RIL becomes India's largest gas producer
RIL's gas production from its D6 fields in the Krishna Godavari basin on Sunday touched 50.15 mmscmd. This for the first time surpasses ONGC's 49.6 mmscmd output. Jet fuel price cut by 1%
After the two hikes, the ATF prices had risen to above September levels, the official said. The three oil firms revise jet fuel prices on the first and the 16th day of every month based on the average global oil price in the previous fortnight. Nomura revises India's GDP forecast to 7%
Describing the "lower agriculture output" as the "immediate challenge", Nomura said it could be a drag on GDP in the next quarter and on rural consumption. "But we expect urban consumption to rebound due to better job prospects," it said. Indian economy booms; grows at 7.9% in Q2!
Belying predictions, the Indian economy grew by a significant 7.9 per cent in the second quarter of this fiscal, up from 6.1 per cent in the previous quarter, essentially due to a good showing by the industry and the services sector. Buying real estate? Read this first!
Traditionally, real estate has been the major investment avenue across the world. The trend is not due for a change as the capital appreciation is good. However there are some points to be thought about. Climate change may kill 400,000 children per year
Global warming could cause the death of a quarter of a million children next year as a result of natural disasters causing an increase in injuries, water-borne diseases and starvation. Dubai shock hits Indian workforce hard!
Perception could prove to be another blow for Indian workers, for whom the UAE was the most important destination last year. Indians such as Venkat constituted 42.3 per cent of the UAE's labour force in 2008. Act now, before Mumbai, Kolkata drown!
In India, there is a perception that the current ecological disaster is a responsibility of the developed world. If we want to play in the big league we must stop seeing ecological solutions as impositions, say Vikram Sood and Nandita Sood-Perret. Airport fee: SC notice to Centre, AAI
However, the court refused to stay the order of the Delhi high court that upheld such levy, saying, "we are not inclined to stay it. . . No airport could be developed if they don't have funds." Stimulus doubles fiscal deficit to Rs 2.45 lakh cr
With this, fiscal deficit during April-October, 2009 has already reached over 61 per cent of the targeted level of over Rs 4 lakh crore (Rs 4 trillion) for the current fiscal. The government is projecting fiscal deficit of 6.8 per cent of GDP for the current fiscal. Hyundai workers adamant over strike
"We have given a notice...If we don't get any positive action from Hyundai management or from the labour department, we will fix the date for going ahead with a strike after December 5," CITU state general secretary A Soundararajan told PTI. Apparel sector may see massive job losses
"By January 2010 there could be massive job losses on unprecedented scale which could lead to social problems in apparel manufacturing clusters across the country," AEPC Chairman Rakesh Vaid said. Jolt for West Asia trade
How will the financial crisis in Dubai affect exporters and importers in India? 'Robust GDP, recovery to drive markets up'
The economy grew by a robust 7.9 per cent in the September quarter, propelled by increased government spending and surge in the manufacturing sector. I have been advocating flexibility: Jairam Ramesh
"Sir, my only purpose has been to open up windows of flexibility for India because the world is changing; different countries are taking different positions." RBI to raise growth forecast
RBI depty governor Subir Gokarn stopped short of giving a new estimate, saying the recovery was mainly driven by government spending and it was premature to forecast without knowing the impact of the monsoon on the third quarter figures. Closure of diamond units: Over 4 lakh jobs lost
According to surveys undertaken by the government of Gujarat as quoted in the Reserva Bank of India Task Force Report of February 26, 'approximately 4,317 diamond units were not functioning and 4,13,000 workers have lost their jobs,' minister of state for commerce and industry Jyotiraditya Scindia said. Dubai crisis not to impact India, says Montek
"The full impact of the Dubai debt crisis is yet to be assessed, but there is no need to press the panic button," said Pranab Mukherjee. Call transfer: Users to port no. for new experience
Telecom industry may be hit by biggest customer churn ever, due to mobile number portability. Markets catapult higher on GDP numbers
The Nifty re-gained the 5k mark to close at 5026, up 84 points, in a steady day of trade. The market breath was strong. Out of 2,824 stocks traded on the BSE, there were 2,017 advancing stocks as against 733 declines. How minimum investment can hit returns
Most people think that small investments will lead to lower risks. But the returns are adversely impacted. Free Nirodh condoms sold as foreign brands
The head of a social marketing organisation in Delhi shows how the repackaging is done. With his thumb he pushes a condom out of the sealed Nirodh strip and into a new foil open at one end. He does not touch the condom; just uses the condom lubricant to aid the transfer. Dubai property recovery under threat
The fear of government-owned Dubai World reneging on its commitments to global lenders is expected to find an echo in a reversal of a recent tentative recovery in Dubai's real estate values unless the emirate manages to strike some sort of deal with creditors and / or somehow raises the cash to meet its obligations, analysts and industry professionals said on Sunday. The good, bad & the ugly of music downloads
In fact, a research conducted by Jupiter in 2008 estimates the cumulative effect of downloading to result in losses in 2012 around £1.1 billion. 'Indo-US economic bonds can fortify strategic ties'
An interview with former US assistant secretary of commerce Raymond E Vickery speaks on his book The Eagle And The Elephant: Strategic Aspects Of Us-India Economic Engagement.