The government has set up a committee to work out sharing by producers and retailers the losses likely to accrue from the decision to freeze LPG and kerosene price for a year despite rising cost.\n\n\n\n
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
Oil Minister Ram Naik will discuss liquefied natural gas imports from Iran and seek opportunities for Indian firms in Iran's upstream sector when he visits Teheran this month, officials said on Thursday.
State-owned oil companies IOC, BPCL and HPCL are likely to post net losses in the first quarter of the current fiscal as a result of selling fuel below cost price.
The Oil and Natural Gas Corp has asked the government to review the scheme of sharing of liquefied petroleum gas and kerosene subsidy with upstream firms and said the scheme should not be extended beyond March 2004.
The Modi administration has been unable to initiate key reforms.
What will the Centre and the Tamil Nadu government do to answer the queries and fears of investors who will want to be doubly sure they would not be harassed at a later date, as has been happening to Sterlite, should be interesting to watch, says N Sathiya Moorthy.
The construction of the bridge began in 2011 at a project cost of Rs 950 crore. Its has been designed to withstand the movement of military tanks.
Oil imports are a third of India's total import bill.
UAE would help India develop strategic petroleum reserves
According to the statement by Tamil Nadu government's chief secretary, sufficient warnings were given to people residing in the vicinity of the river before water from Chembarambakkam tank was released.
A massive landslide in western Nepal has blocked a river that also flows through India, forcing thousands of people to flee to safety and triggering fears of a flood, officials said on Sunday.
Scientists have found that much of the Indus civilisation thrived around an extinct river, challenging ideas about how urbanisation in ancient cultures evolved.
A Ganesh Nadar/Rediff.com tracks the train from Jolarpettai carrying its precious cargo.
The Kathmandu-based International Centre of Integrated Mountain Development has launched a project to set up a hi-tech flood early warning system in the flood prone districts of Eastern Assam's Dhemaji and Lakhimpur.
Alvarez & Marsal will develop a detailed restructuring plan for the group to demonstrate to shareholders and lenders that it was self-sufficient in repaying its liabilities. So far, the IL&FS management had been working on its revival plan.
In its short history, Pakistan has become a geography synonymous with terror.
Banks were the frontrunners on the bourses early today as investors were deeming their valuations offered a chance for appreciation. \n\n
Total income from operations, however, dipped 27 per cent to Rs 68,261 crore.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
A preliminary deal for sale of 49 per cent in Essar Oil to Rosneft was signed between the companies in July 2015.
A senior official of the Union water resources ministry said it was an unprecedented situation on the Chinese side where Tsangpo broke a 150-year record with swollen waters and hence China has shared the information with India.
Moily insisted that no proposal has been moved to the Cabinet for raising diesel rates beyond the 40-50 paise a litre monthly increase, which has been implemented since January.
Some may lose competitiveness due to higher compliance costs
Modi made a strong case for a partnership between the producers and consumers in the oil market as it exists in other markets.
RINL wiped out its losses in 2005-06 with money from the government.
Researchers found that fuel-based lighting today provides 150,000 jobs worldwide.
RIL's profit before interest and depreciation increased by 8%.
Re-instatement of 5% custom duty on crude imports will help.
Adani's Carmichael project has been stuck in the approvals process for the past five years.
Modi and the Qatari Prime Minister, who is in New Delhi on his first visit, discussed enhancing cooperation in defence and security, in particular in cyber security and agreed on joint action to tackle money laundering and terrorist financing.
by relentlessly campaigning to highlight the indifference of the Centre to safeguard the interests of Odisha in these inter-state disputes, the BJD is seeking to pin down the BJP.
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The depreciation of the rupee, it said, reflects the wider CAD as well as lower net capital inflows.
Indian oil and gas exploration companies work in silos.
The total investor wealth in domestic stock markets soared by Rs 1.53 lakh crore as investors cheered energy reforms, including hike in natural gas prices.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
Says operating environment for Indian corporate sector has improved during FY15
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