Oil and Natural Gas Corporation, which has seen two major mishaps in the last two years at its Bombay High oilfields, on Thursday came out with a contingency plan for effective disaster management.\n\n
Referring to the government's Make in India initiative, he said India has become a hub of mobile phone manufacturing, which has provided employment to 4-5 lakh youth in the last four years and has helped the country save Rs 3 lakh crore foreign exchange.
The 30-share Sensex provisionally ended up 112 points at 28,555 and the 50-share Nifty closed 24 points higher at 8,561 after hitting a record high of 8,626.95.
The beleaguered Dabhol power project has hit a fresh roadblock with Punj Lloyd and its British partner Whessoe, the contractors for completing the LNG terminal, threatening legal action against Ratnagiri Gas and Power Pvt Ltd for default on payments.
This is the third arrest made by the STF in the case.
On a day Union Home Minister Rajnath Singh was in the Kashmir Valley where life remained paralysed for the 47th consecutive day, a youth died in a clash with security forces while 18 security personnel, including three officers, were injured in a terrorist attack.
Business subsidies may attract tax
The Directorate General of Hydrocarbons last month recommended to the Oil Ministry that $792 million of the cost RIL has incurred in KG-D6 fields be disallowed for producing only an average of 26.07 million cubic meters per day of gas as against the target of 86.73 mmcmd in 2012-13.
Images from Day 4 of the 2021 US Open in New York on Thursday.
Three naval ships of China's Nanhai Fleet left a naval port in Sanya, Hainan Province on Wednesday, kicking off an annual combat drill in the South China Sea, East Indian Ocean and West Pacific, state-run Xinhua news agency reported.
Five out of the top 10 companies in Fortune 500 list of Indian companies are from the oil sector.
Oil and Natural Gas Corporation has received Rs 864 crore (Rs 8.64 billion) in final settlement of an insurance claim for the oil facility at Mumbai High that was gutted in a fire in July 2005.
The Union home ministry and the labour ministry have asked state governments to coordinate with the chief labour commissioner's (CLC's) office to give a comprehensive data of all the migrant workers by April 11.
The government had in May last year disallowed $1.005 billion expense of RIL on the flagging KG-D6 gas fields for not implementing the approved field development plan.
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.
Stating that open markets mean more opportunities, Modi said during the last six years the government has made many efforts to make the Indian economy more open and reform oriented.
Cairn's contractual term for exploring and producing oil from the Rajasthan Block RJ-ON-90/2 expires in 2020 and the area is to return to the block licensee, ONGC.
Clauses on land return, action against officials diluted
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
China will prioritise the development of a floating nuclear power platform in the coming five years.
After going through more than 78,000 photographs from over 4,700 photographers, the expert judges of the World Press Photo contest have announced the finalists of the 2019 competition. The panelists have selected 43 photographers from 23 countries to represent the best in photojournalism.
Rarely have we seen such intoxication over power, which ignores the cries of those dying, notes Jyoti Punwani.
11 states were assessed for access to clean water, energy and sanitation and use of iodised salt.
Subir Raha, chairman and managing director of Oil and Natural Gas Corporation, has not been given an extension by the government and he will have to hang his boots by this evening.
Having made Aadhaar mandatory for receiving subsidised cooking gas (LPG) in 19 districts, Oil Minister M Veerappa Moily on Wednesday said the unique identification card will no longer be a must for giving subsidises unless cleared by the Supreme Court.
While the Saudi drone strike has put the focus back on anti-drone measures, caution also stems from the fact that India has a number of large oil refining assets close to India-Pakistan border.
State-run gas firm GAIL (India) Ltd on Wednesday said it was talking to the Indian lenders of the Dabhol Power Company to takeover the 2,184 MW power plant and the adjoining LNG import facility in Maharashtra.
The chances of rescuing the miners trapped inside the mine after a fierce explosion ripped through facility are bleak.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Hinduja Group expanding in defence sector in big way: Gopi
Up to 95 per cent of units in the Noida-Greater Noida mega industrial zone are currently shut.
The struggling steelmaker said the sale includes several South Yorkshire-based assets, including electric arc steelworks and bar mill at Rotherham, steel-purifying facility in Stocksbridge and a mill in Brinsworth.
The company's net profit was Rs 5,972 crore in the same period of 2014-15 fiscal.
Prime Minister Narendra Modi is addressing the nation for the seventh time from the ramparts of the Red Fort on Independence Day on Saturday and it will be his second speech of the second term in office.
Six months into his new role, Vishal Wanchoo, president and chief executive officer, GE, South Asia, speaks to Jyoti Mukul about how its horizontal business lines of additives and digital are playing across its verticals.
Calling for availability of all necessary equipment for medical professionals, she said the onus lies on the government to ensure that the spread of infection and casualties are not caused owing to lack of infrastructure or preparedness.
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
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