In the letter, the minister talks about going through proper process for fixing gas processâ€”a decision that has taken two-yearsâ€”based on the Rangarajan Committee proposals.
Ranbaxy Laboratories Ltd. announced that it has been conferred with the Innovation Excellence Platinum Award at the ASSOCHAM Innovation Awards 2013 in the Science & Technology category for its new anti-malaria drug, SynriamTM.
In a relief to Reliance Industries, Oil Minister M Veerappa Moily has indicated that he may not fully accept DGH's recommendation for taking away 86 percent of the company's KG-D6 gas block area.
BG Group said sale of its interest in GGCL was part of a broader rationalisation programme, aimed at refocusing the Group's portfolio on its core strengths of exploration and production and liquefied natural gas.
Science and Technology Minister Jaipal Reddy said a new technology developed by research body TERI for mass production of biofertiliser 'Mycorrhiza' can reduce the country's dependence on chemical soil nutrients and help increase crop productivity.
The cabinet agreed to sell a 10 percent stake in state-owned aircraft maker Hindustan Aeronautics Ltd (HAL), a senior minister said on Thursday.
Sulking Science and Technology Minister S Jaipal Reddy on Monday said anybody handling the ministry of petroleum and natural gas would be "totally frustrated". "I was the minister of petroleum and natural gas.
Political experts believe that Jaipal Reddy lost the coveted portfolio of the oil Ministry for being though on Reliance Industries.
Jaipal Reddy's removal as the Union petroleum minister in Sunday's reshuffle was due to his inability to take crucial decisions, feels Shekhar Gupta, editor-in-chief Shekhar, Indian Express.
CNBC-TV18's Nayantara Rai reports that TAPI Pipeline talks dominated Petrotech-2012 as the absence of OPEC and African crude-supplying nations at the meet was conspicuous.
The government plans to relax rules for oil and gas exploration licences in time for the next bidding round, in a move to attract global companies.
Power Ministry has sought priority status from the Oil Ministry for electricity generation plants and the fertiliser units at the time of allocation of gas from RIL's KG basin.
The rupee strengthened on Tuesday on hopes the government would kick-start long-awaited fiscal reforms by hiking fuel prices, but further gains were prevented by dollar demand from oil firms and a week full of key events.
Energy firms that have already invested more than USD 12 billion were told by India's oil minister on Thursday that the government would delay approvals for 52 exploration blocks, some of them awarded as far back as 1999.
Auto major Mahindra & Mahindra today said that any hike in excise duty on diesel-run vehicles would result in wrong allocation of resources and complicate the investment environment.
With the output halving at RIL's KG-D6 fields, gas-based power plants in Andhra Pradesh are bearing the brunt with most of them struggling to achieve even a 35-40% plant load factor due to falling gas supply. The state government has now sought the central government's intervention, reports CNBC-TV18's Appaji Reddem and Sandeep Srikanth.
The government says IOC, HPCL and BPCL will lose Rs 43,000 crore selling subsidised LPG cylinders and so the government is now looking to cap LPG cylinders per family at six.
The government says IOC, HPCL and BPCL will lose Rs 43,000 crore selling subsidised LPG cylinders and so the government is now looking to cap LPG cylinders per family at 6. But our parliamentarians and MPs should be the first to practice what they preach reports CNBC-TV18‘s Nayantara Rai.
Too much subsidised cooking gas (LPG) is being consumed by country's VVIPs, according to the transparency portal launched today by state-owned oil firms.
A sustained USD 10 per barrel increase in crude prices reduces growth in developing countries by 1.5% , oil minister, S Jaipal Reddy, said on Wednesday in Vienna, where crude producers of OPEC are meeting this week.
The government has not yet fixed a date for ministers to review diesel pricing, Oil Minister S. Jaipal Reddy said on Friday, suggesting no immediate increase is on the cards.
The politics over petrol prices continues as the government today stuck to its guns despite public protests including by key ally the DMK today. Taking a cue from Kerala and Uttarakhand, Delhi also cut vat on petrol, but ironically hiked vat on CNG.
The Finance Ministry is considering raising the excise duty on diesel cars. The suggestion was mooted long back by the Oil Ministry. This came after the inter ministerial group on inflation and diesel pricing options met on Monday.
The government has no immediate plans to raise the retail prices of diesel, kerosene and cooking gas, Oil Minister S. Jaipal Reddy said Monday.
The UPA government may face more flak over the next few days. Sources have told CNN-IBN that after petrol a diesel price hike is on the cards as well. In fact the government may hike prices as early as June.