The company's investments in telecom business reached 15-20% of capital employed.
The move is likely to force the government to take a faster decision.
The Cabinet Committee on Economic Affairs may this week decide to price all domestically produced natural gas as per a formula suggested by a panel headed by Prime Minister's economic advisor C Rangarajan.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
Decades of a state-owned monopoly selling coal at a fixed price has taken its toll on production.
Reliance Industries Ltd, along with its partner British Petroleum, plans to invest about Rs 800 crore (Rs 8 billion) to carry out exploratory drilling in an offshore block in the Bay of Bengal, off the Tamil Nadu coast.
Carnival group buys project in Chandigarh from L&T for Rs 1,785 cr.
Sensex remained volatile through the day.
In first half of year, firms raise more than banks on low US treasury rates.
.jpg)
While the Cabinet has approved doubling of gas price from April 1 next year, Oil Ministry is proposing that old rates of $4.2 per million British thermal unit apply to gas from D1/D3 and MA fields in eastern offshore KG-D6 block till it proved that RIL had proved less than targets only because of geological factors.
India has an unprecedented opportunity to develop solar industry because like China, it offers scale which is critical to reducing costs and to stimulate innovation, says Shyam Saran.
Strong refining and petrochemical margins seen boosting consolidated net by up to 6%
ONGC must tackle several issues first only then it can turnaround its fortunes.
"On the sensitive issue of the huge price rise demanded by natural gas exploring companies in the Krishna-Godavari basin, Modi tried to be evasive but indicated that if required the price may have to be increased," says the interviewer, Dilip Gohil.
CAG had in its previous reports slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over KG-D6 block.
The Directorate General of Hydrocarbons (DGH) had recommended to the ministry that RIL be asked to give up 86% of its KG-D6 gas block area
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
If an elected government had been sworn in, Jung's tenure and the government would have been more or less co-terminus and Jung would have been just the ceremonial head of Delhi. Now, he will run Delhi, pending another round of assembly elections, says Aditi Phadnis
Soft oil prices are expected to persist in 2015 and will be accompanied by significant real income shifts from oil-exporting to oil-importing countries.
Banks stocks continued to trade weak along with FMCG major ITC.
Beware, it's not just criminals who want your data!
Actor Abhishek Bachchan is keen to explore sports entrepreneurship more seriously after his stint as the owner of a team in the Pro Kabaddi League (PKL). He is in the process of setting up a separate company to handle his ventures in the business of sports, which should be in place by the time the second season of the PKL takes off in March 2015.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
Top ten billionaires in India.
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.
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 former McKinsey India head is presently on board of many big Indian conglomerates.
Mittal said that overall, he expected that by March 2018, the "dust will settle down" for the entire industry.
Women from promoter families who have become directors since January this year include Sarala Birla (Century Textiles, Century Enka), Nawaz Gautam Singhania (Raymond Group), Bina Modi (Godfrey Phillips), Saroj Bhartia (Jindal Drilling & Industries) and Deepshikha Khaitan (Cera Sanitaryware).
The 30-share Sensex ended higher by 30 points.
In Q3, E&P business accounted for just 1.5% of gross revenue
12,000: Number of people Flipkart plans to hire in FY15.
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
The Cabinet Committee of Economic Affairs has approved a hike in gas prices from April 2014.
If approved, gas price will rise to $6.775 per million British thermal unit from $4.2 currently.
Dispel all your myths about taking a course abroad.
Other income stood at about a quarter of PBIDT in the first 9 months of 2013-14
The known unknowns in Prime Minister Modi's Saudi visit assume great significance, says Ambassador M K Bhadrakumar.
Oil and Natural Gas Corporation had in 2007 farmed out 15 per cent stake in the KG-DWN-98/2 block, which sits next to Reliance Industries' KG-D6 block, to Brazil's state-controlled oil firm Petroleo Brasileiro SA or Petrobras.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances