The state-owned explorer ONGC claimed to have struck the first prospective shale gas deposit on Thursday. It said natural gas, trapped in shale rock deposits, flowed out from the Barren Measure shale in its first R&D well near Durgapur at Icchapur, West Bengal. “Though the well is still under assessment, the breakthrough is significant as […]
India is likely to soon have one more auction for wireless broadband spectrum, according to sources in the Department of Telecom. The Department on Wednesday released details of how much spectrum is available in all circles across all the three categories of 2G, 3G and 4G or wireless broadband. Only wireless broadband has close to […]
The government unveiled the much awaited mobile number portability on Thursday. “It is the open season now,” declared telecom secretary R Chandrasekhar as Prime Minister Manmohan Singh unveiled the long-awaited nation-wide number portability regime in the capital. Chandrasekhar, a recent entrant to the telecom ministry, seemed to almost echo the feelings of millions of telecom […]
The Indian Oil Corporation, which accounts for 50% of India’s petrol and diesel sales, has justified its recent increase in petrol prices, blaming the ever-rising international crude prices. It said, despite increasing petrol prices, it is losing Rs 159 Crore per day on the sales of other fuels like Diesel, LPG and Kerosene. “With the […]
Pakistan and India may be traditional rivals, but that has not stopped the smaller neighbor from considering the import of a controversial product from India — the electronic voting machine or EVM. The Indian Election Commission said its Pakistani counterpart has asked for a demonstration of the Indian machine and will soon send samples to […]
Untitled document No MOU SIGNATORIES 1 Urea Manufacturing Ministry of Industry of the Republic of Indonesia H.E. Mr. Mohamad S. Hidayat, Minister of Industry VS. Ministry of Chemicals & Fertilizers India H.E. M.K. Azhagiri, Minister of Chemical & Fertilizers 2 Development of Industrial Complex Based on […]
A year after promising a $1 billion loan to clean up the Ganga, the World Bank is in talks with India to fund new environment-related project, environment minister Jairam Ramesh said. “Our government is clear about the need to reflect and factor in ecological concerns into our growth process so that the benefits of growth […]
Indian goods export created a new record in December last year, even as strong production numbers from Cairn India’s Rajasthan block reduced the oil bill to its lowest level in a year. As a result, India’s trade deficit narrowed to around $2 billion, the lowest number in several years and a fifth of the $10 […]
HCL Technologies said that the era of big bang outsourcing deals from the US has come to an end. Indian IT providers had seen a virtual disappearance of deals that generate $100 million or more per year when the recession started two years ago. Despite the recession ending, such deals are yet to make a […]
The government has raised the minimum wages under its ambitious job guarantee scheme, the National Employment Employment Guarantee Scheme (NREGS) 17-30%, it said in a statement on Tuesday. The increase has been based on the increase in the Consumer Price Index for the agricultural labour, it said, adding that the total spend on the project […]
Union environment minister Jairam Ramesh on Thursday announced that the government intends to create nearly 10 million hectares of forests in the next ten years under its ‘Green India’ program. India currently has 69 million hectares, or about a fifth of its total area, under forests and had a long term plan to increase it […]
India and Japan inked a “Comprehensive Economic Partnership Agreement (CEPA),” short for a trade agreement that is just short of a free trade agreement. ” This Agreement is the most ambitious agreement signed by India so far and covers trade in goods, services and investment under its ambit,” the government of India said in a […]
After hectic talks between ministers and departments, the Prime Minister Manmohan Singh finally announced his response to the food price crisis — and it promises more of the same. The new measures — including a scheme to sell onions at Rs 35 per kg — are similar to those announced by the government to beat […]
The government has registered a case against members of the banned Students’ Islamic Movement of India (SIMI) for holding an illegal terror training camp in Kerala. It was alleged that a secret training camp was organised by them at Thangalpara, Wagamon during Dec, 2007. National Investigation Agency re-registered the case as NIA Crime No. 04/2010 […]
Sony has become the first computer firm to launch AMD’s Fusion brand in India. The firm, which has been targeting the mass market in India recently, announced a new laptop with the highest powered Fusion chip yet — the E-350 dual core 1.6 GHz processor. The AMD Fusion is a revolutionary design from AMD that […]
The first ever case of human infection with Crimea Congo Hemorrhagic Fever (CCHF) virus in India has been reported from Ahmedabad, the government of India confirmed on Wednesday. The CCHF virus is known to be transmitted among animals through ticks. It does not produce disease in animals but kills from 20% to 40% of humans […]
Home Minister P Chidambaram refused to buy blackberry maker Research In Motion’s explanation that the firm cannot expose the data of its corporate clients. RIM had, last week, put its foot down on sharing of enterprise-customer data, pointing out that no enterprise connectivity provider in India allows the government to snoop on their customers’ data. […]
After getting the outlay for the National Rural Employment Guarantee Scheme (NREGS) from Rs 30,000 crore to 40,000 crore last year, the rural development ministry is seeking a further increase to Rs 64,000 crore for the next year. The government will also start kick off a Rs 2,500 crore programme to check fraud accounts by […]
Cognizant Technologies, the fastest growing India-based IT services firm, warned of slower growth in 2011 compared to 2010 due to the exhaustion of ‘pent up’ demand. The firm, which posted another blockbuster quarter with a 45.2% jump in revenues, also announced an aggressive $500 million office-expansion program for accommodating 55,000 more employees. The firm, likely […]
The ministry of environment and forests (MoEF) of government of India has asked state level agencies to report all violations of the coastal buffer zone rules within four months and initiate action in another four. The directive has been issued soon after the coastal management authorities got new powers under the Coastal Regulation Zone (CRZ) […]
