With the issue of pre-notification on missile tests high on agenda, India and Pakistan held their third round of expert-level talks on nuclear confidence-building measures (CBMs) in New Delhi on Friday.
The board of Oil and Natural Gas Corporation has approved the investment of Rs 950 crore (Rs 9.5 billion) extract gas from below the coal seams in Jharkhand and West Bengal from June 2007.
Oil and Natural Gas Corporation has won five of the nine coal bed methane blocks on offer, while Reliance Industries Ltd has clinched three.
The pricing and marketing freedom for exploitation would be capped by a ceiling price.
Jammu and Kashmir Chief Minister Omar Abdullah on Sunday met Prime Minister Dr Manmohan Singh in Jammu and briefed him about the peace and development scenario prevailing in the state at present.
The legislature party of the PDP which met in Srinagar on Thursday afternoon unanimously chose Mehbooba Mufti as the chief ministerial candidate as also its leader.
A preliminary deal for sale of 49 per cent in Essar Oil to Rosneft was signed between the companies in July 2015.
Oil and gas players' wish list includes incentivising E&P investments and reintroduction of income tax holiday for exploration and production activities, among others.
The decision was taken by the ministry this week, a top Coal Ministry official said, while refusing to reveal the names of the companies.
Financial shares were the top losers.
ONGC's chairman and managing director Sudhir Vasudeva tells Business Standard that any price for natural gas that is more than $4.2 a unit is good for the company.
'An internationally established price of crude will encourage more players to invest in India, leading to enhanced domestic production which can be made available to domestic refineries,' recommends Anil Agarwal whose company Vedanta Resources has a controlling stake in Cairn India that operates the country's biggest onland oilfield in Barmer, Rajasthan.
The Wuhan meetings signify an incremental shift in China's position on India as well as each country buying time for the next phase of bilateral relations, says Srikanth Kondapalli.
The exploration and production assets of Essar Oil will not be part of the Rosneft deal and would continue to remain with the Group.
Bank shares were the top gainers led by ICICI Bank.
The announcement comes days after senior journalist Shujaat Bukhari was shot dead in Srinagar.
Pradhan said a National Data Repository which will store information on all sedimentary basins of the country is being pursued on top priority.
Negotiations are underway to have a "more practical and effective" mechanism to prevent face-offs between Indian and Chinese troops on the Line of Actual Control and efforts are being made to have confidence building measures, Defence Minister A K Antony said on Monday.
Companies to hold rates in Delhi until new government is formed.
India on Wednesday extended a hand of friendship to Pakistan, saying it was time the two countries display "maturity and self-confidence" to do business with each other.
In spite of irritants and hiccups in the relationship, a few deliverables are expected of the prime minister's visit to China, says Rup Narayan Das.
The Border Defence Cooperation Agreement with China needs closer scrutiny, says Rup Narayan Das.
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