Oil & gas
Mukesh Ambani meets PM, gets copy of CAG report
24 Jun 2011
India hikes retail prices of diesel, kerosene and LPG
24 Jun 2011
LPG will cost Rs50 more per cylinder while the prices of diesel and kerosene will go up by Rs3 and Rs2 per litre, respectively.
EGOM meeting on fuel prices delayed
24 Jun 2011
Oil tumbles as IEA announces release of 60 million barrels of stock
23 Jun 2011
IEA plans to release 2 million barrels a day, over an initial 30 days, into the world market to fill the supply gap left by the disruption to Libya's output.
Cairn accuses ONGC of overstating gas reserves in KG-DWN-98/2 block
22 Jun 2011
Cairn India believes that the discovered oil and gas reserves were only marginal to non-commercial, due to their small size and high costs of development
ONGC to spend Rs34,488cr on developing K-G block
21 Jun 2011
State-owned Oil and Natural Gas Corp plans to invest $7.7 billion to develop a gas field in India's most prolific gas basin, that has provided some of India's biggest natural gas discoveries in recent years.
KD Gas: CAG a book-keeper, not a probe agency, Congress
18 Jun 2011
The CAG’s draft report, which severely criticises the petroleum ministry's role in approving Reliance Industries' "inflated" field costs in the K-G D6 block.
ONGC revises estimates of crude oil and gas reserves
17 Jun 2011
ONGC estimates its consolidated proven reserves of crude oil and natural gas, as of 1 April 2011, at 961.26 million metric tonnes oil equivalent.
Oil ministry preparing reply to CAG draft; CBI set for probe
14 Jun 2011
The draft CAG report questions several actions of the oil ministry and expresses reservations about RIL's proposed $8.5-billion development cost for KG-D 6 block
Government favoured RIL, others in gas exploration contract: CAG
13 Jun 2011
In its first-ever audit of oil companies, the CAG said the petroleum ministry overlooked contractual stipulations to allow Reliance Industries to overstate the cost of developing the Krishna Godavari basin-D6 gas fields
Eni to sell Trans-Austria Gas pipeline to Cassa Depositi e Prestiti for $675 million
11 Jun 2011
Italian gas and oil company Eni SpA's decision to sell an 89-per cent stake in the Trans-Austria Gas pipeline TAG, is aimed at settling an antitrust dispute with the European regulators
Oil surges as OPEC fails to agree on output hike
08 Jun 2011
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The Rise and Rise of HDFC Bank
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HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
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Market predator Hindenburg preys on Adani stock
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
