While markets are upbeat over the government decision to nearly double the price of domestically produced natural gas, industry wants it to clearly lay the roadmap for free market pricing regime.
UK-based Diageo's acquisition of 53.4 per cent stake in Vijay Mallya-led United Spirits for Rs 11,166.5 crore ($2 billion) could be the biggest inbound M&A deal so far this year.
Villager are treating the project as a 'golden goose' and are demanding huge compensation for their land.
The same set of companies had reported 3.8 per cent annual net profit growth in the previous quarter and 7.5 per cent annual growth in the same quarter last financial year.
An Australian politician will table a signed petition in the Parliament this week which would ask the government to recognise the 1984 anti-Sikh riots in India as "genocide".
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
In the December quarter, Sensex earnings had contracted 5 per cent.
For India's upstream sector that has seen no new discovery coming into production.
First right of refusal may be limited to firms working under NELP, leaving out pre-NELP blocks run by big firms such as RIL and Cairn India.
Mayank Ashar, managing director and chief executive officer, Cair India, says the reform momentum should continue and the industry should do its part too.
CAG report commands respect and cannot be brushed aside but it cannot be the final word on an issue, the Supreme Court said today while noting that the auditor's findings cannot be gospel truth as it is subject to scrutiny by Parliament.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
The state is trying hard to improve ease of doing business by several notches.
Kapoor, who joined Vodafone a year back from Cairn India, resigned citing family commitments, Vodafone India said in a statement.
Reliance Industries on Friday hit out at Oil and Natural Gas Corp (ONGC) for suing it over KG gas dispute, saying some elements in the state-owned firm may be "misleading" the chairman D K Sarraf to hide their failure in developing the discoveries made over 13 years.
Markets ended lower with private banking majors and index heavyweights ITC and RIL leading the decline.
All this is happening at a time when aluminium prices in the world market are firming up.
Offloads stake in financial, auto and pharma sector companies.
Both P R Sreejesh and P T Rao did not have the best of outings in the inaugural Hockey India League and national hockey team captain Sardar Singh feels goalkeeping is an area of concern for the hosts ahead of the Hockey World League 2 to be held here from February 18-26.
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Mayank Ashar talks about India's business environment.
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
RIL sources said the company has not received any communication from the government to stop work in KG-D6 or any other blocks.
The Ministry in a draft Cabinet note proposed accepting in toto the Rangarajan Committee recommendation of pricing domestically produced natural gas at an average of international hub prices and cost of imported LNG instead of present mechanism of market discovery.
10 Indian companies are holding as much as Rs 2.34 lakh crore (Rs 2.34 trillion).
The newly formed Cabinet Committee on Investment will soon consider clearing 47 oil & gas blocks, including Reliance Industries' producing KG-D6 gas fields, where defence clearance has either been withdrawn or withheld.
Custom duties, a major concern for the oil sector.
RIL gets $4.2 per million British thermal unit for the gas produced from its KG-D6 fields in the Bay of Bengal.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
India-focused mining conglomerate Vedanta Resources reported 49 per cent growth in its core profits to $2.562 billion for the half year ended September 30, 2012, buoyed by earnings from subsidiary Cairn India.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
A deepwater well in a Krishna Godavari basin block operated by state-run Oil and Natural Gas Corp (ONGC) has been leaking gas for two months and there are now fears of environment damage due to the uncontrolled flow.
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
Eric Pickles, Former Prime Minister of Sweden and Co-Chair of the World Commission on Forests and Sustainable Development, presented the award at the third 'Global Conference on Sustainability' in London on Thursday night.
The government may take a hit of about Rs 40,000 crore if it accepts the recommendations of the Parthasarathi Shome panel to tax indirect transfer of Indian assets prospectively, as against the provisions of the Finance Act, 2012, to tax all such deals retrospectively.
Jacques Kallis became the fourth South African to score a hundred in his last Test, emulating Pieter van der Bijl, Lee Irvine and Barry Richards.
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.
Belgian Kim Clijsters crowned her remarkable comeback by beating 19-year-old Caroline Wozniacki of Denmark 7-5, 6-3 to win the US Open women's title on Sunday.
Law minister clears Sebi's regulation on put and call options.
The way the government treated miner Vedanta Resources' proposal to buy majority of UK's Cairn Energy in Cairn India and RIL selling 30 per cent of its stake in 23 properties, including the prolific KG-D6 gas block to BP, goes to the heart of the mistrust between India Inc and United Progressive Alliance-2 in 2011.
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