'I don't think it is right to remove him over one lapse. The focus should be on restoring operations, not on removing a key management personnel.'
The officials said dozens of unexploded explosives were destroyed by the experts along the Line of Control in Rajouri and Poonch districts and along the International Border in Jammu and Samba which witnessed intense cross-border shelling and drone attacks from May 7 to May 10.
Excess earnings of unlisted companies over and above their interest costs are at a record level. The interest-coverage ratio of 2.94 is the highest going back to 1990-91, according to numbers from the Centre for Monitoring Indian Economy (CMIE). The ratio measures earnings relative to every rupee to be paid as interest on outstanding debt.
I-T has charged the MNC of under-pricing share transfer by Rs 15,220 crore.
The company is building floating LNG terminal in joint venture Reliance Power.
Mehta's exit and Hilton's entry would see the company making history in India, where women have remained out of the chairperson's slot in energy companies, private or state-run.
A woman was killed and five persons were injured on Sunday as Pakistani troops intensified shelling on border posts and civilian area in Poonch and Rajouri in continued ceasefire violations that have claimed six lives in two days, drawing strong protest from India.
Heavy mortar shelling and firing by Pakistani troops continued unabated along the International Border in Jammu and Kashmir on Wednesday killing two more people -- both women -- even as a "massive" reply was being given from the Indian side.
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
Transfer pricing tax orders of Income Tax against Shell and Vodafone pertain to alleged undervaluation of shares issued by their domestic subsidiaries to the parent companies abroad.
It is all about a C and C model -- of choices and consequences -- for women. Women make choices about their lives and for each of them there will be consequences, Shell India Lubricants MD Mansi Madan Tripathy tells Jyoti Mukul.
Shell India, the domestic arm of Royal Dutch Shell Plc, had offered for sale 20 of its 80 operational retail outlets and around 20 sites acquired earlier for setting up such outlets.
The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector.
Business opportunity after phased diesel deregulation the main trigger.
Their first target would be bulk buyers.
The private companies want a level playing field so that they can compete with the government companies in fuel retailing.
Vodafone too has undervaluing its shares by Rs 1,308.91 crore.
Some companies are charged with undervaluing their assets.
Shell India on Tuesday described as "absurd" the demand for $1 billion in taxes on a $160 million equity infusion done by the Anglo-Dutch oil major four years ago, saying it tantamounted to tax on FDI.
The companies are in talks with Shell, Petronet LNG to book capacity
Shell had last imported LNG cargo at its Hazira Terminal in Gujarat on Oct 13, 2008 from Trinidad and Tobago at $20.5 per mmbtu. On the $9.06 per mmBtu import price, a five per cent custom duty will be levied, taking the landed cost to $9.4 per mmBtu.
The case pertains to alleged financial irregularities in supply of high-altitude tents worth Rs 22 crore to intelligence agency Research and Analysis Wing during 2009-13.
Shell India is the second private sector petroleum company to review its expansion plans in India. The company has decided not to open any more petroleum outlets. The company has also asked some of its employees to start looking for another job. Shell has 50 petrol pumps across the country and has a licence to open 2,000 pumps.
Reliance has shut all of its 1,432 petrol pumps in the country after sales dropped to almost nil as it could not match the subsidised price offered by public sector competition. Public sector currently sells petrol at a loss of Rs 13.97 a litre and diesel at a discount of Rs 20.97 per litre. This revenue loss is made up by the Government through issue of oil bonds. Private firms were not entitled for the subsidy and priced fuel from their pumps at Rs 8-10 a litre higher.
Executives from private companies such as Shell and Blackstone are likely to be invited for interviews for the post of chairman and managing director of state-run Oil and Natural Gas Corporation.
The Ruias-managed Essar Oil is fast catching up with Reliance Industries in the number of petrol pumps set up by private sector retailers.
Petroleum products company Shell India Marketing Pvt Ltd (Shell Marketing) said on Thursday that it would follow the "company-owned retailer-operated" model to set up a network of petrol pumps across the country.
Shell Bitumen India Private, a subsidiary of Shell group of companies, has entered into a pact with Oil and Natural Gas Corporation for manufacturing bituminous products and marketing.
Oil and Natural Gas Corporation, India's largest profit making firm, on Thursday signed a memorandum of understanding with Royal Dutch Shell
This is the project to turn municipal and agri-waste into fuel sources like diesel, jet fuel, naptha and petroleum. It is called IH2.
State-run Hindustan Petroleum Corporation Ltd on Wednesday said it was in advanced stages of talks with Shell India for picking up stake in its Hazira LNG terminal in Gujarat and a deal was possible this fiscal.
Royal Dutch/Shell will receive the first cargo of liquefied natural gas at its Hazira terminal in Gujarat this month.
Royal Dutch/Shell on Thursday said it may set up a petroleum refinery in India, a country to which it attaches highest priority.
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