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Popular Articles

Jyoti Basu in hospital, condition stable
Marxist patriarch Jyoti Basu was today admitted to the intensive care unit of a hospital here with slight pneumonia infection and doctors attending on him said his condition was stable.

IMF wants India to eliminate mandatory investment norms
The International Monetary Fund (IMF) wants India to gradually eliminate the norms that make it mandatory for banks and other saving funds to park a portion of their funds in government securities.

News of the day

Budget' 10: Depts, ministries ask for the moon
Union ministries have together sought a whopping 82 per cent increase in gross budgetary support (GBS) for Plan outlay in fiscal 2010-11 over budget estimates for 2009-10.
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RIL abstains from bidding under NELP

Drawing a poor response, India"s largest oil and gas licensing round saw a total of 76 bids being received for 36 out of 70 blocks on offer. Reliance Industries abstained from bidding for the 70 exploration blocks on offer in the eighth round of auction under the NELP, companies like BHP Biliton of Australia, BG of UK and Cairn Energy were the only notable companies besides home grown giants like ONGC, the Joint Secretary (Exploration), Ministry of Petroleum and Natural Gas, D N Narasimha Raju, said. Jan cement sales in high double-digit Of the 10 coal bed methane (CBM) blocks on offer, bids were received only for 8. RIL bid for one block. Of the 24 deep water blocks on offer, bids were received only for eight. 13 shallow water blocks received bids while 10 small onland blocks got 37 bids while five larger onland blocks got 10 bids.


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