Anti-climax: US business honchos give Obama, Modi's CEO meeting a miss
Jan 26, 2015 at 15:42 | Source:
This bit of newsis likely to take some of the sheen offthe much-hyped India visit of US president Barrack Obama.A report in The Economic Times has said that some of the big US CEOs are unlikely to be present at the US-India CEOs forum meeting that is...
Pakistan's Sharif pulls out of Davos amid fuel crisis
Jan 22, 2015 at 22:41 | Source:
Pakistan's Prime Minister Nawaz Sharif has pulled out of the World Economic Forum (WEF) meeting in Switzerland to tackle nationwide fuel shortages. Petrol stations in most major cities closed temporarily last week, and drivers elsewhere face hug...
Govt seeks merchant bankers for stake sale in IOC, Bhel, Nalco
Jan 22, 2015 at 20:51 | Source:
New Delhi: Government today sought merchant bankers to assist it in sale of its stake in three blue-chip firms -- IOC, Bhel and Nalco -- to help meet disinvestment target of Rs 43,425 crore set for this fiscal.The stake sale in these companies would ...
Why Obama's India Republic Day visit is significant
Jan 22, 2015 at 14:42 | Source:
The most significant aspect of the US President, Barack Obama's upcoming summit with the Indian Prime Minister, Narendra Modi, is that Mr Obama will be the chief guest at India's Republic Day celebrations. This is the first time that a US h...
India revives sell-off drive in race to hit deficit target
Jan 21, 2015 at 23:23 | Source:
NEW DELHI (Reuters) - India invited bids from bankers on Wednesday to manage the sale of a 10 percent stake in iron ore miner NMDC, trying to revive a $10 billion asset sale programme and narrow the country's fiscal deficit to a seven-year low.Barel...
Domestic crude oil production falls 1.4% in December
Jan 21, 2015 at 18:38 | Source:
New Delhi: India's crude oil production fell 1.4 percent in December as output from oilfields operated by private companies like Cairn India fell sharply. Crude oil production at 3.21 million tons in December 2014 was 1.4 percent lower than 3.25...
After IS threatens to kill Japanese hostages, PM Abe vows to 'save' them
Jan 21, 2015 at 07:40 | Source:
Cairo: The Islamic State group threatened to kill two Japanese hostages on Tuesday unless they receive $200 million in 72 hours, directly demanding the ransom from Japan's premier during his visit to the Middle East. Prime Minister Shinzo Abe vowed t...
ONGC signs agreement with IITs to develop indigenous technology
Jan 20, 2015 at 21:15 | Source:
New Delhi: India's largest oil producer ONGC has signed an agreement with seven IITs for developing indigenous technologies to enhance exploration and production of hydrocarbons and alternate energy sources.The industry-academia collaboration is aime...
Oil retailers to open 35,600 new outlets in next three years
Jan 20, 2015 at 19:22 | Source:
New Delhi: India, which already has the highest number of petrol pumps in the world, will get another 35,600 retail outlets in next 2-3 years as government embarks on a massive expansion plan to boost oil product availability.The country has 51,870 p...
From smart cities to nuclear deal: What to expect from Obama's India visit
Jan 20, 2015 at 11:45 | Source:
With US President Barack Obama scheduled to visit India on 25January, preparations for the high-profile visit are entering final stages. India-US ties are set to move to atransformative level, with talks on a range of issues, including defence, energ...
Mahanagar Gas looks to raise Rs 800 crore via IPO
Jan 19, 2015 at 16:23 | Source:
Mahanagar Gas Ltd, a natural gas distributor in India, is looking to raise around Rs 800 crore ($129.66 million) in a stock market listing in the first quarter of 2015, three sources involved in the process told Reuters.Mahanagar Gas, a joint venture...
Modi govt wants to decontrol urea: Won't work if done in homeopathic doses
Jan 19, 2015 at 11:24 | Source:
After diesel and cooking gas, the Narendra Modi government is reported to be drawing up a blueprint to decontrol urea, the most important fertiliser used in Indian farming, accounting for around 55 percent of the total consumption.While diesel was de...
GAIL gas pipeline catches fire in Delhi, no casualties reported
Jan 16, 2015 at 11:43 | Source:
New Delhi: A major fire broke out at GAIL's natural gas pipeline in South Delhi's Satyaniketan area after it was perforated by civic construction contractors but there were no casualties reported.The fire at the pipeline near Venkateshwara College in...