It is rare for Cabinet ministers to tick off state-owned companies publicly, yet that was what then petroleum and natural gas minister Dharmendra Pradhan did for ONGC. Speaking at an event on June 29, Pradhan said he has asked India's premier exploration company to find fresh oil acreages fast. "Do it yourself through some joint venture (or) through a new business model. But the government cannot permit you to hold resources for an indefinite time." The reason for this stricture is India's rising dependence on imported oil and gas. Or, to put it another way, falling domestic production (see chart: "Crude truth"), especially from ONGC, which faces a simple problem.
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According to people familiar with the development, a meeting between the families was held on Saturday to discuss whether the case could be settled outside court.
In a major setback to Infosys Technologies, the company announced that Mohandas Pai, the member of board of the company has decided to resign. Meanwhile, Infosys -- India's second largest software services exports firm -- posted a net profit rise of 17.1% y-o-y to Rs 1,818 crore (Rs 18.18 billion) in its net profit for the fourth quarter ended March 31, 2011 as compared to Rs 1,600 crore (Rs 16 billion) in the corresponding quarter a year ago.
Alumni and directors of all IITs have proposed a virtual centre at IIT-Bombay for Climate Change Science, which would co-ordinate work of all environment related faculty across these premier technology institutions through a holistic approach.
In a letter to the Business School community on Wednesday, Nohria said he will step down from the position of dean of the Harvard Business School (HBS) on June 30, 2020, after a decade in the role.
Parekh, who is joining the company from Capgemini, will take over on January 2, 2018..
Industrial Development Bank of India chairman M Damodaran has resigned from the board following his appointment as the Securities and Exchange Board of India chief.
The authorities have received the opinion of structural engineers, and would start removing exotic fittings, valuable fixtures, window grills and other utensils, as per their advice. They also found cushions, glass frames, a plush swimming pool and a spa, furniture made from Burma teak.
'Many enter the civil services with the desire to do good work but get beaten by the system, step back or become part of it.' 'Ten fantastic officers out of 100 can completely change the game.'
Sooni Taraporewala makes us root for her young characters even if we aren't entirely sure about the depth of their feelings, feels Sukanya Verma.
'Amitabh practised Rang Barse well; the singing, movements, everything. And he got the inflections perfectly.'
'Those who are talking of adopting the Narasimha Rao-Manmohan Singh policy must understand now that what was a reform then is no longer a reform now,' argues Sukumar Mukhopadhyay who was associated with the 1991 economic reforms.
Professor Avkash Jadhav, head of the history department at St Xavier's College and trustee of the city-based KAASH Foundation, said a Special Investigation Team should be set up to inspect the site where trees were cut and ascertain the actual damage done.
The board of directors has taken in-principle decision to merge IDBI Bank Ltd with IDBI, the financial institution informed the Bombay Stock Exchange on Thrusday.
'Each person has their own story. You can't make a general statement about an entire industry.'
Modi is seen as exceptional not only on account of his acts but also owing to his style. He appears to sacrifice his life for the people -- like a fakir, a figure he came to epitomize even more in 2020 by growing a long white beard. Charisma is above accountability, and Modi has grasped these dynamics.
The crisis at the bank is attributed to loans made to realty player Housing Development Infrastructure Ltd, which were allegedly hidden from regulators' scrutiny, turning non-performing assets.
Deepak Ghaisas plans to start a new venture in the knowledge industry with a global business model after resigning from i-flex solutions (part of Oracle now), sources close to the development said.
The company has entered into a definitive agreement with Philips for the acquisition, Moser Baer informed the Bombay Stock Exchange.
The Taliban have been known for using violence to force the people to accept their agenda and views, he added.
Dharmendra was fascinated by Gabbar's role, then he said he would like to play Thakur. 'I told him he won't get Hema Malini.' 'He laughed and said okay (to play Veeru).'
The scrutiny started when it came to the government's notice that Shelf Drilling, a company that operates one third of ONGC's contracted jackup rig and earns a revenue of close to $220,000 a day, has China Merchant Group as its single largest shareholder.
Locust swarms can vary from less than one square kilometre to several hundred square kilometres. There can be at least 40 million and sometimes as many as 80 million locust adults in each square kilometre of swarm. Here's everything you need to know about the latest threat to India from the skies.
Industrial Development Bank of India Ltd on Monday said it will enter into a memorandum of understanding with Netherlands-based Fortis Insurance International NV for setting up a joint venture company. \n
The ailing United Western Bank on Thursday submitted a scheme of reconstruction to the regulator Reserve Bank, which has placed it under moratorium due to erosion of networth.\n
The new exchange will also help global companies raise finance from other overseas investors.
Before buying property, please carefully study the agreement with the builder, advises Sanjay Kumar Singh.
The hospital, in the commercial hub of Bandra-Kurla Complex, will serve as an isolation facility for non-critical COVID-19 patients. Expected to be ready in a fortnight, the new makeshift facility can be scaled up to 5,000 beds, if needed. The Brihanmumbai Municipal Corporation will run the hospital that will have, among other things, oxygen facilities and pathological laboratories. Sohini Das reports.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
R Venkataramanan, the managing trustee of the Sir Dorabji Tata Trust who is responsible for all Tata-run trusts, prefers to keep a low profile but has emerged as a power centre in the group - with more clout than many established CEOs, says Dev Chatterjee.
Satyam Computer Services has signed a memorandum of understanding with Maharashtra Airport Development Company to acquire 100 acres in the Nagpur special economic zone.
'It has everything to do with TRPs.' 'It is a potboiler as Bollywood stars are involved.'
Ahead of the board meeting that afternoon, in fact only minutes before that, then chairman Cyrus Mistry was given an opportunity to step down, it is learnt. But, Mistry declined
A trainee pilot and his trainer suffered minor injuries in the mishap.
The commercial vehicle business is one of the mainstays for the Tata group, highlighting the importance of Girish Wagh's appointment.
A woman Jet Airways employee was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
IDBI will finalise on Thursday the scheme for merging with itself its private banking arm IDBI Bank.
The board of directors of ING Vysya Bank, at its meeting held on May 28 have approved the bank's sale of 14.87 per cent stake in ING Vysya Life Insurance Company to Gujarat Ambuja Cements for Rs 60.9 crore (Rs 609 million).
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