ONGC
strikes oil
New
Delhi: Oil and Natural Gas Corporation has discovered a new
oil and gas bearing structure in Western Offshore, about 6-km east
of Bassein (Vasai) gas field.
The new discovery is estimated to have reserves of over 65 million
tonnes of oil and oil equivalent gas.
The new gas finds are estimated to have seven billion cubic metres
of gas reserves.
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Flex
chief moves HC for bail
New Delhi:
Flex Industries chairman Ashok Chaturvedi, who was arrested by CBI
along with suspended Delhi area chief commissioner of Central
Excise Someshwar Mishra for offering the latter a bribe of Rs 10
lakh, has moved the Delhi High Court for bail.
Justice S K Agarwal issued notice to CBI directing the agency to
file its reply to Chaturvedi's bail application by December 19.
Chaturvedi, from whose possession CBI has claimed to have
recovered bills of several hotels he had allegedly paid for
various politicians and bureaucrats, sought bail on the ground
that investigation against him is over.
He was arrested by CBI on November seven after he allegedly paid
Rs 10 lakh bribe to Mishra at his office and has been in judical
custody for about a fortnight.
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RITES
bags $500,000 African contract
New Delhi:
The Indian Railway subsidiary, RITES, has bagged a $500,000
contract for managing and assisting railways in Central-Eastern
African country of Malawi.
RITES would appoint a chief executive officer and a chief
financial officer who, in turn, would appoint other officers to
run the Malawi Railways.
RITES is also undertaking a two-month study on traffic,
investment, financial and economic viability of reconstruction of
the Mozambique Railways that would fetch over $100,000.
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CIIs
social summit begins
Pune:
The Confederation of Indian Industries (CII) is holding its fourth
social summit beginning Sunday till 12 December in Pune. The theme
of the summit is Convergence on Social Issues: Promoting
Responsible Corporate Citizenship. The summit will particularly
focus on womens empowerment and rural development in addition
to the usual thrust areas like health, population and literacy.
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