Current operations on Cambay include completing the planning for the drilling programme and construction of the three well sites for the first phase of drilling, now likely to commence in late June.
Increase in surcharge will adversely impact fund managers planning to shift to India. As a matter of fact several fund professionals based in India could also relocate to other jurisdictions, resulting in a brain drain.
The Gujarat-based company informed the Bombay Stock Exchange that it would acquire a 40 per cent stake in the joint venture that would provide a wide array of products for onshore and offshore line pipe requirements. \n
The 50:50 joint venture of India's Oil and Natural Gas Corporation and China's Sinopec has acquired Columbian oil firm Omimex de Columbia for $850 million.
The company is in the process of doubling its production to 800 oil barrels a day from the current 400 barrels a day, from a part of the field called prospect-B.
A consortium of Gujarat State Petroleum Corp and Mumbai-based Essar Group has bid for an oil and gas exploration block in Syria.
The retail industry in the country is likely to spend about $1.5-2.5 billion over the next five years on outsourcing their IT operations, according to a study.
Chances are any such disruption will not occur on the major shipping lanes but on some edge of the ocean between India and China. Even if there is no actual disruption, the costs of averting one can be punitive. The setting for this is provided by the energy shortage both countries face, says Subhomoy Bhattacharjee.
While the new norms are part of the draft policy's guidelines to fight counterfeit and fake products on platforms, they might end up helping brands and e-commerce firms sign exclusive sale deals.
National Award winning director S P Jananathan talks about his new film, E.
The RBI cracked down on offshore foreign exchange trading by Indians through online trading websites.
The government plans to set up budget hotels at 100 identified tourists sites and improve onshore infrastructure for berthing of cruise ships as part of major exercise to improve tourism facilities in the country.
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The pipeline where the incident occurred was a dedicated line carrying gas to Lanco's 1,466 MW Kondapalli power plant.
The rupee dropped on renewed demand for the American currency.
State-owned Gas Authority of India Ltd has discovered oil and gas near Ahmedabad, in onshore block awarded under the exploration policy.
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Companies such as Indian Oil Corporation, Tata Steel Ltd and Tata Power Company Ltd will remain highly leveraged over the next 12 months because of weak industry dynamics and resulting constraints on cash flows, it said.
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.
ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.
India has agreed to increase cooperation in energy and transport with Myanmar, where India is keen to counter growing influence from China.\n\n
Indian Oil Corporation and its partner Oil India Ltd have won an oil block in Libya in the first ever joint foray in oil and gas exploration overseas.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
Oil and Natural Gas Corporation will award six small onshore oil fields this month to private companies for bringing them to production in the next two-three years
Malaysian oil firm Petronas has cleared the way for ONGC Videsh Ltd's acquisition of stake in two onshore oil blocks in Sudan by waiving off its first right to buyout Austrian firm OMV's stake.
The Indian Oil Corporation and Oil and Natural Gas Corporation's overseas arm ONGC Videsh Ltd will mount a joint bid for acquiring the South Ghawar gas field, one of the largest onshore fields in Saudi Arabia.
State-owned Oil and Natural Gas Corporation is likely to win at least half of the 20 oil and gas block bids which closed on Tuesday.
India's biggest petrochemicals maker Reliance Industries, whose shares hit a 15-month high earlier on Friday on a newspaper report it had struck gas at a new site, said it would make an announcement later.\n\n\n\n
Moody's said the negative outlook reflected uncertainty over the refinancing of Macrotech's (formerly Lodha Developers) upcoming debt maturities.
Gail (India) spurted for the second straight today after reports suggested that the gas distributor has struck oil and gas onshore Gujarat.
HSBC Holdings Plc will shut its private banking business in India, a spokesman said
'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.
Central bank steps up dollar purchases to check rupee gains
The government is in no mood to buy the privacy and security argument pitched by WhatsApp, whereas the American firm says traceability will undermine end-to-end encryption and the private nature of the app, creating potential for serious abuse.
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