Financial shares were among the top gainers with HDFC leading the gains.
The Cabinet on Thursday approved ONGC's proposal to acquire Cairn Energy's stake in two gas blocks for $135 million.
UK-based oil firm Cairn Energy plans to create a separate unit out of its Indian operations and sell at least 25 per cent shares of the new firm through an initial public offering.
On November 23, Cairn India, made conditional applications, which have come in for questioning following a Delhi high court ruling.
The top posts on social media from your favourite Bollywood celebrities.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
The Kiwi all-rounder will retire from Test cricket after the tour of England, but still hopes to play one-day cricket.
The Kiwi all rounder has been recalled to the one-day squad for the three-match series against Australia next month.
Cairn India has drawn strength from its Scottish parent, but also built new systems and processes to support its role in the country's oil sector.
The head of International Cricket Council's Anti-Corruption Unit has categorically rejected suggestions it struck a deal to protect New Zealand captain Brendon McCullum from punishment for not reporting an alleged match-fixing approach in 2008.
UK-based Cairn Energy raised its estimates of oil at its three key Rajasthan fields, and said total potential production was now over 1,50,000 barrels per day.
Prime Minister Narendra Modi has resigned as Gujarat Cricket Association president. GCA secretary Rajesh Patel said: 'Prime Minister Narendra Modi sent his resignation letter to us yesterday, which said that he is quitting the post of GCA president.'
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
British firm Cairn Energy has approached the Rajasthan government seeking permission for commercial production of up to six million tonnes of pit oil a year from its fields in Barmer district.
The board of Cairn India has on two occasions rejected oil ministry conditions that royalties paid by Oil and Natural Gas Corporation on its all important Rajasthan oilfields, be cost recoverable from oil sales saying this was against contractual provisions and not in the interest of the company and its shareholders.
Cairn Energy of UK on Monday said its oilfield in Rajasthan contains more than 2.5 billion barrels of oil reserves.
British firm Cairn Energy, which in 2004 discovered a huge oilfield in Rajasthan, will begin early oil production from the fields in a years' time from now.
The S&P BSE Sensex has gained 149 points to open at 25,802.
Cairn Energy has received an 18-month extension for further appraisal of the over 2,884 square km acreage of the Rajasthan block, which preliminary estimates suggested would yield between 35-70 million barrels of oil.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
UK-based Cairn Energy will invest $1.33 billion in its Rajasthan oilfields to produce 1,25,000 barrels per day from mid-2007, an official said on Friday.
The government has signed Bippas with 72 nations.
Cairn Energy of UK has said its Rajasthan oilfield can produce up to 150,000 barrels per day by 2007-end, 50 per cent more than the previously estimated 100,000 barrels per day.
The old guard is still involved in broad corporate decision-making, but quite a few new business heads have started making their mark at the group
The decline was led by index heavyweight Reliance Industries along with ITC and HDFC.
"I've still got a goal to play the next World Cup and if I play Test cricket I could ruin that," the Kiwi all-rounder said.
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
British energy firm Cairn Energy Plc on Tuesday said it has discovered gas in its Rajasthan block, where India's largest oil find in more than two decades was made last year.
The petroleum ministry has sought legal advice on payment of production tax by Cairn Energy of the UK on the crude oil it plans to produce from the Barmer district discovery in Rajasthan.
British energy firm Cairn Energy on Wednesday said its oil and gas operations in offshore Andhra Pradesh have not been affected by the Tsunami tidal waves caused by a massive earthquake.
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'Mining jobs get created in the most backward districts of India's poorest states,' says Anil Agarwal.
Rediff.com takes a look at some of the exhibits that grace the beaches of Sydney.
India has won an international arbitration against British firm Cairn Energy on cost deducted by the operators of Ravva oil and gas field, off the Andhra coast, before payment of government's share of profit petroleum.
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