Ahead of the mayor's election, the Aam Aadmi Party, the Bharatiya Janata Party and the Congress on Saturday alleged that attempts were being made to lure their newly elected Municipal Corporation of Delhi councillors.
Burdened with the impact of subsidising the retail losses of downstream oil marketing companies (OMCs), Oil India Ltd has asked the Union government to take the average of the last five years' net profit for calculating the proportionate share of upstream companies, against the current practice of the last three years' average.
State-owned Indian Oil Corporation (IOC), Adani-Total Gas Ltd and Shell were among the 29 companies that bid and bought natural gas to be produced from the deepest field in the KG-D6 block of Reliance Industries Ltd and bp, sources said. IOC walked away with almost half of the 6 million standard cubic meters per day of gas sold in an e-auction on Wednesday while state-owned gas utility GAIL bought 0.7 mmscmd, Adani-Total Gas Ltd 0.4 mmscmd, Shell 0.5 mmscmd, GSPC 0.25 mmscmd and IGS another 0.5 mmscmd, two sources with knowledge of the matter said. Reliance-bp on Wednesday held an e-auction for sale of gas from the MJ field in their eastern offshore KG-D6 block after incorporating the government's new marketing rules to give CNG-selling city gas companies first priority over supplies.
Earlier, she had filed a complaint in a Gurugram court against M/S Realtech Development and Infrastructure (INDIA) Pvt. Ltd, other developers, Sharapova and Schumacher for duping her of around Rs 80 lakh.
Lotus, one of the most successful and glorious names from Formula One's past, will return next year with a Malaysian-owned team replacing BMW-Sauber as the 13th entry on the starting grid.
Planning Commission Deputy Chairman Montek Singh Ahluwalia made a case on Wednesday for setting up a credible regulatory environment to attract funds for infrastructure development in the country. There are opportunities for private sector participation in infrastructure projects, which are being developed under the PPP mode, like on roads, ports and power, Ahluwalia told global investors.
Officials from State-run refiners contend that savings from purchase of Russian oil are used to offset a part of the losses in revenues from selling transport fuels and LPG at State-set rates.
Rediff reader Murali Krishnan Ambati, 47, from Bengaluru shares an interesting formula to save money.
Ramkumar-Balaji win Cassis Challenger title.
Abu Dhabi Grand Prix stewards dismissed a protest by the Haas Formula One team on Saturday and recognised Force India as a new constructor whose cars were eligible to compete in the championship.
Snacking is largely about fun and to ride on the fun aspect fast food company KFC has added an innovative new product on its menu - chicken popcorn- small morsels of boneless chicken, battered and fried. Indeed, the company has shown a lot of aggression over the past one year, adding new products and opening new outlets.
The price would increase from $4.2/mbtu to $10/mbtu if Rangarajan formula is accepted.
'We do believe that staging the event behind closed doors, which our fans can still watch on television, is preferable to not having a race at all.'
'Indian families' needs and expectations have gone through a revolution across economic demographics.' 'As this latest Modi-Sitharaman Budget demonstrated, politicians have understood this change. They are responding to it,' points out Shekhar Gupta.
The Union Cabinet on Wednesday hiked Dearness Allowance (DA) and Dearness Relief (DR) by 3 per cent to 34 per cent to compensate for the price rise, benefitting over 1.16 crore central government employees and pensioners. The additional instalment will be effective from January 1, 2022, said an official release after the Cabinet meeting. "The Union Cabinet...has given its approval to release an additional instalment of DA to central government employees and DR to pensioners w.e.f. January 1, 2022, representing an increase of 3 per cent over the existing rate of 31 per cent of the Basic Pay/Pension, to compensate for price rise," an official statement said.
The glass was half full for Ferrari team boss Maurizio Arrivabene after Sunday's Italian Grand Prix, even if Kimi Raikkonen filled it almost to the brim before sloshing the contents around.
According to the ED, Mallya was summoned on four occasions for questioning in connection with the contract signed in December 1995 with London-based firm Benetton Formula Ltd for promotion of the Kingfisher brand abroad.
Despite the ups and downs, the home financier is able to sustain its spreads and report the same loan growth Q-o-Q; so predictable that analysts sometimes find it boring.
The government must expedite its plan for asset sale and privatisation, both of which hardly got any mention in the Budget speech, points out A K Bhattacharya.
Vasan Bala's Cinema Marte Dum Tak shines the spotlight on Vinod Talwar, Dilip Gulati, Kishan Shah and J Neelam. All of them are articulate, witty, and expressive -- talking of their passion for films, the rise and fall of their cinema, observes Deepa Gahlot.
'I have never celebrated success the way I get depressed over a failure.'
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
Economist Abhijit Sen, a former Planning Commission member and one of the country's foremost experts on rural economy, died on Monday night. He was 72.
RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2023 after Game 52.
Nobody else needs to boycott Bollywood, they are doing a pretty good job of digging up their own foundation, notes Deepa Gahlot.
The CBI inquiry was recommended on Delhi Chief Secretary's report filed earlier this month, showing prima facie violations of GNCTD Act 1991, Transaction of Business Rules (ToBR)-1993, Delhi Excise Act-2009 and Delhi Excise Rules-2010, they said.
The plan asks private parties to buy project land directly from farmers, with the government stepping in to acquire only the final 30% required after 70% has been sold by farmers of their own free will.
RBI had asked banks to price fixed rate loans of up to three years based on marginal cost of funds from April 1
It had declared Mallya a proclaimed offender for evading summons in a FERA violation case after noting that he had failed to appear despite repeated summonses.
ATP tournaments incurred losses of between $60 and $80 million last year, hurt by last-minute cancellations
The times at the Istanbul Park circuit, hosting a Formula One race for the first time since 2011, were largely meaningless.
The best possible way to deal with job uncertainty is accepting the fact that it could happen to anyone and if it does, then it is important to work on a multi-pronged strategy on how to get through it in the best possible manner, advises Sumit Sabharwal.
In one of the first steps towards coal block re-allocation, the government has finalised the methodology to calculate coal price for e-auction and a Cabinet proposal on this is likely to be floated in a fortnight.
His comment on India did not go down well with some of his fans and he took to social media to justify what he said.
The watchdog would provide an additional option to the existing pricing methodology for preferential issuances.
Four years after entering Formula E racing, Mahindra comes out with a racing car designed for the e-racing circuit. Rajesh Karkera/Rediff.com reports.
Meet Lando Norris, who pipped Lewis Hamilton in the Austrian F1 on July 5 for a podium finish.
I am with my dream team, says Mercedes driver
