A sessions court has acquitted four persons, including a Shiv Sena member, in an attack case on the India Today office in South Mumbai two years ago.
The government will continue the policy of equitable burden sharing between the state, oil companies and consumers for absorbing the impact of the upward spiral in global oil prices.
The government plans to create 50 to 100 rural business hubs through public-private-panchayat partnership throughout the country, so as to equally distribute the benefits of economic growth.
Oil and Natural Gas Corporation ONGC will tie-up with Norway's state-owned oil firm Norsk Hydro to jointly explore for oil and gas in the Gulf region.
Petroleum Minister Mani Shankar Aiyar on Tuesday indicated that the government would increase petrol, diesel and LPG prices, but also cut duties in a bid to contain the impact of surge in international oil prices.\n\n
Oil and Natural Gas Corp, India's largest oil producer, plans to set up new refineries at Rajasthan and Kakinada in Andhra Pradesh, Petroleum Minister Mani Shankar Aiyar said on Thursday.\n\n
The petroleum ministry has proposed a Rs 3.25 per litre hike in petrol and about Rs 4 per litre increase in diesel prices in line with the spurt in global crude oil prices that have touched $66 a barrel.
India on Monday invited South Korean oil companies to invest in the country's upstream and refining sector and also work jointly to explore opportunities in other countries.
India and Pakistan will on Tuesday discuss financing of the $4.1-billion Iran-Pakistan-India gas pipeline project, the transit fee that Islamabad will charge for allowing the passage of the pipeline to India and security issues.
Last week, Pakistan and Iran had signed a memorandum of understanding for the implementation of the 2600-km project.
BHP Billiton, the world's largest diversified resources company, has said that there are sufficient features in the pre-feasibility study of the $4.16-billion Iran-Pakistan-India natural gas pipeline to ensure safety.
Left parties on Monday opposed any increase in petrol and diesel prices in step with the hike in global oil prices and higher taxes, and asked the government to restructure duties to protect the consumers.
Venezuela and India would start a pilot project on heavy oil exploration in Rajasthan in August, Centre said on Tuesday.
National Thermal Power Corp, Gas Authority of India Ltd and Indian lenders will contribute Rs 500 crore (Rs 5 billion) each as equity
Government on Tuesday said it was considering whether to increase prices of petrol and diesel due to increase in international crude oil prices.
The government is mulling divesting a minority holding in oil exploration firm Oil India Ltd but no decision has been taken on the mode of sale, Petroleum Minister Mani Shankar Aiyar said on Wednesday.
He has been given time till March 15.
India's oil major ONGC has signed a memorandum of understanding with Russia's Gazprom, paving the way for their possible joint bidding for global energy assets.
The government has allowed Reliance Industries Ltd and Mangalore Refineries and Petrochemicals Ltd to sell kerosene outside the public distribution system, Petroleum Minister Mani Shankar Aiyar said on Thursday.
The group of ministers' meeting on Tuesday on raising natural gas price for fertilizer and power units and setting up a regulator for the oil sector remained inconclusive.
Public sector oil companies lost Rs 9800 crore (Rs 98 billion) in the first six months of 2004-05 fiscal for selling petroleum products below the import cost, Petroleum Minister Mani Shankar Aiyar said on Tuesday.
The government will offer 20 oil and gas exploration blocks in the fifth round of bidding under the New Exploration Licensing Policy in January 2005, Petroleum Minister Mani Shankar Aiyar said on Friday.
petroleum minister has announced that fuel prices would not be hiked and talks with allies on the issue were on.
China on Wednesday said it was open to Indian oil firms investing in oil and gas exploration in the Communist country.
'I don't feel useless,' says Mani Shankar Aiyar.
It would be best that Rahul remains party chief, but at the same time, Rahul's own wishes must also be respected, Aiyar said.
The government said on Wednesday that it was considering public sector oil companies' request for hiking security deposit on LPG cylinders from Rs 650 to Rs 1000 but clarified that there was no freeze on issuance of new connections.
The government is considering giving public sector oil firms limited freedom in fixing petrol and diesel prices by setting a price band.
In a clear move to protect consumers from hardening global oil prices, the government will announce by June 15 a new pricing policy for petrol, diesel and LPG that may include lower duties and targeted subsidies.
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