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Govt to auction 55 oil, gas exploration blocks on Thursday

6h thehindubusinessline
New exploration policy allows companies to carve out blocks of their choice and bring 2.8 million sq. km. of unexplored area

Tata group hires EY to explore sale of oil and gas business

17h livemint
Mumbai: The Tata group has hired EY to explore the sale of Tata Petrodyne Ltd (TPL), its oil and gas exploration and production business, two people aware of the development said.

India's Modi Launches $6.8Bln Refinery In Desert State Of Rajasthan

2018-01-16 rigzone
BARMER, INDIA, Jan 16 (Reuters) - Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand.

PM Modi launches $6.8 billion refinery in Rajasthan

2018-01-16 in.reuters
BARMER, INDIA (Reuters) - Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand.

News Live: Supreme Court calls CBI, ED probe progress #39;slow#39; in coal scam case

2018-01-15 moneycontrol
The Supreme Court has stated that progress in the investigations by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) in coal scam cases has been "slow". (16-0)

News Live: One of the biggest diamonds in history has just been dug up

2018-01-15 moneycontrol
One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa, reports Bloomberg. Gem Diamonds found the 910-carat stone, about the size of two golf balls, at its Letseng mine in the country. It’s a D color Type IIa diamond, which means it has very few or no nitrogen atoms and is one of the most expensive stones. The diamond is the fifth-biggest ever found. (16-0)

News Live: LIC sells over 2% stake in Merck, stock surges over 19%

2018-01-15 moneycontrol
The Supreme Court has stated that progress in the investigations by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) in coal scam cases has been "slow". (16-0)

News Live: PE investments jump 55% YoY to all-time high of $24bn in 2017

2018-01-15 moneycontrol
Private equity firms invested $23.8 billion across 591 deals in 2017, making it the biggest year for PE investments in India. According to deal tracker Venture Intelligence, the investment value is 39% higher than the previous high of $17.1 billion (recorded in 2015) and 55% higher than $15.4 billion invested during 2016. In terms of number of deals in the year, 2017 saw 21% less activity as compared to 2016 (731 deals), indicating large number of big-ticket transactions. (16-0)

News Live: Four senior-most Supreme Court judges attend court, take up work

2018-01-15 moneycontrol
Four senior-most Supreme Court judges, who had held an unprecedented press conference and raised issue of assignment of cases, today attended court and took up routine work. (65-0)

News Live: 50 cos bought back shares worth Rs 55,236cr in 2017, up 98.06% YoY

2018-01-15 moneycontrol
Share buybacks in 2017 nearly doubled from the previous year to a record Rs 55,236 crore, reports Mint. In a year that saw benchmark equity indices rise 27-28%, 50 companies bought back shares worth Rs 55,236 crore, compared with 37 firms having bought back shares worth Rs 27,887.44 crore in the previous year, according to data from Prime Database. (65-0)

News Live: Wreckage suggests engine in ONGC chopper crash could have exploded, says report

2018-01-15 moneycontrol
Pawan Hans officials spoke of the possibility of the engine involved in the ONGC chopper crash having exploded, reports The Times of India. "Given the state of the wreckage and the remains of the passengers, there is a strong possibility that the engine might have developed a problem and exploded," an official said. (40-0)

News Live: Tax free Rs 20 lakh gratuity for employees a reality soon

2018-01-15 moneycontrol
Payment of Gratuity Amendment Bill 2017 is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for tax free Rs 20 lakh gratuity, reports PTI. At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity after leaving job or at time of superannuation. (12-0)

Cairn India to invest Rs 37,000 crore to ramp up production

2018-01-14 moneycontrol
Vedanta's oil and gas vertical Cairn India is planning to invest Rs 37,000 crore to ramp up crude production at its Barmer oil fields in Rajasthan.

Cairn India to invest Rs 37,000 cr to ramp up production

2018-01-14 thehindubusinessline
Vedanta’s oil and gas vertical Cairn India is planning to invest Rs 37,000 crore to ramp up crude production at its Barmer oil fields in Rajasthan.

Cairn India to invest Rs 370 bn to ramp up crude production in Rajasthan

2018-01-14 business-standard
Vedanta's oil and gas vertical Cairn India is planning to invest Rs 370 billion to ramp up crude production at its Barmer oil fields in Rajasthan. The investment will be made over the next few years, which will enhance the production of crude oil. Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Sunday inaugurated an Enhanced Oil Recovery (EOR) programme for Mangala-Bhagyam-Aishwarya (MBA) fields in Barmer.