Assam has become the first state in India to directly venture into oil production, following the discovery of hydrocarbons at the Namrup-Borhat block.
The RSS-affiliated ABVP has won the post of joint secretary in the Jawaharlal Nehru University Students' Union (JNUSU) election, ending a nine-year period out of office. The ABVP's victory marks a significant shift in the political landscape of JNU, breaking the Left's long-standing dominance. Left candidates won the remaining three central panel posts, but the ABVP's victory is seen as a major gain for the right-wing group.
While the warring groups blamed the other side for the ruckus, there was no immediate reaction from the JNU administration.
The students have been staging a protest against the alleged incident since April 1. The incident allegedly took place on the night of March 30.
The Jawaharlal Nehru University Students Union (JNUSU) on Sunday elected its first Dalit president from the Left-backed groups after nearly three decades.
India may soon see a new set of oil barons with lesser-known companies venturing into crude oil and natural gas production. These new kids on the block have come up through a mix of entrepreneurial grit and backing from oil industry veterans. Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during the first round of Discovered Small Field (DSF-1) auctions. Adbhoot is in a 50:50 joint venture with the Bombay Stock Exchange-listed Hindustan Oil Exploration Company that has some five oil producing assets and over 10 blocks across the country.
22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.
During the first round of discovered field auctions, there were 134 bidders for the 34 blocks on offer
The Delhi police on Monday registered an FIR against unknown ABVP students based on the complaint received from a group of students in connection with a clash in JNU campus over non-vegetarian food, officials said.
Today, with the Lok Sabha polls only months away, any inter-state dispute over the Cauvery water dispute has the potential to take more political turns than otherwise, predicts N Sathiya Moorthy.
India is the third largest consumer of petroleum products, after the US and China.
In a move that may boost the Indian hydrocarbon industry and bring more investments into the sector, the Union Cabinet on Wednesday decided to give marketing freedom to domestic crude oil producers, allowing them to sell petroleum to any company in the local market. The move is set to be beneficial for major crude oil producers, such as state-run Oil and Natural Gas Corporation (ONGC) and Oil India, and private sector majors like Vedanta's Cairn Oil and Gas and Reliance Industries. As of May 31, India was dependent on imports for 86 per cent of its crude oil consumption; domestic production sufficed the remaining 14 per cent demand.
Petroleum Minister Dharmendra Pradhan on Tuesday put state-owned ONGC and OIL on notice saying oil and gas reserves they hold need to be monetised through joint ventures with domain experts or the government will take them away and auction them. Speaking at BNEF Summit, he said state-owned firms cannot indefinitely sit on resources when the nation is a net importer of oil and gas. Despite India bidding out acreages to private and other companies since the 1990s, Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) hold a "sizeable number of acreage for years," he said.
According to the sources, the clash took place during a public meeting organised by the JNU Teachers' Association.
In an enticing offering, a real estate developer n Dubai is handing out a Lamborghini, BMW or a Mini Cooper on select luxury property units sold during the Dubai Shopping Festival.
Energy supermajor Exxon Mobil Corp is in talks to buy a stake in producing oil and gas fields in India, Oil Minister Dharmendra Pradhan said on Wednesday showcasing efforts to raise domestic output to cut imports. Exxon Mobil had in October last year signed a memorandum of understanding (MoU) with state-owned Oil and Natural Gas Corporation (ONGC) to offer its expertise and technology for developing resources in offshore blocks.
Bayern Munich have reached a transfer agreement with Manchester United for the England midfielder.
The Dubai Shopping Festival has been put off as a mark of respect to Shaikh Maktoum Bin Rashid Al Maktoum, the ruler of Dubai, UAE vice-president and Prime Minister who died last week.
India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.
The 14th seeded Indian was beaten by Meilen Tu of the US at the DFS Classic International women's tennis tournament.
The new government may also introduce a separate scheme for revival of stranded gas-based power projects
The results were supposed to be declared on September 8.
The AISA, SFI, DSF and AISF have come together to form the 'United Left' alliance.
A students' march against the Rashtriya Swayamsevak Sangh-affiliated Akhil Bharatiya Vidyarthi Parishad on Saturday featured issues beyond free speech, with "simmering discontent" against the Narendra Modi government finding expression through colours, posters and poetry.
Amid protests outside the Delhi University, senior Bharatiya Janata Party leader Subramanian Swamy went ahead with a seminar on the construction of Ram Temple in Ayodhya where he asserted that nothing will be done forcibly or against the law.
The alliance also emerged victorious on 30 out of 31 seats for councillors. The ABVP won only one councillor seat from Department of Sanskrit.
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