The entry of the deep-pocketed conglomerate is expected to heighten competition.
The Survey shows fiscal consolidation despite slowdown in growth.
RIL's Dhirubhai-34, or R-Cluster field, in the flagging KG-D6 block was to produce about 13 million standard cubic metres per day of gas, equivalent to present day output from D1&D3 as well as MA fields, by 2017-18.
India's Supreme Court in April rejected a patent for Novartis AG's cancer drug Glivec, saying it was an amended version of a known molecule called imatinib, setting the precedent for more such cases in the country.
Gambling debt, stock tip lead to $1 million settlement but no charges for golfer Phil Mickelson.
In separate statements, the two companies said they will combine Novartis' over-the-counter division with GSK's consumer business, creating a new world-leading consumer healthcare business with $10 billion in annual sales.
Reliance Industries would repair a third of the wells shut at its main gas field in the eastern offshore KG-D6 block to boost output in the first quarter of 2014.
RIL may go to arbitration which may lead to further delay in production and extra cost associated with the arbitration.
The sources said the matter should have been referred to the Cabinet Committee on Economic Affairs as foreign investments above Rs 600 crore (Rs 6 billion) can only be cleared by Cabinet Committee on Economic Affairs headed by the Prime Minister.
If it goes ahead, the combination would create the world's biggest exchange by revenue.
RIL has been selling gas from KG-D6 at the same price since it started production in April 2009.
RIL has more than half a dozen undeveloped discoveries.
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.
Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal'
Chidambaram was competent to give approval of upto Rs 600 crore but he gave the approval which was worth approximately Rs 3,500 crore
Lenders to Kingfisher Airlines, led by State Bank of India, had moved courts to get residual rights over these shares after Srei recovered the collateral from the defunct Kingfisher Airlines, making it difficult for Srei to sell the shares, said a legal source.
Swiss police in February searched HSBC offices in Geneva as part of its probe.
The Cabinet on Thursday decided to allow Reliance Industries to almost double the price of natural gas from April provided the firm gave a bank guarantee to cover its liability if gas-hoarding charges are proved.
US rate hike fear keeps Asian firms in check; India most upbeat.
The offer, open on April 10-26, was meant to acquire close to 38 million shares at Rs 1,440 a piece.
FMCG major Hindustan Unilever on Friday reported 23.43 per cent decline in net profit at Rs 1,019.25 crore (Rs 10.19 billion) for the first quarter ended June 30, 2013.
Sensex climbs higher at close, bluechip stocks in focus.
Investor lobbies and tax lawyers estimate the bill for international funds and banks could be as high as $8 billion
At present, in Myanmar, GAIL and IndianOil have a minority stake in a gas pipeline which goes to China, through South East Asia Gas Pipeline Company.
The UK has responded to PM Modi's call to 'Make in India' by launching great collaborations in January 2015.
Country accounts for 38% of telco's global user base, 10% of total revenue
Sanjeev Gupta, chief of Liberty House, is being dubbed UK's new 'man of steel' after he emerged as a potential saviour of 4,000 jobs
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
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The five discoveries -- D4, D7, D8, D16 and D23 - hold 0.805 trillion cubic feet of reserves, or about one-fourth of the restated reserves in the currently producing Dhirubhai-1 and 3 (D1&D3) fields in KG-D6 block, and are worth $10 billion.
The plane that crashed in Colombia virtually wiping out an entire Brazilian football team was running out of fuel, had no electrical power, and was preparing for an emergency landing, according to the pilot's final words. The disaster on Monday night killed 71 people and sent shock waves round the global football world. Only six on board the LAMIA Bolivia charter flight survived, including three of the Chapecoense football squad en route to the biggest game in their history: the Copa Sudamericana final.
Anglo-Dutch parent's stake in Indian subsidiary rises from 52.5% to 67.3%.
Sensex lacklustre, bluechips in focus.
Business opportunity after phased diesel deregulation the main trigger.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
The company will wait for sizeable user base for better valuation.
The Sensex ended below 28,000 for the second straight day at 27,869.
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
Greg Abel and Ajit Jain would be prime candidates
Energy conglomerate Reliance Industries and its partner BP plc on Friday said they have made a second deep-water gas condensate discovery in the Cauvery basin, off the east coast.
The Oil Ministry is seeking Cabinet nod to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.
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