It is unclear how much of the estimated 700,000 gallons (approximately 16,700 barrels) of #2 fuel onboard burned before it sank.
"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.
Refining margin is the difference in prices of crude oil and finished products. More exposure to diesel behind less fall in Indian refining margins.
Minister of State for Petroleum and Natural Gas Jitin Prasada, who led the roadshows in the US and Canada, said the roadshows for 70 blocks offered in NELP-VIII and 10 coal bed methane blocks received overwhelming response from investors.
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.
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.
'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.
Asking India's Reliance Industries and other energy firms doing trade with Iran to choose either Tehran or Washington, US Senators have moved a bill aimed at penalising such companies.
The five-year BP outsourcing deal for $1.5 billion (Rs 7,500 crore) is the best piece of news that the outsourcing industry has had since the global recession began. It tells the country that outsourcing, and its companion off-shoring, are here to stay.
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
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.
Ayodhya, the birth place of Lord Ram, would virtually be turned into a fort as unprecedented security arrangements have been made for 'sawan jhula mela' after intelligence reports of a probable extremist activity during the festival, slated to begin in Ayodhya from August 4.
Attainment of growth and price stability through isolated measures by RBI may not be the most effective way
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
The government has slapped an additional penalty of $792 million on Reliance Industries for producing less than targeted natural gas from its eastern offshore KG-D6 block.
There will be a strong focus on buying uncapped Indian players with eight franchises gearing up to pick a maximum of 76 out of the 350 plus, who will go under the hammer at the auction for the 10th Indian Premier League.
Oil prices could hit $100 a barrel by the end of next year.
The government on Monday received 181 bids from global and domestic oil majors, including ONGC, Reliance Industries, Essar, BP Plc and BHP Billiton, for oil and gas exploration blocks under the seventh round of NELP auction.
The government was planning to come up with a new fiscal model giving 'special incentives' for fields that were given out on nomination to ONGC and Oil India, reports Shine Jacob.
Most of the companies are Chinese and surprisingly all are diversified banks.
Indian Cricket League (ICL) on Monday filed a statement of claims before the arbiter, seeking damages of Rs 4 crore from Pakistani cricketer Mohammad Yousuf for alleged breach of contract.
'Mumbai is at a peak, from here it can only be a downward trend.'
Denied adequate preparation time in India, the West Indies would look to utilise all their resources when they take on Board President's XI
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The Management Committee headed by Director General of Hydrocarbons R N Choubey refused to take a view on appointment of renowned reservoir consultants Ryder Scott, DeGolyer and MacNaughton, Gaffney, Cline & Associates or Netherland, Sewell & Associates to ascertain if RIL's claims of fall in reserves are actually true or the firm was hoarding gas by producing less, official sources said.
Launching a major global initiative for attracting foreign investment in the hydrocarbon sector, India on Monday held a roadshow in London for auctioning 55 oil and gas exploration blocks.
"It happens that there is a break in the rainfall pattern," says BP Yadav, who crunches the relevant numbers at the Indian Meteorological Department in New Delhi.
'Biden's promise of returning to 'normalcy' after Trump appears to mean that the same old politicians, who are responsible for the 'endless wars' in Afghanistan, Iraq and Syria, are being brought out of the woodwork after four years,' notes Ambassador M K Bhadrakumar.
The judge orally observed that the obtaining of this kind of benefit by any such nominee-director raised an important question of morality and, equally, of law.
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
Sunita Roy Chowdhury lets you know how you can stay healthy this festive season.
BPOs provide some serious career options and a competitive edge to your career.
Make these simple lifestyle changes and lead a healthy life.
Ratan Tata, who heads the biggest industrial conglomerate in India, on Tuesday joined an elite group of global business leaders like Microsoft chief Bill Gates and BP Group CEO Lord Browns
Shameem Akthar digs into her sadhana kit for an immunity-boosting sequence.
A common misconception is that dieting helps you reduce weight.
India's batting line-up poses a 'big threat' and Australia need to score huge runs to counter the hosts during the five-match ODI series beginning on September 17, all-rounder Marcus Stoinis said on Tuesday.
RIL's Dhirubhai-34, or R-Cluster field, in the flagging KG-D6 block was to produce about 13 million standard cubic metres per day of gas, equivalent to present day output from D1&D3 as well as MA fields, by 2017-18.
