Shell had last imported LNG cargo at its Hazira Terminal in Gujarat on Oct 13, 2008 from Trinidad and Tobago at $20.5 per mmbtu. On the $9.06 per mmBtu import price, a five per cent custom duty will be levied, taking the landed cost to $9.4 per mmBtu.
Reliance Industries has said that it had in December 2005 signed a contract to sell natural gas to NTPC at $2.34 per mmBtu price for 17 years, but it was the state-run firm that did not reciprocate.
On Lagaan's 20th anniversary, we bring back Aamir Khan's views expressed in an exclusive interview to Rediff.com Contributor Haresh Pandya in February 2000.
The withdrawal of the arbitration will now entitle the two companies to marketing and pricing freedom on the natural gas they produce from newer fields in the deep sea at an investment of Rs 40,000 crore by 2022.
The block was offered to the consortium under New Exploration and Licensing Policy (Nelp VII). RIL has 70 per cent participating interest and BP, which is the operator of the block, holds the remaining 30 per cent.
Scottish explorer Cairn Energy Plc rejected state-owned Oil and Natural Gas Corp's $200 million bid to acquire its oil and gas properties on east and west coasts of India.
Veteran director Shyam Benegal is having a tough time finding producers for his ambitious project Spy Princess in the recession hit film industry. The film has been adapted from a book of the same name by Sharabani Basu. Noor Inayat Khan, a descendant of Tipu Sultan, was a British-Indian princess who served as a spy during World War II and was captured and shot dead by German forces, who failed to extract any information from her.
Ratan Tata, the 71-year-old Indian industrial patriarch whose Tata group now owns Jaguar and Land Rover, had personal experience of the importance of Jaguar's "heritage"during a visit to the British company in mid-July.
The operators believe that the industry is not ready for these services, even though such plans are good for users in Singapore. The service charges in the country are already lowest in the world and will not slide further for sometime. Moreover, this is also against the existing practice of an operator trying to match every scheme launched by competitors.
Summary of World Cup qualifiers played across the world on Thursday
The market share of Mondelez, which owns Cadbury, for its premium brands is way ahead of competitors, despite stiff fight in this arena.
'We need more universal films like Dangal, Sultan or Padmavat that work across single screens and multiplexes.'
Virgin Atlantic Chief Richard Branson is lobbying to enter the Indian domestic aviation sector.
Committee of secretaries is working on the formula and it is understood that EAC is also being asked to go through the formula.
A senior executive with global investment banking giant Goldman Sachs, Sanjay Patel, has been named among the UK's 20 most powerful fund managers. Currently in his second spell at Goldman Sachs, after leaving it for an alternative asset management fund house GSC Partners, Patel is co-head of Goldman Sachs' European PE and Indian capital equity businesses. Patel returned to Goldman Sachs in February 2006.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
During the two-day visit, the delegation headed by CII President Sunil Bharti Mittal is scheduled to meet key people such as UK Secretary of State for Health and Environment and interact with industry captains.
The top posts on social media from your favourite Bollywood celebrities.
Annabel Mehta, Sachin Tendulkar's mother-in-law, has dedicated her life to working with the Beautiful People of the other half of Mumbai without whom the city would neither exist nor thrive. Vaihayasi Pande Daniel met the amazing lady who was awarded the Member of the Order of the British Empire for her service to underprivileged communities.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
Mukesh Ambani-promoted Reliance Industries will lose around $1 billion (Rs 4,300 crore) a year if it sells gas to the Anil Ambani's Reliance Natural Resources at the agreed price of $2.34 per million British thermal unit
British Prime Minister Theresa May will be in India tomorrow, but Cyrus Mistry will no longer head the Indo-UK CEO forum.
Mukesh Ambani controlled Reliance Industries fears that gas supplied to Reliance Natural Resources, belonging to younger brother Anil Ambani, would be traded to a third party as RNRL does not have a power plant, said Harish Salve, the legal counsel of RIL.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Deal makes company world's second largest producer of soda ash.
'I suggest Rahul Bajaj come out in the open and give us his own white paper on the perceived sense of fear that he thinks haunts corporate India,' says Dr Sudhir Bisht.
India's emergence to the top spot, over the fourth last year, was revealed by a survey conducted by a widely-read British magazine Conde Nest Traveller, which gives away Readers Travel Awards, considered to be the Oscar awards of the tourism industry
'Gone too soon, Astad, but I know whenever we meet in that world beyond, I will watch you dance.' Swarupa Dutt remembers a remarkable human being and a magnificent performer who left the world poorer when he passed into the ages on Thursday.
'Given the past practice in the Pakistan army, this delay is most unusual,' notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
he company has not put in place a full-time managing director for the past one and half year after the exit of Vikram Pawah in January last year.
The Indian Institute of Management, Lucknow, invites industry delegates and management students to attend its annual IT management seminar, AIMS 2006.\n
'We have had 27 years of liberalisation and in the same period Korea and Japan and China transformed themselves forever,' says Aakar Patel.
'Modi is the first BJP leader to try to include Dalits in its fold.' 'But the rank and file of his party is backward and want to bash up Muslims and Dalits whenever they have a chance.'
Directors feel Shilpa is likely to win more ad contracts than big films.
In all, 25 Chairman-cum-Managing Director (CMD) posts, 8 MD posts and 2 Chairman posts are lying vacant, according to a written reply by Minister of State for Heavy Industries and Public Enterprises P Radhakrishnan in the Lok Sabha.
Forbes magazine has compiled a list of the best 2000 global companies. 48 Indian companies figured on this list. Top amongst the Indian companies are Reliance Industries and PSU major ONGC at 193rd and 198th ranks. HSBC topped the list. Other Indian companies on the list are SBI, Indian Oil, ICICI Bank, NTPC, SAIL, Tata Steel, Bharti Airtel, RComm, HDFC, L&T, BPCL, RPower, RCap, BHEL, Infosys, Tata Motors, Wipro, ITC,Canara Bank, Central Bank of India, Union Bank of India,DLF
Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
