The State Bank of India is evaluating four banks abroad for acquisition to expand its foreign operations in a bid to become one of the top three banks in Asia by 2008 and among the top 20 globally over the next few years.
Security of supply of raw materials is thus an important issue, said Jairam Ramesh, minister of State of Commerce. India now imports close to $8 billion of rough diamonds.
Cameroon, Nigeria and South Africa have confirmed participation in the tournament, to be played in Hyderabad.
A qualifier between Algeria and Angola has been postponed because of fears over an outbreak of the Marburg virus.
The government has allowed ONGC Videsh, the foreign arm of state-owned Oil and Natural Gas Corp, to make investments of up to Rs 300 crore (Rs 3 billion) in oil and gas properties abroad without going to the Cabinet for approval.
Dr Rajiv Shah, Administrator, United States Agency for International Development, in his commencement address to the students of American University School of International Service emphasised the importance of development work and public service.
Russia has promised India four to five million tonnes of crude oil annually from its Far East Siberian oil fields if it fails to accommodate ONGC Videsh Ltd in Yuganskneftegaz, the core asset of Yukos that has been acquired by Russian state-owned Ros
The author of Riding the Indian Tiger says the inevitable end of U.S. dependence on oil will have far-reaching consequences for both consumer and producer nations
Public sector behemoth Oil and Natural Gas Corporation Ltd on Monday said it has acquired an offshore oil field in Western Australia.
The duo return to the squad for next month's World Cup qualifiers against Israel and the Faroe Islands.
India is likely to intensify diplomatic efforts with Angola to secure clearance for ONGC Videsh Ltd's acquisition of 50 per cent interest in an oil field in the oil-rich African country.
ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corp, is eyeing oil and gas properties in West Africa, CIS countries and Latin America with plan to invest one billion dollars a year in acquiring equity oil.
In the last two years, a clutch of home-grown fast-moving consumer goods (FMCG) companies sought growth by acquiring companies overseas.
India will invest $1 billion every year in acquiring oil and gas fields abroad in order to cut dependence on highly volatile international market for its crude oil requirement, Petroleum Secretary B K Chaturvedi said on Friday.
Fans are already contemplating their team's prospects after the draw for the opening round of the 32-team tournament.
Oil and Natural Gas Corporation has proposed to hike the equity base of its overseas investment arm ONGC Videsh Ltd to Rs 5000 crore (Rs 50 billion), to bring down the high debt-equity ratio.
FIFA's World Cup Organising Committee will decide on Tuesday the seedings for the 32 finalists involved in next year's tournament in Germany.
Federal Bank Ltd on Monday said it has decided to call off its proposed merger with Lord Krishna Bank Ltd.
Diwakar Prasad and Harpal Singh progressed into the semifinals of their respective boxing events.
"A great deal of progress has been made over the last 24 hours and especially today. I think that we will have a successful vote on the resolution," Secretary of State Colin Powell told reporters in Washington.
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corporation, is eyeing stake in oil fields in more than a dozen countries including Myanmar, Libya, Australia, Indonesia, Saudi Arabia, Kuwait, Venezuela, Iran, Qatar and Bangladesh.
Upbeat about the success of Focus Africa programme which led to a 36 per cent rise in exports to $24.52 billion in 2002-03, Commerce and Industry Minister Arun Jaitley on Monday sought more efforts to tap the region's potential.
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