If the waxy crude oil from Cairn's Mangala field in Rajasthan's Barmer area could get the company such high valuations, the prospects of other companies producing higher-grade crude oil or natural gas certainly brighten.
ONGC's return on investment becomes positive after govt makes Barmer block royalty cost-recoverable.
Heavy to very heavy rains are expected in Maharashtra, Gujarat, west Madhya Pradesh and Goa in the next couple of days, the India Meteorological Department said.
The BJP's victory in the desert state was so absolute that the Congress failed to open its electoral account in 17 of Rajasthan's 33 districts! P B Chandra reports.
P B Chandra finds out if the 'Modi wave' is sweeping the desert state as party workers have been claiming since the Bharatiya Janata Party's thumping victory in the assembly polls last year.
The government-owned Oil and Natural Gas Corporation, Cairn India's partner in the Barmer block in Rajasthan, is closely scrutinising the stake sale in Cairn India by Cairn Energy.
Former Bharatiya Janata Party leader Jaswant Singh continues to be on life support systems after he was operated upon for a head injury at the Army Research and Referral Hospital in New Delhi after he had a fall at his residence.
Former Bharatiya Janata Party leader Jaswant Singh is in a critical condition after being operated upon for a head injury at the Army Research and Referral Hospital in New Delhi following a fall at his residence. Doctors at the hospital said that examination showed he was in a state of coma.
With Cairn Energy Plc voluntarily offering to meet government conditions, the Oil Ministry may find it difficult to nix its deal to sell majority stake in Cairn India to Vedanta Resources.
After the success of Barmer oil fields in Rajasthan, Cairn India - the second largest oil and natural gas explorer in the country - bets heavily on wildcat drilling.
The EC cited Section 8(1)(g) of the RTI Act exempting the disclosure of information which would endanger the life or physical safety of any person or identify the source of information or assistance given in confidence for law enforcement or security purposes.
Indian Oil Corporation has started buying crude oil from Cairn India's Rajasthan oil fields, which have now crossed the 1,00,000 barrels per day mark in production.
Prime Minister Dr Manmohan Singh on Saturday said that a needless controversy had been created over the Pokhran II nuclear tests that took place in May 1998.
RIL's predominantly gas rich KG-D6 block, off the east coast, has also helped boost availability of the environment friendly fuel in the country.
Prime Minister Dr Manmohan Singh said on Saturday that relations with Pakistan are currently not conducive for the two sides to have talks at any level.
Western parts of Rajasthan were rocked by a moderate intensity earthquake early on Thursday morning, according to a meteorological department official.
Sanjeev Nayyar travels across India from Barmer to Arunachal to Mahabalipuram, and comes back humbled and impressed with the women he interacted with through his journey.
This crisis requires political sophistication and governance skills. This BJP has neither, observes Shekhar Gupta.
Churu in Rajasthan is sizzling with a record temperature of 50 degree Celsius.
In an attempt to stop states from levying local sales tax on inter-state transactions, the Centre has told Rajasthan that only Central Sales Tax can be levied on crude oil sold from Cairn India's fields in the state to refiners elsewhere.
Actor-politician Shatrughan Sinha, who joined the Congress ahead of the Lok Sabha election, lost to Union minister Ravi Shankar Prasad from Patna Sahib constituency in Bihar by 2.84 votes.
"Special Judge of NDPS Court, Jodhpur has admitted my complaint and sent it under section 156/3 of CrPC for investigation to the police station in Balotra area of Barmer district," Malam Singh Choudhary, counsel for complainant Omprakash Bishnoi, said. It was contended on behalf of the complainant that on October 31, Jaswant Singh had organised a social function traditionally called 'riyan' at his ancestral house near Jasol during which opium was illegally served.
Two Pakistani boys, who were arrested after straying across Barmer border in Rajasthan, were handed over to the Pakistani authorities as they were found innocent. They were quizzed by a team of officers from BSF, RAW, CID and the Rajasthan police, Meena said, adding nothing incriminating was found against the two. The duo, which apparently dug the earth below a barbed wire fence on the Indo-Pak border to sneak into Barmer on Saturday, were apprehended by the BSF.
The polling body said that Prime Minister Narendra Modi did not violate the model code or its advisory on armed forces in his speech in Varanasi. It also found nothing wrong in his comments made in Nanded, Maharashtra where he reportedly dubbed the Congress as a 'sinking Titanic'.
Scores of people on Sunday began a "mahamratyunjya yagya" at the Mukteshwar Mahadev Temple in Jaisalmer for the fast recovery of their leader and former NDA minister Jaswant Singh who continued to be on life support system after he was operated upon a head injury at the Army Research and Referral Hospital in Delhi.
Former Prime Minister Manmohan Singh on Saturday visited former Defence Minister Jaswant Singh who is in coma in Army's Research and Referral Hospital after suffering head injuries.
It was alleged that Singh welcomed the guests by offering them opium diluted in water, a charge denied by him. A local resident Om Prakash Vishnoi, through his counsel Malam Singh Choudhary, filed the complaint before the special judge, Narcotic Drugs and Psychotropic Substances Act cases, under various sections of the law.
Cairn India, a unit of UK-based Carin Energy, will have the potential to account for 20 per cent of India's oil production in the next decade once oil starts flowing from its three fields in Rajasthan.
General T N Raina was an iconic Indian military leader whose contributions to the nation should be more widely known, notes Lieutenant General Syed Ata Hasnain (retd).
Police on Thursday registered a case against senior Bharatiya Janata Party leader Jaswant Singh and nine other party leaders including some Rajasthan ministers for allegedly using opium in a social function recently.
A plea of the UK-based Vedanta group company to export its share of crude oil from Barmer oil field in Rajasthan was on Tuesday rejected by the Delhi high court on the ground that domestic crude cannot be exported till India attained "self sufficiency".
Cairn India on Wednesday said it will invest about $2 billion in the country over the next one and a half years for developing oil fields and building a pipeline which will deliver oil from Barmer in Rajasthan to the coastal areas of Gujarat.
In a sharp attack on Narendra Modi and the Bharatiya Janata Party campaign centric around him, expelled party veteran Jaswant Singh on Sunday deprecated "veneration" of an individual and said world was full of graveyards of those who are considered indispensable to their nation.
'Jawans are not rich and their families need succour in their time of loss.'
State-run Oil and Natural Gas Corporation on Monday said it has resolved differences with Cairn India Ltd for building a $340-million pipeline to take crude oil found in Barmer district of Rajasthan to Gujarat.
\nThe hill resort of Mount Abu recorded 0º Celsius on Sunday night. Pilani was at 4ºC, followed by Jaipur at 5ºC.
Samajwadi Party leader Azam Khan on Thursday invited rebel Bharatiya Janata Party leader Jaswant Singh to join his party saying that its doors were open for him.
The chief minister of Rajasthan, Vasundhara Raje has asked the ONGC chairman to hold talks with the state government over the oil refinery to be set up in Barmer in Rajasthan.
Parts of south, east and northeast India are expected to get some relief from the blistering heat, with the onset of monsoon expected to take place over Kerala on Saturday.
Oil and Natural Gas Corporation is likely to abandon the proposed Rs 8,000 crore (Rs 80 billion) refinery at Barmer in Rajasthan if Cairn Energy declines discounts on the low grade crude oil the UK company will produce in the state.
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