Markets end in red; bluechips struggle to keep pace.
The company has not been able to sell its 9.8% stake in Cairn India
Reliance Industries has regained the top slot among Indian energy companies on the Platts global list
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
The government has formed a four-member panel of secretaries to suggest a new gas pricing mechanism.
The company contented before the tribunal that the amount was paid outside India.
The landmark bill to liberalise the insurance industry, which marks Prime Minister Narendra Modi's first stab at legislative reforms, will now go to a parliamentary committee, which will submit a report later this year.
To bring clarity, the department clearly defines terms such as promoter and competitor.
CBDT circular issued last month had raised multiple taxation concerns.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Beleaguered businessman Vijay Mallya had made at least four trips abroad before his controversial March 2 departure since a look-out notice was issued by CBI on October 16 last to know his movements.
The high court court on Thursday accepted Nokia's appeal to release its local factory after its seizure by authorities in a tax dispute, removing a hurdle for the sale of the company's mobile phone business to Microsoft.
The Election Commission asked the government to defer announcement of the new price till completion of the polls and so RIL was asked to continue selling the gas at old rates.
RIL and its partners BP plc of UK and Canada's Niko Resources plan to produce about 13 million standard cubic metres per day of gas for 13 years from D-34 discovery, known as R-Cluster, in the KG-DWN-98/3 or KG-D6 block by 2017-18.
The transaction will lead to an open offer for minority holders.
The move to sell the jewel in Vodafone's crown closes a heady expansionist chapter for one of Britain's most famous companies
Arora started off his career at Wipro.
With this, the total penalty on RIL for missing the target in four fiscal years beginning April 1, 2010 now stands at a cumulative $2.376 billion, the Minister informed the Lok Sabha on Tuesday.
The government had disallowed as much as $1.005 billion of its investment as KG-D6 output lagged targets.
RIL and its partners BP Plc of UK and Canada's Niko Resources had last month spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in the Krishna Godavari basin.
RIL and its partners BP plc of UK and Canada's Niko Resources have spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
Granted 6-month relief, subject to interim payments and guarantee, on Rs 3,700-cr demand for alleged transfer pricing in FY09.
Formula One faces its biggest shake-up in decades with the announcement on Wednesday that US cable TV mogul John Malone's Liberty Media has agreed to take control of the cash-generating glamour sport.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
The Cabinet Committee on Economic Affairs had first on June 27, 2013, and then on December 19, 2013, decided to price all domestically produced natural gas, including unconventional fuels such as coal-bed methane and shale gas, at an average of international hub rates and the cost of importing liquefied natural gas.
The move is likely to force the government to take a faster decision.
The progress of the GST Bill in Parliament is also likely to remain in focus
The government on Thursday decided to join the arbitration initiated by Reliance Industries and its partners over delay in revision of natural gas prices, and named former Supreme Court judge G S Singhvi as its arbitrator.
Chinese brokers had been looking to use some of the cash they raised this year to expand their global reach
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Some questions cited concerns that larger warnings can hurt tobacco farmers and boost illicit trade.
The company will invest $747 mn to increase production from D1, D3 and MA fields.
RIL and partner BP plc are carrying out remedial action to stop water ingress from choking wells even as the first production well on the block in more than four years ramped up output by over 15 per cent to 13.7 million standard cubic meters per day.
There's a car and bike to match every personality and every budget in 2018, say P Tharyan and Joshua David Luther
India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
UK-based retail major Tesco Plc on Tuesday filed the first application for setting up multi-brand retail outlets in India.
The company will move swiftly to consolidate its recent acquisition of three distilleries and will also take a decision on setting up a Rs 650-crore two-furnace glass plant in Andhra Pradesh, said sources.
Sales of diesel-powered utility vehicles have been declining in the past six months as the differential between petrol and diesel prices narrowed.
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