Corporate Affairs Minister Murli Deora has been left out of the ministerial panel that will vet London-listed mining group Vedanta Resources’ US $9.6 billion acquisition of Cairn India. The GoM headed by FM Pranab Mukherjee was ...
The Comptroller and Auditor General of India is finalising a report that questions the government’s move to allow Reliance Industries to increase its expenditure in developing the D-6 field in the Krishna-Godavari basin by over $6 ...
The government is poised to clear the $9.6-billion Cairn-Vedanta deal by the middle of February, ending five months of uncertainty over the controversial deal involving the transfer of India’s biggest onshore oilfield operated by the British ...
PMO has asked the petroleum ministry to decide within this month if the US $9.6-billion Cairn-Vedanta deal should be approved or rejected. The decision should be purely on merit, the prime minister has said.
A senior PMO ...
Profitability at two of the top state-run oil firms is being hurt at a time of high global crude costs, as the government delays increasing set fuel prices due to political pressure from high inflation.
SV Narasimhan, ...
Iran has agreed to receive payments for US $12 billion worth of crude oil it sells to India in rupees but Reserve Bank of India is yet to agree to the proposal.
RBI had last month said ...
With the government expressing its reluctance in raising prices of diesel and domestic LPG, the oil marketing companies (OMCs) may be forced to go for another round of increase in petrol price. The companies continue to ...
India is trying for no further increase in the domestic price of diesel, petroleum minister Murli Deora said on Wednesday, as the government walks a tightrope between cutting subsidies and tackling public anger over inflation.
Empowered group ...
The petroleum secretary S Sundareshan yesterday said the government would support state-run oil marketing companies and shield consumers from the impact of surging international crude. He added the government would make up the losses of the ...