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Exclusive - Blackstone sets up new credit fund to seek undervalued oil and gas assets

Jan 28, 2015 at 01:48 | Source: FirstPost

NEW YORK (Reuters) - Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment op...

Anti-climax: US business honchos give Obama, Modi's CEO meeting a miss

Jan 26, 2015 at 15:42 | Source: FirstPost

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...

Anti-climax: Big US business honchos give a miss to Obama, Modi's CEO meeting

Jan 26, 2015 at 14:49 | Source: FirstPost

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: BBC

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: FirstPost

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: BBC

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: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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...

After Islamic State threatens to kill Japanese hostages, PM Shinzo Abe vows to 'save the men'

Jan 20, 2015 at 15:58 | Source: FirstPost

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...

Smart cities to investment treaties: What you should expect from Obama's India visit

Jan 20, 2015 at 14:30 | Source: FirstPost

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...

From smart cities to nuclear deal: What to expect from Obama's India visit

Jan 20, 2015 at 11:45 | Source: FirstPost

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...

From smart cities to drones: What to expect from Obama's India visit next week

Jan 20, 2015 at 10:25 | Source: FirstPost

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...

After diesel, Modi govt wants to decontrol urea, but it won't work if done in small doses

Jan 20, 2015 at 07:45 | Source: FirstPost

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...

Mahanagar Gas looks to raise Rs 800 crore via IPO

Jan 19, 2015 at 16:23 | Source: FirstPost

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...

After diesel, Modi govt wants to decontrol urea: Won't work if done in small doses

Jan 19, 2015 at 12:40 | Source: FirstPost

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...

Modi govt wants to decontrol urea: Won't work if done in homeopathic doses

Jan 19, 2015 at 11:24 | Source: FirstPost

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: FirstPost

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...

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