'Modi's idea of India is to make it less liberal, less tolerant and a less accommodative of diversity.' 'We are headed, if Modi continues, to become an ill liberal democracy.' 'Modi is not Vajpayee. Vajpayee was fundamentally decent, tolerant and fair. He played by the rules of the game. Modi is a different story.'
Dabhol's assets will be demerged into the power plant and the LNG terminal.
The Supreme Court on Wednesday agreed to hear a plea seeking stay on arbitration proceedings on a dispute between Mukesh Ambani-led Reliance Industries Ltd (RIL) and the government over recovery of cost for developing the country's key natural gas field in the Krishna-Godavari (KG) basin.
Seeing the potential of shale gas, Reliance Industries moved early to secure a foothold in the Marcellus shale reserves in the US.
Reports have put the IPO pipeline between 19 and 30 issues, of Rs 10,000-20,000 crore or Rs 100-200 billion.
The agency would probe whether Sibal had shown undue favour to RIL.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
A Texas company will submit a report by June on whether a company controlled by RIL 'stole' natural gas from the wells where ONGC is contracted to operate in the KG basin, as alleged by ONGC.
Gas pricing guidelines stipulate that a new gas price will apply to all producers except RIL.
