He further said that the "focus is on horizontal drilling" as rock formation has created challenges for vertical drilling.
Recently, the government relaxed foreign direct investment (FDI) norms for the space sector by allowing 100 per cent FDI in manufacture of components, systems or sub-systems for satellites, ground segments, and user segments. It also permitted 74 per cent FDI in satellite manufacturing and operation as well as satellite data products and 49 per cent in development of launch vehicles and spaceports. Following this, stocks of related companies saw an uptick on the bourses.
Notwithstanding the recent sharp decline in the stocks of public sector companies, analysts at Jefferies remain bullish on this segment. State Bank of India, Coal India, and NTPC are their top picks in this space, they said in a recent note. The public sector undertaking (PSU) or state-owned enterprise (SOE) index, with a 70-percentage-point outperformance versus the National Stock Exchange Nifty50 over the past 12 months, comes after a decade of underperformance before 2020.
The 41 workers trapped in Uttarakhand's Silkyara tunnel for the last 11 days are likely to be rescued in the next few hours or by tomorrow, National Disaster Management Authority (NDMA) member Lt Gen (retd) Syed Ata Hasnain said on Thursday evening.
Apart from that, as part of efforts to provide assurance to 41 workers trapped in the Silkyara tunnel and relieve their stress, Bharat Sanchar Nigam Limited has stepped in to provide them with a landline through which they can talk to their families.
Afsar Dayatar/Rediff.com worked hard through the year to capture movie stars on camera, and here are some of 2023's most entertaining moments.
The Opposition INDIA bloc on Friday finalised a 14-member coordination-cum-election strategy committee comprising members of various parties, and it will function as the alliance's highest decision-making body and start work on seat-sharing immediately, sources said.
'I have made a new rule: When I'm having my morning tea, a guy keeps the harmonium on my bed.' 'So while I'm writing what my plan for the day is, that harmonium is in front of me and I do riyaz of 40-50 minutes.'
Renowned ghazal singer Pankaj Udhas, whose velvet smooth voice gave expression to the many colours of love, longing and heartache in songs such as Chitthi Ayee Hai and Aur Ahista Kijiye Baatein, died in Mumbai on Monday, February 26, 2024, after a prolonged illness.
Not only will Arun Govil, Sunil Lahiri and Deepika Chikhalia attend the Pran Pratistha ceremony, Moti Sagar, Ramanand Sagar's son, also received an invitation.
Sonu Nigam talks about his future work, the good and bad of reality television and his son.
While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.
Tata Consultancy Services-led consortium has bagged a Rs 15,000-crore contract from BSNL to deploy 4G network for the state-run telco. In a statement, TCS said it has received an "advance purchase order" valued over Rs 15,000 crore from BSNL.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'
Sanjay Gadhavi passed away on November 19. His Dhoom stars pay him tribute.
Public-sector enterprise stocks have seen a good run thus far in 2023-24 (FY24), with the S&P BSE PSU Index surging by over 26 per cent during the period, compared to an 11 per cent increase in the benchmark S&P BSE Sensex.
Sonu Nigam turned 50 on July 30, and hosted a grand birthday bash in Mumbai on Saturday night.
The new Ram Lalla idol was consecrated at the Ayodhya temple on Monday, an event led by Prime Minister Narendra Modi and watched by lakhs of people on television at their homes and in temples across the country.
When stars travel, they make lovely pictures on social media.
On Hema Malini's 75th birthday, the star and her daughters -- Esha and Ahana Deol -- hosted a birthday bash in Mumbai, and invited friends from the industry for a musical night.
The verdict in the Google versus Epic Games antitrust case in the US has spread cheer among the Indian gaming and app developers. Ending a three-year legal battle, the San Francisco jury found that Google turned its Play app store and billing service into an illegal monopoly. American video game maker Epic Games, best known for Fortnite, had sued Google in 2020.
Tata Steel has built an iron ore chest of nearly 600 million tonnes (mt) and will look for more as it prepares for life beyond 2030 when its legacy captive mines come up for auction. The lease for four of its existing iron ore mines -- Joda East, Noamundi, Katamati, and Khondbond -- that feed the domestic operation with low-cost iron ore is going to expire in 2030, following changes in mining regulations. The year will also coincide with Tata Steel's ambitious target of doubling steelmaking capacity in India to 40 mt, increasing the need for iron ore. The company is pushing the pedal to ensure that it has enough resources to meet enhanced needs.
India's iconic Vande Bharat train project may finally find a solution to its two Russian-related issues.
Rescue work at the collapsed Silkyara tunnel in Uttarakhand was virtually on hold Sunday as the agencies involved in the effort set themselves up for the next stage -- adopting multiple approaches to reach the 41 men trapped inside for a week.
'As we grow older, we fight much less with each other.' 'The magic mantra is 'Drop it!'' 'I would recommend it for all relationships.' 'In anger, we can say many hurtful things that can leave a deep scar, so dropping it is the healthy way of preventing that from happening.'
While Salman Khan, leading lady Pooja Hegde and, of course, Venkatesh remain the reason audiences will get attracted to theatres, there is a large supporting cast, waiting for their moment to shine.
'How did you sleep through the cries of a Mohammad Akhlaq, or a Pehlu Khan being beaten to death? Did you then tweet, 'Goondagardi hai, bas'?' Durba Dhyani addresses the singer.
'We want to achieve overall profitability, and then we would go for an IPO.'
Phalguni Singh's second half goal was enough for ISL side Northeast United FC to overcome a spirited Indian Army FC 1-0 in the first quarterfinal of the Durand Cup in Guwahati on Thursday.
The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.
A water crisis looms large over the capital city of Himachal Pradesh with heavy rains in the past few days damaging supply schemes and causing silt in water resources.
Market concentration in the country's telecom sector continues to scale new heights despite government bailouts of public-sector Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), and private-sector Vodafone Idea. The combined revenue (or net sales) share of the country's top two telecom operators - Bharti Airtel and Reliance Jio - in the sector's total reached an all-time high of nearly 72 per cent in FY23 from 70.4 per cent in FY22 and around 60 per cent in FY20. The net sales of Reliance Jio and Bharti Airtel India were Rs 1.67 trillion in FY23, up 18.6 per cent from the Rs 1.4 trillion a year earlier.
As many as 267 of 453 companies from the BSE500 index are trading above their consensus price targets, according to the data compiled by Bloomberg. Not all companies in the BSE500 index are tracked by analysts.
Arjun Menon lists some of the popular songs from the South Indian movies in 2023.
"The Haryana-based company, which was awarded the contract, has been served with a show cause notice by the managing director of Bihar Rajya Pul Nirman Nigam and asked to reply within 15 days," Amrit told PTI.
A number of private companies have contributed to the development of ISRO's Chandrayaan-3 spacecraft which successfully landed near the south pole of the Moon on Wednesday evening.
The Highlanders were the more organised side from the moment the referee blew his whistle and their upper hand in the game finally paid dividends in the 26th minute of the first half.
Animal's violence isn't for the fainted-hearted unless you have an appetite for Korean style mayhem, like Sukanya Verma.
The girl's family has alleged that she was raped and murdered.
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