RIL has been selling gas from KG-D6 at the same price since it started production in April 2009.
The Cabinet on Thursday decided to allow Reliance Industries to almost double the price of natural gas from April provided the firm gave a bank guarantee to cover its liability if gas-hoarding charges are proved.
A bench headed by Chief Justice P Sathasivam sought response from CBI on the petition filed by Civil society members including former Cabinet Secretary T S R Subramanian and ex-Naval chief Admiral L Ramdas seeking probe by the agency in the alleged 'collusion between RIL and the political establishment'.
The arbitration clause is present in almost 95 per cent of corporate agreements, according to tax and audit firm Ernst & Young.
French police have identified the first of seven gunmen who killed at least 129 people in a wave of carnage claimed by the Islamic State group.
The Mukesh Ambani-led Reliance Industries Ltd (RIL) might take a write-down on the KG-D6 block.
An insatiable Lionel Messi scored for the eighth game in a row in all competitions as La Liga champions Barcelona saw off a gutsy Girona side 2-0 to go five points clear at the top of the standings.
News of all that's transpired on and off the football field
The result of the opinion polls would allow the government to move ahead quickly to reach a deal with creditors
The company will wait for sizeable user base for better valuation.
Their reopening followed Prime Minister Alexis Tsipras' reluctant acceptance of a tough package of bailout demands from European partners
A second vote will be held on Wednesday, on measures including justice and banking reforms, when a similar outcome is expected.
Cabinet may tweak Rangarajan formula; new price may be further delayed.
If the EC decides to put on hold a gas price revision for RIL, it would set a precedent for pricing decisions of the government and policy decisions taken but undergoing procedural delays.
Mesut Ozil helped Arsenal shake off the hangover of a midweek pounding in Germany with a starring role in a 3-0 win at Aston Villa while sloppy Liverpool lost 3-1 at West Ham United in the Premier League on Saturday.
The Oil Ministry is seeking Cabinet nod to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.
West Indies registered a controversial two-run victory against Zimbabwe to enter the quarter-finals of the ICC Under-19 World Cup in Chittagong, on Tuesday.
Ugly -- a constantly riveting, ticking timebomb of a film -- is by far Kashyap's finest film, says Raja Sen
Syriza lawmakers walked the corridors telling reporters the government might not survive the night.
IMF report says billions more cash and debt relief needed
Reason behind for the change in his stance: gas price increase.
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.
France's hopes of reaching the World Cup finals are hanging by a thread after a 2-0 first-leg defeat away to Ukraine in their playoff on Friday while Cristiano Ronaldo's late winner gave Portugal the edge against Sweden.
Detective Byomkesh Bakshy! stumbles considerably because of its simplistic plotting, says Raja Sen.
Stressful work schedules and limited growth opportunities are taking a toll on a large number of senior professionals in airlines.
Scholarships, sports and spirit define Phee Teik Yeoh, the new CEO of Vistara in India
Lionel Messi's penalty earned Argentina a 2-1 win over Croatia after a fortunate equaliser that stood despite an unintentional handball by Sergio Aguero in a friendly at West Ham United's Upton Park ground on Wednesday.
Thirty one outstanding teachers were invited to Rashtrapati Bhavan for a first-ever in-residence programme.
One of the urgent tasks ahead for the new government should be to improve public trust in the executive.
Indian shuttler Ajay Jayaram overcame Rajiv Ouseph of England to enter the men's singles final of the $50,000 Yonex Dutch Open Grand Prix, in Almere, The Netherlands.
Schuerrle hits treble for the world champs; Lewandowski helps Poland thrash Georgia
Belgium make Wales wait after Hazard's strike, while Czechs beat Latvia to qualify
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.
By refusing permission for the proposed ship-breaking facility, India can send a categorical message to the foreign ship owning countries that they should keep their own waste and recycle
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