Turkey recovers body of pilot from downed Russian jet| Reuters
Nov 29, 2015 at 20:45 | Source:
ANKARA/MOSCOW Turkey recovered the body of a Russian pilot from northern Syria and presented it to Russian diplomats on Sunday, five days after shooting down his warplane in an incident that wrecked relations between two of the main powers involved i...
Dubai to spend billions on clean energy push - government| Reuters
Nov 29, 2015 at 00:30 | Source:
DUBAI Dubai will spend billions of dollars on generating clean energy, the government said on Saturday, aiming to have solar panels installed on the roofs of all buildings by 2030.The fast-growing desert city state of 2.4 million, located in one of t...
Roadmap revealed: Here's how govt plans to reduce corporate tax to 25%
Nov 21, 2015 at 09:38 | Source:
Preparing the ground for gradual reduction of corporate tax to 25 percent from 30 percent, the Finance Ministry on Friday proposed a roadmap for ending various tax exemptions currently enjoyed by the industry.According to the proposal from the Centra...
Egypt, Russia sign deal to build a nuclear power plant| Reuters
Nov 19, 2015 at 23:46 | Source:
CAIRO Moscow and Cairo signed an agreement on Thursday for Russia to build a nuclear power plant in Egypt, with Russia extending a loan to Egypt to cover the cost of construction.A spokesman for Russia's state-owned nuclear firm Rosatom said the plan...
Govt proposes to free gas pricing, start revenue sharing for exploration
Nov 17, 2015 at 08:14 | Source:
New Delhi: With current rates considered too low to support exploration and production cost, the government today proposed to free natural gas pricing as well as to replace the controversial Production Sharing Contract (PSC) with simpler revenue-shar...
Simpler revenue-sharing model on anvil for future gas auctions, says govt
Nov 16, 2015 at 14:40 | Source:
New Delhi: With current rates considered too low to support exploration and production cost, the government today proposed to free natural gas pricing as well as replace the controversial Production Sharing Contract (PSC) with simpler revenue-sharing...
ONGC Q2 net profit dips 11% on sharp fall in global oil prices
Nov 06, 2015 at 19:18 | Source:
New Delhi: State-owned Oil and Natural Gas Corp. (ONGC) today reported a 11 percent drop in its September quarter net profit as slumping global crude prices hurt its revenues.Net profit in the July-September quarter at Rs 4,842.02 crore was 11 percen...
Petroleum ministry in hunt for younger bureaucrat for DGH
Nov 05, 2015 at 18:57 | Source:
New Delhi: Four months after giving chargeof oil and gas field regulator DGH to a senior bureaucrat, the petroleum ministry has begun a search for the full-timeupstream regulator, seeking a technocrat of no more than 56years old.The ministry issued a...
BP sees technology nearly doubling world energy resources by 2050| Reuters
Nov 03, 2015 at 00:15 | Source:
LONDON The world is no longer at risk of running out of oil or gas for decades ahead with existing technology capable of unlocking so much that global reserves would almost double by 2050 despite booming consumption, oil major BP (BP.L) said on Monda...
Core sector growth up 3.2% in Sept, fastest in four months
Nov 02, 2015 at 19:20 | Source:
New Delhi: Growth in eight core sectors rose to 4-month high of 3.2 percent in September because of sharp pick-up in fertiliser production and electricity generation.The eight core industries -- coal, crude oil, natural gas, refinery products, fertil...
Dow, S&P 500 end down slightly as Apple, energy weigh| Reuters
Oct 27, 2015 at 03:15 | Source:
The Dow and the S&P 500 edged lower on Monday as energy shares dropped with oil prices and Apple retreated a day before its quarterly results.Investors were cautious ahead of the Federal Reserve's two-day policy meeting, which begins on Tuesday. ...
Equity markets ease after four-week rally; Fed meeting eyed| Reuters
Oct 27, 2015 at 02:15 | Source:
NEW YORK Global equity markets slipped on Monday, pausing after a four-week rally ahead of policy announcements from central banks in the United States and Japan later in the week, while the dollar weakened in the wake of soft U.S. housing data. Stoc...
Dow, S&P 500 inch down with Apple, energy stocks| Reuters
Oct 27, 2015 at 01:45 | Source:
The Dow and the S&P 500 edged lower on Monday after recent gains as energy shares fell with oil prices and Apple retreated a day before its quarterly results.Apple (AAPL.O) was down 3.2 percent at $115.22, making it the biggest drag on the three ...
Japan, Uzbekistan sign deals worth more than $8.5 bln| Reuters
Oct 25, 2015 at 19:15 | Source:
TASHKENT Japan and Uzbekistan signed deals worth more than $8.5 billion on Sunday, including investment to explore new hydrocarbon reserves in the central Asian nation, Uzbek President Islam Karimov said after meeting visiting Japanese Prime Minister...