so far not decided to take up the issue.
A joint commission can be the biggest Jammu and Kashmir centric confidence building measure by the two countries for the people of the state, says J&K Chief Minister Omar Abdullah. Mukhtar Ahmad reports.
When people get used to something, they want more of it. But gas will always be short in India. All estimates of gas demand are hugely pessimistic.
In her fourth tranche of the economic package, she said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.
'India cannot allow Beijing's policy of stabilising and destabilising the border at will to perpetuate its own ends.' A riveting excerpt from Manish Tiwari's 10 Flashpoints; 20 Years National Security Situations That Impacted India.
The feasibility study, to be taken up by a private firm, will be funded by the US Trade and Development Agency aimed at setting up facilities for capturing CBM, commonly known as natural gas. The grants of $524,819 is meant to tap the opportunities in using technologies for capturing natural gas from the coal blocks.
Fearing investor backlash on ambiguity over tax holiday for natural gas, India on Friday deferred roadshows for the largest-ever auction of oil and gas blocks and the new dates would be worked out after elections.
India on Thursday launched its biggest-ever auction of oil and gas blocks, expecting $3 billion investment in exploration of 70 areas on offer for bidding.
The Indian side also told the Chinese delegation that the talks on disengagement should include Depsang as well as all face-off sites, insisting that it should be a simultaneous process and not a selective one.
To extend its global footprint, GAIL India is likely to partner with China Gas in developing coal bed methane (CBM) in Mongolia. Moreover, Oman Oil is also expected to join them as an ally in the project.
Anil Ambani Group never sought clarification before bids closed, says DGH.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances