It is rare for Cabinet ministers to tick off state-owned companies publicly, yet that was what then petroleum and natural gas minister Dharmendra Pradhan did for ONGC. Speaking at an event on June 29, Pradhan said he has asked India's premier exploration company to find fresh oil acreages fast. "Do it yourself through some joint venture (or) through a new business model. But the government cannot permit you to hold resources for an indefinite time." The reason for this stricture is India's rising dependence on imported oil and gas. Or, to put it another way, falling domestic production (see chart: "Crude truth"), especially from ONGC, which faces a simple problem.
There is no word yet on the progress of rescue operations for the accommodation barge SS-3 and the Sagar Bhushan oil rig.
The party went on to say that the "the way the Aarey issue is being oppressed, it is nothing but dictatorship".
Looking dazzling in the colour of love!
A bench headed by Justice D Y Chandrachud on Friday gave reasons for granting relief to the TV anchor and two others in the case.
The Board Of Control For Cricket In India on Saturday denied media reports that Deccan Chargers franchise has got a stay order against its termination from the Indian Premier League, saying that the matter would come up in the Mumbai High Court on Monday.
A high pressure, highly inflammable gas leak was on Saturday reported at a well state-owned ONGC was drilling at its prime Mumbai High oil and gas fields, off Mumbai coast.
The leakage in a pipeline carrying Mumbai High crude oil to Uran was reported around 8.45 am and production was immediately stopped, a senior company official said.
Sabarmati railway station is the venue for the ground-breaking ceremony, be chaired by Modi and Abe, of the Rs 98,000-crore Ahmedabad-Mumbai high-speed rail project.
On Monday, the Appellate Board upheld the compulsory licence granted to domestic firm Natco Pharma last year, against Bayer's patented anti-cancer drug Nexavar.
Downplaying accusations by critics over the Indian Premier League drought row, Board of Control for Cricket in India (BCCI) secretary Anurag Thakur, on Wednesday, said that the cricket body is being judged despite of the good work it is doing in the matter.
Every cog in the wheel must present its unique services at the moment of instructed haste, says Vikram Johri.
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday launched India's first bullet train project in Ahmedabad. Here's all you need to know about the project.
When the hearings resume January 3, you wonder how many things will change and how many things will remain forever the same, as the Sheena Bora trial moves ahead.
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.
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There is no doubt that the Modi government has showed greater urgency in unearthing unaccounted money stashed away by some Indians in tax havens and other countries, enjoying the advantages of the latter's banking secrecy laws.
Various airlines, including the defunct Kingfisher, owed Rs 3,030 crore (Rs 30.30 billion) to the Airports Authority of India (AAI) at the end of December last year.
The court ruled that the Indian Performing Right Society Limited(IPRS) is not entitled to claim or demand royalty or licence fees from FM Radio channels for the songs and music they broadcast.
With Sunday's result, in which the BJP managed one seat, the strength of Congress and its allies comprising the United Legislature Party rose to 21 in the 39-member House.\n\n
'Till date there have been 482 accidents on account of failure of this aircraft and 171 IAF pilots have lost their lives.'
Here's a first look at the best catwalk moments from Day One of India International Jewellery Week.
The Supreme Court on Monday refused to interfere with a Mumbai high court's order under which Times Now news channel has been asked to deposit Rs 20 crore in cash and to give a bank guarantee of Rs 80 crore, before its appeal against a trial court award of damages of Rs 100 crore to former apex court judge P B Sawant, could be heard.Justice Sawant had sued the news channel for displaying his photo wrongly during the telecast of a news bulletin on September 10, 2008.
Oil production from ONGC's Mumbai high field, whose output was hit by a major fire last month, is expected to reach the normal level of 265,000 barrels per day by April 2006, a senior company official said.
The Oil and Natural Gas Corp (ONGC), India's biggest oil producer, will restore in two weeks time about 70 per cent of the 100,000 barrels per day output lost due to the massive fire at platform in Mumbai offshore.
It is expected to take a similar stand at the Mumbai and Delhi high courts, where Welspun Maxsteel, Ispat Industries and Essar Steel have challenged the petroleum ministry's decision to divert KG-D6s supply from steel and petrochemicals to power and fertiliser.
The high speed bullet train is expected to cover 508 km between in about two hours.
Here's what your favourite celebrities are tweeting.
The Supreme Court cleared a multi-crore luxury housing project being constructed by Tata Housing Development Corporation Ltd in Goa and set aside a Mumbai high court order directing demolition of the complex as it was being built in green areas.
The King Air C90 12-seater aircraft had taken off from the Juhu airstrip on a test flight.
Suspended encounter specialist Daya Nayak Monday moved the Supreme Court against the Mumbai high court order declining him bail.
The high courts of Bombay and Madras are set to undergo a change in their names.
Sena claimed that a bullet train between Mumbai and Ahmedabad is unnecessary when the Indian Railways and the Mumbai local trains are already suffering.
Oil and Natural Gas Corporation (ONGC) on Monday said it has received 10,722 emission reduction certificates from the United Nations for a waste heat recovery project at its Mumbai High fields.
State-run Oil and Natural Gas Corp (ONGC) may seek management control of the giant Rajasthan oilfields in lieu of allowing UK's Cairn Energy to sell majority stake in its Indian arm that now operates the field, to a non-oil firm, Vedanta Resources for $8.48 billion.
Nagendar Parakh, the senior-most chief general manager of Sebi, filed a petition in the Mumbai High Court on May 3 challenging Sebi's decision of denying him a promotion as an executive director even while junior officers were being elevated.
Cairn India can produce up to 2,40,000 barrels per day from its prolific Rajasthan fields, equivalent to output from the nation's largest oilfield of Mumbai High, the company has informed the government.
"All drilling operations, helicopter sorties and construction and maintenance work has been suspended due to the cyclone warning," ONGC Chairman RS Sharma said.
The Mumbai-headquartered company now has an employee strength of 84,000 serving 540 clients across 46 countries. Its revenues are at $2:7 billion.
More noticeable than the hue of his shirt was his mast style in the witness box. He seemed to be reinventing the truth every few minutes. He yarned on and on, navigating his testimony further and further away from the facts, but he never lost his aplomb.
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