United States Energy Secretary Ernest Moniz has cancelled his crucial trip to India this month in view of the strained relations between the two countries over the arrest of an Indian diplomat on alleged visa fraud charges.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
An empowered group of ministers headed by Defence Minister A K Antony is to consider an Oil Ministry proposal of abolishing the priority ranking according to which natural gas is first given to urea manufacturing fertiliser plants, then to LPG units, followed by power plants, city gas, steel and refineries.
Market breadth is positive with 942 advances and 196 declines.
The Trump regime has informed the Congress that it 'strongly supports' transfers of F-18 and F-16 fighter proposals put forth by Boeing and Lockheed Martin respectively.
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
Metal shares were the top gainers with Hindalco up over 5%.
In the past, the absence of commercially viable gas prices had not only discouraged high-risk new exploration activity but also hindered the development of some of the existing discoveries, such as the satellite fields in the Reliance Industries' eastern offshore KG-D6 block.
BC Tripathi, who helms India's largest natural gas marketer and transporter -- GAIL, discusses last-mile connectivity to homes with Jyoti Mukul and Shine Jacob.
Benchmark indices finished higher on hopes of economic reforms
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.
Oil and Natural Gas Corporation has deployed the best-in-class technologies in its Improved Oil Recovery and Enhanced Oil Recovery schemes on these fields.
Haaziq Kazi, disturbed by the damage we have done to marine life, has designed a solution to save the oceans.
The 30-share Sensex ended up 165 points at 29,044 and the 50-share Nifty gained 54 points to close at 8,834.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
Rumours of which tycoon is close to which minister will soon start floating, and those could affect prices in the short term.
Clauses on land return, action against officials diluted
Prime Minister Narendra Modi on Thursday said even though India's options have increased, Russia will remain the country's "most important" defence partner as Moscow offered to fully manufacture in this country one of its most advanced helicopters.
'Unsurprisingly, the joint statement issued after Modi's visit contains a paragraph on terrorism.' 'It is on the usual lines that India would have with, say, Croatia.' 'The surprising part is that it shies away from getting into specifics,' points out Ambassador M K Bhadrakumar.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
Piyush Goyal is leading a delegation to deliberate with Australia.
The group plans Rs 30,000-cr oil refinery with IOC; buys Lanco's Udupi power plant for Rs 6,000 cr
Reliance Industries will have to provide a bank guarantee of $135 million every quarter to get a higher price for natural gas from April 1 next year.
Low fuel prices to help oil marketing and refining sectors but upstream players will stay under pressure.
India's imports from Iran rose to 250,200 barrels per day
The known unknowns in Prime Minister Modi's Saudi visit assume great significance, says Ambassador M K Bhadrakumar.
Pakistan's demand for gas stands at 8 billion cubic feet while the current production is 4 billion cubic feet.
The reserves in Farzad-B are almost thrice the largest gas field in India.
The Sheikh Hasina-Narendra Modi summit put India-Bangladesh ties on a firmer pitch. Brigadier S K Chatterji (retd) takes stock.
Modi is likely to seek support of Switzerland and Mexico for India's membership of the 48-member Nuclear Suppliers Group as both these countries are key members of the elite group. The issue is likely to figure during Modi's meeting with Obama in Washington.
Cabinet may tweak Rangarajan formula; new price may be further delayed.
A fleet of eight JF-17 Thunder fighter jets -- jointly made by the two countries -- will escort the Chinese president once his plane enters the Pakistani airspace.
Budget proposals have set four goals to transform Indian Railways.
This is the lowest investment grade rating.
Auto and realty shares were among the top Sensex gainers.
While the government had in June approved a new formula for pricing of all domestically produced natural gas, the Cabinet yesterday allowed the same principles to also be applied to Reliance Industries' currently producing fields in KG-D6 block subject to certain conditions.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
Andhra Pradesh now comes third in ease of doing business.
Big ticket defence deals including purchase of missile systems, frigates and joint production of helicopters were sealed on Saturday.
If things work out, it will be a great leap forward in the Indian-Iranian economic ties in the new phase of Iran's reintegration with the world market following the lifting of sanctions, says Ambassador M K Bhadrakumar.
