R S Sharma, former chairman, ONGC says the government‘s move is logical and practical, keeping in mind the fact that the case is was under arbitration and that retrospective recovery from consumers would've been a massive issue.
It is more important for the government to create an eco-system in the country wherein companies can come and invest and are given the freedom to concentrate more on exploration and production of gas rather than spend their energy on dealing with issue of arbitration or the bank guarantees feels Narendra Taneja, South Asia Bureau Chief, Upstream.
After the hike in gas prices, EPS estimates for Reliance, ONGC and Oil India will go up, but the main thing to be looked at is what kind of subsidy the government levies on these upstream companies, says Prayesh Jain, AVP- Research Analyst, IIFL.
Vinayak Chatterjee, chairman, Feedback Infrastructure expects the government to hike the prices of gas in the range of USD 6.5-8.5/ mmbtu.
Former oil secretary GC Chaturvedi, in a reaction to the CCI clearance to 25 oil blocks, told CNBC-TV18 that the decision will boost oil exploration in the country and lure FII interest back to India.
Vinayak Chatterjee, chairman, Feedback Infrastructure, says that P Chidambaram, Union finance minister, GoI, has highlighted the need to unclog stalled projects to boost the infrastructure environment and improve the investment sentiments.
Telecom Analyst, Kunal Bajaj believes Reliance Communication's deal with Reliance Jio Infocomm, Reliance Industries' 4G telecom arm will help accelerate the 4G rollout.
Rohit Chordia, Kotak Institutional Equities, says that given the data off take we have seen in the last two or three years, since 3G networks was rolled out, and the limited success that Bharti has seen with its 4G rollouts in a few cities, he feels it will be logical to assume that RIL will enter the voice market.
Footwear firm Pavers England last week became the first company to get the Foreign Investment Promotion Board's nod for 100% FDI in single-brand retail. Utsav Seth, MD & CEO, Pavers India explains to CNBC-TV18 about his plans for investment in the country.
Romal Shetty, national leader- telecom, KPMG and Amit Sachdeva, telecom-partner, E&Y explain to CNBC-TV18 that the response to 2G auction is muted and that it would be tough for the government to achieve its revenue target of Rs 40,000 core from the sale of spectrum.
There is an urgent need for reforms in the gas sector believe experts who say that natural gas pricing in India should be market driven and not determined by the government.
After serving the company for almost 24 years, the face of Shell in India, Vikram Singh Mehta will step down as chairman this October as he turns 60.
Narendra Taneja of Upstream believes that Reliance has in a very subtle way admitted the massive problems faced by the company with respect to output from the KG-D6 block. However, he thinks there is some positive news coming in with talks of some revenue from Shale Gas.
Although it might spell some good news for the airline industry, it is definitely adding pressure to the OMCs as the EGoM approved importing of ATF.
State-run Oil India Ltd (OIL) is looking to buy shale gas assets worth up to $200 million and is scouting for potential acquisitions globally, T.K Ananth Kumar, the company’s director(finance) told CNBC-TV18.
Hasmukh Shah, chairman of Gujarat Gas is worried about the stoppage of further oil and gas production due to delay in decision making by the government.
Amarnath Ananthanarayanan, managing direct and chief executive officer of Bharti AXA General Insurance speaking to CNBC-TV18's Siddharth Zarabi said the operations and managerial work of this joint venture would not be affected by this deal being called off.
Energy information provider Platts today came out with its top 250 global energy company rankings. Indian public sector coal major, Coal India took second rank in Platts' list.
Diminishing supply of gas and coal are putting pressure on power companies to cut back production. CNBC-TV18 catches up with the chief financial officer of GVK Power & Infrastructure, Isaac George, to get an insight to the situation and the way forward for his company.
In an interview to CNBC-TV18, Satish Chander, director general of Fertilizer Association of India (FAI) said, the gas supply stoppage by RIL is not in line with the court order.
In an interview to CNBC-TV18, RS Sharma, former chairman of ONGC discusses the Comptroller and Auditor General's (CAG) final audit report on Reliance Industries (RIL).
Narendra Taneja, South Asia bureau chief of Upstream and SP Tulsian of sptulsian.com discuss Comptroller and Auditor General's (CAG) final audit report on Reliance Industries.
As far as loan payment issues regarding State Electricity Boards (SEBs) are concerned, Khunteta said that most SEBs pay back on time, while there are payment delays from boards in north eastern states until they get money from the Central Government.
NC Jha, chairman of Coal India tells CNBC-TV18 that Bharat Coking has not yet received any notice from the Jharkhand pollution board. "Production continues and there is no diruption in providing coal to various sectors yet," he says.
NC Jha, chairman of Coal India is delighted to hear that our company has become the most valuable company in India. Speaking to CNBC-TV18's Latha Venkatesh and Gautam Broker, Jha said that the company aims to liquidate 25 million tonne coal going forward.