Reliance Industries' flagging KG-D6 gas block holds 80 per cent less reserves than previously estimated, the firm's junior partner Niko Resources of Canada said.
According to Fitch rupee is expected to weaken to 72 to a dollar by the end of December 2019, and further to 73 by December 2020, from 69.82 to a dollar in end December 2018.
RIL has more than half a dozen undeveloped discoveries.
The reputation of corporate America after the economic crisis has turned positive.
The Reserve Bank has notified that all transfer of stake or interest in an oil and gas field to non-residents will be treated as FDI and will have to be reported under Foreign Exchange Management Act (FEMA).
RIL, which had made four consecutive gas discoveries with close to 500 billion cubic feet of in-place reserves in block, proposed immediate relinquishment, its minority partner Hardy Oil and Gas plc of UK said on Wednesday.
Bilderberg, which has been called the high priests of glabalization, is accused of running a shadowy global government.
Chances of a rate cut in April improve if core inflation continues to ease, growth falling below the projected 7.2% for FY19 and if the global trade slowdown exacerbates.
The theme for this years conference is 'India: Gaining Momentum'.
The Chief Judicial Magistrate probing the mysterious death of Deputy Chief Medical Officer Y S Sachan in district jail hospital in Lucknow has summoned the jailor and sought the post-mortem report and its video recording.
Salman Khan does not always make for a good interview, but he can be entertaining when he's being interviewed.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully.
Former India captain Col. Balbir Singh and Arjuna awardee Sita Gusain Mehta have been retained in the newly-constituted 10-member selection committee announced by Hockey India, in Delhi, on Wednesday. Apart from Balbir and Sita, none of their former colleagues -- BP Govinda, Muneer Sait and Arjuna awardee Madhu Yadav -- found a place in the new panel, which has three female representatives in Rekha Bhide, Rajbir Kaur and Sita.
Additional District and Sessions Judge BP Verma directed that Sen be released on a personal bond and surety of Rs 50,000 each, three days after the activist, who was sentenced to life imprisonment on sedition charges for helping Naxals set up a network, was granted bail by the apex court.
The BSE market breadth was positive. Out of 3,004 stocks traded, 1,605 advanced while 1,277 declined.
'He would never make fun of the person asking the question, however way-out the question may have been,' says Meenal Baghel, former editor, Mumbai Mirror.
The company is in talks with BG India and Italian E&P major, ENI.
Keeping your blood pressure under control can be quite a task. Try out these foods to make sure it doesn't shoot up.
Reliance Industries Ltd (RIL) said on Wednesday that the government's move to disallow it recovery of certain costs relating to the D6 gas block in the Krishna-Godavari basin (KG-D6) did not amount to a penalty and was also not in line with the contract the two had signed.
The entire effort to artificially bury the Bhopal legacy is misguided. Unfortunately, the legacy lives on. Justice demands that it is brought to an honourable, dignified closure in a fair and transparent manner. The Group of Ministers has failed to do that, writes Praful Bidwai.
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
With the government reducing the net worth for new entities in fuel-marketing space to Rs 250 crore, the market is open for new players like Total, Adani, and Saudi Aramco -- and even supermarkets - to open fuel outlets.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
Crude oil's long price slide might be ending, feel some experts. Last Friday, the price of Brent crude, seen as a benchmark for what India uses, saw a low of $75.3 a barrel - it is now trading around $79. The fall has been nearly a third from its high seen in June, only five months earlier.
Billionaire Mukesh Ambani-run Reliance Industries Limited began gas production from the Krishna-Godavari basin in April, 2009, and its 60 million standard cubic metres per day output led to a 75 per cent jump in natural gas availability in the country to 140 mmscmd.
'Unfortunately, the most likely outcome is that they will press India to give in to the ISI, or, equally disastrously, ask for Indian troops to join them in Afghanistan.'
The six-month moratorium on deep-water drilling in the Gulf of Mexico is likely to delay the deployment of idle rigs by Aban Offshore and impact the day rates for support vessels that companies such as Great Offshore supply.
If proved correct, MJ-1 would the third biggest gas field in KG-D6 after D1&D3.
Get Ahead readers suggest how tragedies related to drunk driving cases can be avoided. Share your suggestions!
State-owned Oil and Natural Gas Corp has bid for Russia's Trebs and Titov oilfields and is pitted against local giant LukOil and a venture owned by energy major BP Plc for rights to develop the giant reserves.
BP spokesman Mark Proegler said that the oil major had approved a test of Costner's Ocean Therapy device to help the company clean up the Gulf after its Deepwater Horizon drill rig exploded and began spewing oil into the water.
As part of our weekly series on dating, we bring you the dos and don'ts of the love game broken up into different career choices. Today: The Hazards of Dating a Doctor!
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
Second setback for the company in less than a month.
'Mumbai is at a peak, from here it can only be a downward trend.'
It is unclear how much of the estimated 700,000 gallons (approximately 16,700 barrels) of #2 fuel onboard burned before it sank.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Most analysts expect the note ban to sharply hit GVA growth in Q3 and Q4, and the central bank's stance is being called into question.
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