Banks in talks with temple trusts to push gold scheme
The scheme calls for banks, refineries and hallmarking centres to work together.
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
Making sense of the international crude market is incredibly hard.
Indian Oil Corporation, the nation's largest refiner, has lost out in the race for acquiring French company Maurel & Prom's stake in oilfields in Congo.
Referring to first Prime Minister Jawaharlal Nehru as the one who built modern India, Mukherjee said that he had helped build an atmosphere of free debate and discussions and not conflict and confrontation.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
Iraq has invited Indian Oil Corporation, the country's largest oil refiner, to set up refineries in the war-torn country, and also participate in other downstream projects, a government statement said.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
Essar Communications mandates four international banks to arrange a fully-underwritten $3.59 billion term loan
The Fortune 500 company -- it recently improved its rank to 135 -- has identified forward integration into petrochemicals as its next big business opportunity.
India is the 4th largest oil consumer after the US, China and Japan.
Tatas have joined hands with state refiner Indian Oil and exploration firm Oil India Ltd to consider bidding for acquiring Caspian Energy Group LLP's (CEG) interest in an Azerbaijan oil field.Tata Petrodyne Ltd, a wholly-owned subsidiary of Tata Sons, has joined the IOC-OIL combine to make a bid to buy CEG's 51 per cent stake in the Shivran Oil Operating Company that runs the Kyurovdag oil field in Azerbaijan, industry sources said.
'Refusing to implement the CAA-NRC, as some states have done via resolutions in state assemblies, is a violation of the Constitution; an attempt to alter the fundamental structure of our democracy and a recipe for anarchy,' argues Vivek Gumaste.
The positive impact of the February 14 hike in petrol and diesal prices on oil marketing companies has been negated in just a fortnight with daily retail losses of these companies going back to over Rs 410 crore (Rs 4.1 billion) for the fortnight ended February 29. This is due to the steep rise in global crude prices in recent days. The retail prices were hiked by Rs 2 per litre for petrol and Re 1per litre for diesel.
The Reliance juggernaut is back in action with a $20-billion-plus investment plan.
India captain Virat Kohli stressed on the importance of all-rounder Hardik Pandya's presence in the ODI side in order to get the ideal bowling combination for the World Cup.
The company, which unveiled its compact multi-purpose vehicle Triber in India, is bringing the MPV only in petrol engine option as part of the strategy even as it prepares to introduce electric vehicles in the near future.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
The iconinc Zaveri Bazaar in south Mumbai does business of around Rs 3 trillion a year.
Domestic oil companies have been invited by countries like Yemen, Nigeria and Saudi Arabia to pick up stake in existing refineries and also set up greenfield units.
As part of its efforts to make Indian firms globally competitive, the government has allowed refiner Indian Oil Corporation and exploration firm Oil and Natural Gas Corporation to set up oil trading and risk management desk.\n\n\n\n
The government will take home Rs 4,022 crore (Rs 40.22 billion) by way of interim dividend bonanza declared by the state-owned oil companies in the last one week.
State-owned refiner Indian Oil Corp and its exploration partner Oil India Ltd plan to bid for two onshore oil and gas exploration blocks in Myanmar.
The new missile is capable of delivering nuclear and conventional warheads up to 350 km.
The sharp rise in oil prices is threatening to derail not only the long-term expansion plans of government oil marketing companies, which control over 95 per cent of the market, but also their day-to-day operations.
The Finance Ministry has sought comments from stakeholders.
The letter comes amid reports of dedicating the Teen Murti complex in the memory of all ex-PMs.
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
The petroleum ministry has projected a strong year for the oil marketing companies though the largest exploration company, Oil and Natural Gas Corporation, is projected to post a moderate gain in its bottomline.
The Indian economy is expected to have grown at 9.08 per cent in 2007-08, as against 9 per cent reported earlier, Finance Minister P Chidambaram told Parliament on Tuesday even as the UPA government won the trust vote in the Lok Sabha to remain in power.
Dr G Padma Vijay's latest book has recipes for all.
The bank has agreed to provide up to $1 billion to Tata Steel's special purpose vehicle, Tata Steel UK, to refinance $7.2 billion of bridge loans taken for the biggest buyout by an Indian company.
Indian Oil Corporation plans to invest about Rs 25,000 crore (Rs 250 billion) for setting up a new 15 million tonnes refinery and petrochemicals complex at Ennore in Tamil Nadu to maintain its position as India's largest refiner.
The 150cc bike segment in the country is witnessing commendable growth every passing day.
ICICI Bank on Sunday said there is also enough space for Chinese banks to play a complementing role in the India.
Though it's not the first time an Indian actor is working offshore, Dimple's gig in Tenet, has us thrilled.
While the government is working on final contours for a strategic divestment of its stake in loss-making Air India, the airline is ready with plans to fly to more overseas destinations.
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