ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation, has signed the production sharing contracts with Vietnam Oil and Gas Corporation (PetroVietnam) for two offshore blocks in Phu Khanh Basin.
Hospitality players want the government to accord infrastructure status to hotels to make investments on new properties more attractive rather than categorising them as luxury or even 'sin goods' in the upcoming Union Budget considering the sector's potential to play a key role in India's growth. They also want the government to consider incentives in the form of tax breaks or subsidies for adopting sustainable and eco-friendly practices, while asserting that the upcoming budget must accelerate the tourism agenda saying it is an opportunity to make Indian hospitality the emerging engine for GDP growth and employment generation.
But Indians work less than smaller countries with small populations like Bhutan, the Congo, Lesotho and Gambia.
Pradhan said a team of officials of state-run Indian Oil Corporation had visited Vietnam and explored some business ventures
President Pratibha Patil arrived in the Vietnamese capital, Ho-Chin-Minh City on Monday, as part of a ten-day visit to Vietnam and Indonesia to bilateral ties with these economically and strategically important neighbours in the ASEAN region.
Check out how India's athletes fared on Day 5, Wednesday, July 31, 2024:
As disputed South China Sea witnesses increased Chinese influence, Vietnamese Prime Minister Nguyen Tan Dung on Monday pitched for India's "active support" to peacefully resolve all disputes and sought its greater linkages across the region.
China and Vietnam have an acrimonious relationship due to their standoff over the South China Sea, a huge source of hydrocarbons.
The defeat put India out of the Asian women's football championship.
India SME Forum, an organisation for small and medium businesses, has called for creating a dedicated fund of Rs 5000 crore for the export capacity development, promotion, and marketing of Micro, Small & Medium Enterprises (MSMEs) in its Budget recommendation. The forum for MSMEs with over 98,000 members said that to enhance India's global competitiveness and increase its market share in global exports, it was "crucial to increase the number of active exporters and enable at least 3-4 lakh first-time micro, small, and medium exporters while supporting them in promoting Indian products globally."
But 'the threat of SARS import through international travel is great', the health ministry said in a statement.
Monday's timing will put India in the 21st place in the Road to Paris list of World Athletics while the aim was to be either in the 15th or 16th spot. India, thus, is in a difficult position to make the Paris cut.
China which rejected the verdict initiated by the Philippines petition has stepped up air and naval patrols to assert its controls over the region.
Vietnam-based electric vehicle maker VinFast, a rival of Tesla in the global market, has set foot in India and began work on building its Rs 16,000 crore EV manufacturing facility at Thoothukudi in Tamil Nadu. The company has already sought a reduction in import duties on its cars for about two years until customers get familiar with the brand and its unit in the state. The global major kicked off the construction of the first phase of its integrated EV hub, which may see Rs 4,000 crore of investment initially and will create more than 10,000 jobs.
A look at how India's athletes fared on Day 2, on Sunday, July 28, 2024:
The transaction was to be completed by June.
ONGC Videsh Limited, overseas investment arm of state-run Oil and Natural Gas Corporation, wants to buy BP's 35 per cent stake in the $1.3 billion Nam Con Son gas project in Vietnam.
Foreign investors are losing faith in Vietnam, which was sought-after destination just three-four years back. Due to slow reforms and rising corruption the growth in foreign investments has turned negative.
The Indian trio of Jyothi Surekha Vennam, Parneet Kaur and Aditi Swami ousted World No. 4 USA 233-229 in the semi-final.
China, which is the second highest spender on defence after the United States, has allocated 1.67 trillion yuan (about USD 232 billion) for defence spending.
The young beauty readies herself for the upcoming Miss World contest.
Vice President Hamid Ansari on Monday arrived in the Vietnamese capital Hanoi on a four-day visit to "honour traditional friendship".
S&P Global Ratings on Friday said it will watch the fiscal numbers for the next 1-2 years, besides pro-growth policies of the new government, before deciding on India's sovereign rating upgrade. S&P, which earlier this week upgraded India's outlook to positive while retaining the sovereign rating at BBB-, expects the new government to continue with pro-growth policies, infrastructure investment and commitment to fiscal consolidation.
Harika lost 1-0 to China's Hou Yifan
With the Ram Mandir scheduled to open its doors to visitors in January, Ayodhya is expected to welcome travelers both from India and abroad.
Keen on expanding oil and gas explorations in Vietnam's East Sea, energy-hungry India today said it will be a "win-win" situation for both the economies.
After China removed India from the list of its oilmeal importing countries from January 1, Vietnam has laid down impossible phytosanitary regulations for Indian exporters, thereby threatening one of the largest agri-commodities export markets in India. Vietnam may suspend the import of agri-commodities from India.
Tania Sachdev recaptured her rhythm as the Indian team bounced back into contention after beating Vietnam 3-1 in the sixth round of World Women's Team Chess Championship in Ningbo, China, on Monday.
Formula One plans to start its coronavirus-ravaged season in May after cancelling this weekend's opener in Australia on Friday and postponing the next three races in Bahrain, Vietnam and China. Confusingly, while Formula One said in a statement it expected to begin the championship in Europe at the end of May, the governing FIA's statement referred to May 1. Both may prove optimistic as the virus spreads across the continent.
Vietnam has overtaken India as the most attractive emerging market destination for investment in the retail sector, according to consultancy company AT Kearney's seventh annual Global Retail Development Index (GRDI).
After causing unimaginable devastation in Philippines, Typhoon Haiyan, one of the worst storms recorded in history, has made a landfall in Vietnam.
Top seed Dionysius Hayom Rumbaka of Indonesia ended the impressive run of Indian shuttler HS Prannoy in the Vietnam Open Grand Prix final in Ho Chi Minh City.
Former Asian queen Tania Sachdev continued with her dream run as Indian eves roared back to medal contention with an easy 2.5-1.5 triumph over Vietnam in the eighth round of the Women's chess Olympiad in Istanbul.
India continues to occupy the second spot with 9 match points (2 match points for a win and 1 for a draw) behind Iran (10 MPs).
Modi said both sides expressed commitment for an open, efficient and rules-based regional architecture and to expand bilateral maritime cooperation further.
Building up on strategic partnership forged in July, India has agreed to transfer 5,000 naval spares to Vietnam to make its several ageing ships operational. The announcement was made by Defence Minister A K Antony in Hanoi on Monday during his meeting with his Vietnamese counterpart General Phung Quang Thanh. Antony is on a three-day visit to Vietnam.
Surat police commissioner Anupam Singh Gehlot identified the arrested accused as Maulvi Sohel Abubakr Timol (27), who worked at a thread factory as a manager and offered private tuition on Islam to Muslim children.
Defence, security, science and technology, trade and culture are some of the issues on the plate for the talks.
The government gave clearance to five global and five Indian players that have made a commitment to a production value of 12.5-trillion phones in five years under the Production Linked Incentive scheme.
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