A new formula for pricing natural gas in the domestic market was determined; the decontrol of diesel prices was announced; and the scheme that directly transferred subsidies to bank accounts of users of liquefied petroleum gas (LPG) cylinders was modified and relaunched.
But earnings of main private holding firm get a booster dose from RIL dividend
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
Union government limits powers of Anti Corruption Bureau to corruption cases involving Delhi state govt officials
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
The arbitration clause is present in almost 95 per cent of corporate agreements, according to tax and audit firm Ernst & Young.
'AAP's real value must be measured not by the number of Lok Sabha seats it wins in the election -- which may not exceed 10 or 15 -- and not even by the number of votes it takes from the BJP, but by its ability to deflate Modi's superhuman '56-inch chest' image and the charisma so assiduously manufactured around him by the corporate-controlled media.'
Ruias to sell Essar Steel stake to strategic partners.
Congress stalwart Murli Deora passed away on Monday morning after battling a prolonged illness. He was a politician who shared rapport across the political and corporate spectrum.
The agency would probe whether Sibal had shown undue favour to RIL.
BC Tripathi, who helms India's largest natural gas marketer and transporter -- GAIL, discusses last-mile connectivity to homes with Jyoti Mukul and Shine Jacob.
Investors accumulated quality stocks at valuable and attractive levels.
The Supreme Court on Friday granted six weeks time to Mukesh Ambani's Reliance Industries Ltd (RIL) to respond to the final CAG report which found alleged irregularities including in payments made to the contractors on drilling of D6 wells at the Krishna-Godavari basin.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
'According to politicians, farmers are the fourth grade citizens of India.' 'We farmers could meet the prime minister and ministers during Congress rule.' 'But none of the BJP ministers want to even meet us.' 'The prime minister has time only for foreigners, but has no time to meet us farmers.'
Dispute resolution provisions in the production sharing contract remained unimplemented, while the regulator faltered, points out Jyoti Mukul.
Reason behind for the change in his stance: gas price increase.
ONGC must tackle several issues first only then it can turnaround its fortunes.
Oil Minister Dharmendra Pradhan had last month told the Parliament that his Ministry has disallowed RIL from recovering $2.376 billion invested to develop offshore Krishna Godavari gas fields as output has fallen drastically and was way below the promised volumes in past four years.
Duty cut on raw material imports are not likely.
Dharmendra Pradhan lays bare the next course of action for his ministry and says RIL will have to pay the same price at which it produced the volumes.
Reliance Industries on Friday hit out at Oil and Natural Gas Corp (ONGC) for suing it over KG gas dispute, saying some elements in the state-owned firm may be "misleading" the chairman D K Sarraf to hide their failure in developing the discoveries made over 13 years.
The committee said whatever benefit RIL received in terms of the migrated gas is liable to be returned to the government.
While lower gas output led to earnings cuts, price rises with regular ramp-ups in output will lead to earnings upgrades
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Ramesh says that since the attitude of the Narendra Modi government is deliberately provocative and confrontational, it should not expect cooperation from the Congress.
Punjab politics has produced a dog's breakfast on the river waters issue. Except, you'd see even dogs eat better, says Shekhar Gupta.
Gas pricing guidelines stipulate that a new gas price will apply to all producers except RIL.
Seeing the potential of shale gas, Reliance Industries moved early to secure a foothold in the Marcellus shale reserves in the US.
CAG may not be the cure-all for the ills that afflict PPP projects and is perhaps a sub-optimal solution to the problem.
For India's upstream sector that has seen no new discovery coming into production.
'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.
Even a 6 percent vote-share would make AAP an important player on the national scene. The key lies in strategically concentrating AAP's vote, especially in the cities, so that it can break Narendra Modi's momentum, besides defeating an already weak Congress, says Praful Bidwai.
'You cannot judge a government within a month. Give us five years' time.' 'At times, strict economic decisions have to be made for the good of the poor in the long run.' Dharmendra Pradhan, one of the Modi government's stars, speaks exclusively to Sheela Bhatt/Rediff.com about why the government is forced to roll out 'bitter medicine.'
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.
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