Fourteen photos from events that defined the world in the week gone by.
Reliance Industries has seen crude oil production falling by more than 31 per cent from its MA oil field in the predominantly gas-rich KG-D6 block off the east coast.
India is building its oil reserves in underground rock caverns and tanks
'New Delhi showed itself willing -- at least for a period -- to tolerate the risk of conflict and to withstand Beijing's implicit and explicit threats.' 'But it also continued to try to cut some kind of deal with China to reduce tensions.'
With over 550 islands dotting the strategically located spot in the Bay of Bengal with near 500 of them still uninhabited, the Andaman and Nicobar Islands provide the Indian armed forces the ideal landscape to train its troops on amphibious warfare, which entails landing on the beaches of the enemy territory and taking the gun fight right into the mainland.
The survey by PricewaterhouseCoopers and Duke University's Offshoring Research Network stated that the outsourcing industry is transforming due to the emergence of new providers around the world and efforts of existing outsourcers to expand into new markets.
After being market leaders for a long time, outsourcing firms in India and North America are now faced with increasing competition from new entrants amid rising demand for services globally, a survey says.
A leave vote means the future of Britain's financial services industry is now hanging in the balance.
The development plan under preparation is for earlier find in KG-8 well in June 2005. GPSC believes it will take two years from the date all approvals are in place, including the one for development plan, which details investments and volumes to be produced, for starting production from the block KG-OSN-2001/3 off the Andhra coast.
We mourn the passing of Admiral J G Nadkarni, who passed into the ages on Monday. The admiral -- one of the finest officers to head the Indian Navy and a most remarkable human being -- was one of Rediff.com's earliest columnists. His assessment of why India won the 1971 War is a classic and we republish the column today to celebrate his brilliant mind and salute an office and gentleman, the likes of who we will not see again.
A downgraded Hurricane Gustav packed with strong winds and heavy rains lashed the Gulf coast on Monday but spared New Orleans, the city which was devastated three years ago by Hurricane Katrina.Fearing a repeat of the 2005 Hurricane Katrina disaster, more than two million people fled their homes from coastal Mississippi, Albama and South-eastern Texas ahead of the storm, which was at one stage forecast to attain highest Category 5 before making the landfall.
The company is in advanced talks with Hindustan Petroleum Corp, Chennai Refinery and Kochi Refineries for sale of 34,000 barrels per day of oil it will start producing from the gas-rich KG-D6 block on Krishna Godavari basin from September. The company is investing $2.234 billion in developing the MA-1 and MA-2 oil fields in the predominantly gas-rich block.
The fuel from the KG basin will prune Rs 114,000 crore (Rs 1,140 billion) from the country's import bill. The price of $4.2 per million British thermal unit (mBtu) approved by the government for selling gas implies potential savings of about Rs 85,000 crore (Rs 850 billion) for consumers, said Ambani. Ambani's statement on gas pricing comes even as the government is considering a revision of the floor price of $4.2 mBtu that was approved in September 2007.
"With the US recording two successive quarters of weak growth, we anticipate Asia will soon begin to feel the pinch of slower demand across the Pacific," said Daniel Melser, senior economist in Moody's Economy.com, a unit of Moody's Corporation. If history is a guide, then expect export numbers around the region to begin sliding in the second and third quarters of 2008, Moody's Economy.com said in its latest report.
The emerging markets strategic business unit of the country's largest IT services provider Tata Consultancy Services aims to touch the revenues of $2 billion by 2011-2012. The SBU targets regions such as Eastern Europe, West Asia, South Africa and Latin America. The company is also planning to have strategic development centres that will cater to these regions, beginning with Egypt & Russia. Emerging Markets offer great opportunity for TCS as IT sector there is growing at 8%.
Ashok Soota has cited 4 challenges that India Inc is facing. He stressed on a robust risk management strategy for Indian companies. He also stated responding to changes in market environment, resolving legal and regulatory differences and encouraging leadership and accepting cultural diversity as other challenges. Highlighting the challenges faced by the India Inc, experts said globalisation is essential to pursue growth opportunities and leverage comparative advantage.
At its peak five years ago, it was a lifeline for 5.5 crore, or one in every three rural homes
Shell's major projects in the region include the deep-water Gumusut field in Malaysia and the Shell Eastern Petrochemicals project in Singapore.
Reliance in the first phase is developing Dhirubhai-1 and 3, the first two of the 15 discoveries in the 7,645-square- kilometre KG-D6 block. Initial output is likely to be 40 million standard cubic meters per day (mmscmd), which will rise to 60 mmscmd in 2009-10.
'Modi remains the most popular politician in India; the BJP's organisational and fundraising prowess is considerable; and the Opposition, while newly collaborative, has no leader or clear economic messaging as of yet.'
The report reasons that some of the main manufacturing locations in China are becoming too expensive relative to other countries in the region, including India.
The fighting started after Naval personnel intercepted a group of Sea Tiger boats moving toward the Pulmodai area on the northeast coast.
This is the first time that the Indian Navy is conducting a major joint exercise with foreign navies along the country's eastern coast.
With his appointment, the government chose to uphold the principle of seniority and waived the tradition of only making fighter pilots the head of the world's fourth largest air force.
Global IT giant, Wipro Technologies, will open a third delivery centre in China to cater to the growing needs of its multinational clients.
A cruise ship carrying over 450 people, mostly elderly, capsized because of a cyclone in the murky waters of Asia's longest Yangtze River in China's Hubei province as rescuers on Monday raced against time to find survivors with hundreds missing and at least five dead.
The delegation also met Karnataka Chief Minister N Dharam Singh and said that there was good scope for bilateral co-operation with Karnataka in the IT sector and other regions.
Among the possible routes that the terror chief can take is the long way round through Pakistani and Iranian Baluchistan borders and across the border into Iraq, it said.
India on Monday invited South Korean oil companies to invest in the country's upstream and refining sector and also work jointly to explore opportunities in other countries.
"We are looking at setting up a near shore delivery centre in either in Europe or the US or both. We would also set up a centre in China to service global orders," Progeon managing director and CEO Akshaya Bhargava said.
'Notwithstanding the realisation among the Indian leadership to build up its navy for the force's expanding role, the Indian Navy was allocated only 15% of the interim defence budget presented in Parliament in February 2019.' 'The outlay for the navy's capital acquisition is not even adequate to meet its committed liabilities,' points out Brigadier S K Chatterji (retd).
President Pranab Mukherjee is deeply satisfied with his three-day visit to Mauritius, Saisuresh Sivaswamy reports.
Despite challenges from China, the Philippines and Eastern Europe, India still has an overwhelming advantage in IT offshoring, according to Wipro chairman Azim Premji.
This movie is way more than just girl on girl action.
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