The Usha Thorat committee on the subject stops short of suggesting capital account convertibility.
Even at current price levels, Cairn India should be able to plough its way very well with a huge resource base with its operating cost for onshore field standing at USD 3.50/bbl, says P Elango, interim CEO of the company.
Sudhir Vasudeva, former chairman and managing director of ONGC says cost of gas production needs to be raised from USD 4.4 mmBtu soon. He believes gas pricing is the biggest issue faced by oil and gas companies now and an increase in prices is a must at this point.
In an exclusive conversation with CNBC-TV18's Aakansha Sethi, Karin Finkelston, VP - Asia Pacific, at IFC says the over-subscription of the rupee linked bond shows, that the investors have a lot of confidence in the Indian currency.
Wipro has hiked salary of offshore employees by an average 6-8 percent and of of onshore employee by 2-3 percent effective June 2013.
Operating margins for Infotech Enterprises slipped by 120 bps this quarter, says Krishna Bodanapu, Infotech Enterprises, the reason being a shift in the company‘s business from onshore to offshore.
The US government has launched two deals focused on the onshore model, reports CNBC-TV18's Kritika Saxena quoting sources.
India hopes to sign within three months contracts for 33 oil and gas exploration blocks under the ninth licensing round, the oil secretary told reporters on Monday.