The value of the stake is not immediately known but ONGC Videsh Ltd (OVL) -- the overseas investment arm of Oil and Natural Gas Corporation -- is likely to pay an initial $300 million for drilling operations. Russian company Rosneft, which owns 70 per cent in the project, will be offloading its stake to OVL if the deal goes through. The remaining 30 per cent stake is held by China National Petroleum Corporation.
Oil Corporation's Gujarat refinery has started production of Euro-III emission norm compliant petrol, the company said on Wednesday.
The commercial real estate sector has been booming in the last few years, driven by the high demand from corporates, especially IT and ITeS companies.
Korean multinational, Samsung said it has decided to focus on tier II and tier III markets in India by introducing customisation in products for the Indian market with an aim of driving 26 per cent of its revenues this year to come from these markets.
"The scientists have produced results. It is excellent...up to the point," he said.
This will be the second launch of the 3,000-km range missile after an unsuccessful test on July nine last year from the integrated test range at Wheeler Island near Balasore in Orissa, defence officials said.
The first launch of the missile last year was a failure.
India will begin supplies of ultra low sulphur petrol conforming to the Euro-III vehicular emission norms in 11 major cities and Euro-II grade fuel in other parts of the country from April 1 but supply of diesel of the same grades may miss the deadli
India will begin the supplies of ultra low sulphur petrol conforming to the Euro-III vehicular emission norms in 11 major cities and Euro-II grade fuel in other parts of the country from April 1 but supply of diesel of same grades may miss the deadli
Two days after a perfect trial of the highly advanced Agni-IV weapon system, India on Friday successfully test-fired its nuclear-capable Agni-III missile with a strike range of over 3000 km from the Wheeler Island off the Odisha coast.
High-value insurance policies experienced muted growth in the first six months of the current financial year after the Centre decided to tax such products in this year's Budget. Simultaneously, there has been a marked improvement in the growth of policies with premiums of 'less than Rs 5 lakh', mainly originating from smaller cities. During this year's Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit linked insurance plans or ULIPs) with an aggregate premium exceeding Rs 5 lakh, and the maturity amount, would not be exempt from tax.
The nuclear-tipped Agni-III has all cities in both Pakistan and China, including Beijing, within its striking range and will be India's second strike deterrent.
While dismissing a public interest litigation that challenged the sanctity of the oath taken by members of the legislative assembly in the name of certain persons instead of as mandated in the Constitution, the high court has said that Buddha, Basaveshwara and Ambedkar are considered as divine incarnations which is the same meaning the Constitution employs to denote 'God'.
Congress leader Shashi Tharoor on Thursday said it's a pity that since switching sides, Scindia has adopted the Modi government's "uncaring attitude" to the public.
As the first week's action in the third edition of the Indian Premier League comes to a close, rediff.com takes a look at the Indian players who have made noteworthy contributions thus far.
As the first week's action in the third edition of the Indian Premier League comes to a close, rediff.com takes a look at the Indian players who have made noteworthy contributions thus far.
The soap operas of Ekta Kapoor and Ravi Chopra are likely to be axed to make way for Kaun Banega Crorepati-III because Star Plus intends to reserve the one-hour primetime slot for the show that will be anchored by Shahrukh Khan.
Following the Reserve Bank of India's (RBI's) action against Paytm Payments Bank, participants in the fintech ecosystem have turned their attention to giving priority to compliance with regulatory norms. Fintech industry players say the episode will ensure adherence to such measures. Executives Business Standard spoke to said companies should have clarity on their requirements.
Operation Meghdoot was launched on April 13, 1984, when the Indian Army and IAF advanced to the Siachen Glacier to secure the heights dominating the northern Ladakh region
In today's chat, Anil Nagar of CareerPower will take questions on how to prepare for the Institute of Banking Personnel Selection's Bank PO exam.
Traction for its specialty portfolio, a strong showing in the domestic market, and better regulatory compliance are positives for the country's largest pharmaceutical (pharma) company, Sun Pharmaceutical Industries. Given the triggers, some brokerages have increased their earnings per share estimates and target price for 2024-25 (FY25). This should sustain the momentum for the stock, which has been one of the major pharma gainers in 2023-24 (FY24), rising 57 per cent. It is currently trading at Rs 1,547 per share.
University of Burdwan B. A. Part III Honors 2010 Result will be live by 23-June-2010 at 12 noon.
Congress President Sonia Gandhi on Saturday appeared to rule out early Lok Sabha polls, saying "our aim is to go till the very end".
Airfares have nearly doubled in a matter of days on routes hit by the cancellation of 200 weekly flights linking Mumbai airport to 12 cities. The fares have soared as high as 193 per cent following a recent government order to cancel flights to ease "persistent congestion" that was causing delays. Aside from the reduction in flights on 12 routes, two destinations - Hubli and Jabalpur - have lost connectivity with Mumbai since last week, according to aviation analytics firm Cirium's data reviewed
"Interim orders wherever granted shall continue. Re-list in first half of April, 2024," the bench said in its order and directed the parties to complete the pleadings by then.
Taking its baby steps towards realising India's ambition to send humans into space, Indian Space Research Organisation on Thursday successfully tested the atmospheric re-entry of a crew module after its heaviest launch vehicle GSLV MK III blasted off from Sriharkota.
Pakistan on Friday successfully test-fired the medium-range Shaheen-III surface-to-surface ballistic missile which can carry nuclear warheads within a range of 2,750 kms, the military said.
'Rather than taking a very short-term view on the markets, equity investing should be premised on longer term growth opportunities.'
With this second successful test-firing, India now joins a select group of nations having intermediate range ballistic missiles with range up to 3,000 km. The missile will give the nation the capability to target cities in China like Beijing and Shanghai. The success of Agni-III paves the way for India to build its truly intercontinental range missiles Agni-IV with a range of 5000 km in the near future.
Any failure in the launch of the missile, which has a range of 3,000 km, 'would be a great setback to defence scientists', he added.
RBI had rescheduled the starting date for its implementation.
Pakistan on Tuesday successfully test-fired a short-range surface-to-surface ballistic missile Hatf III (Ghaznavi), capable of carrying nuclear and conventional warheads to a range of 290 kilometres, that could cover parts of India.
'2019 was fought on delivery. But in 2024, you can see the before and after effects.'
Alternative investment funds (AIFs) have not seen any significant redemptions from financial institutions even though the 30-day timeline provided by the Reserve Bank of India (RBI) to liquidate their holdings or make full provisions ends recently. Sources said the industry is awaiting certain relaxations or extensions based on the recommendations submitted to the banking regulator. On December 19, the RBI restricted financial institutions and banks from investing in AIFs where there is any downstream link or exposure to a debtor firm.
Modi's tweet came soon after he talked about the issue at an event in Noida, Uttar Pradesh while laying the foundation stone to a 14-lane expressway connecting Delhi with Meerut.
On Sunday morning, the sun shone brightly on vintage cars parked in symmetry on the grounds of ITC Maurya in New Delhi. The owners were making sure the old beauties turned up spick and span for a rally organised by ITC Hotels in partnership with the Heritage Motoring Club of India. The rally would end at ITC Grand Bharat in Gurugram, Haryana, later in the day.
