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India's growing economy to fuel oil demand: Opec
The Organisation of Petroleum Exporting Countries (Opec) has projected that a rise in India’s gross domestic product (GDP) would lead to increased oil consumption next year. India oil demand was not affected by the economic crisis in 2009, and next year’s oil usage is forecast to grow further. All sectors are seeking more energy and new vehicle registrations are expected to continue the fast growth of 2009. These factors would push up oil demand by 15 per cent, making it the fastest growing product in terms percentage rise, Opec said. generic levitra

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A V Rajwade: Managing G3 currencies
A V Rajwade / New Delhi November 09, 2009, 0:05 IST

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Finance ministry seeks Idiot's tip to tackle Budget blues
As the Ministry of Finance gets into the Budget mode, its officials perhaps want to tell themselves, “All is well”. So, they have none other than Aamir Khan, alias Rancho of recent Bollywood blockbuster 3 Idiots, talking to them this weekend on Cinema and Society.
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OIL plans investment spread of Rs 4,550 cr

Oil India (OIL) has planned an investment of more than Rs 4,550 crore for the next 18 months in exploration and other expansion activities, company officials said today. - IOC may lose Rs 25,000 cr revenues this fiscal - OIL India plans investment of Rs 4,550cr in next 18 months - Remittances from UAE to India to grow in coming months - Plan panel for Integrated Energy Policy in gas pricing - Barmer"s billion barrel find a great spur - Oil rebounds in Asia after overnight declines The company plans to spend around Rs 2,827.97 crore in connection with its exploratory and appraisal activities, including 2D seismic data and 3D seismic data acquisition, processing and interpretation and exploratory drilling, they said. It proposed to invest Rs 1,045.59 crore for development activities to accelerate exploration and development in producing fields, they said. For the purchase of capital equipment and setting up facilities, it has earmarked an expenditure of Rs 686.28 crore. These investments would be made by March 2011, they added. Part of funds required would be raised through an initial public offering (IPO), which opens on September 7 and closes on September 10. The company has fixed a price band between Rs 950 and Rs 1,050 per share and hopes to raise anywhere between Rs 2,513 crore and Rs 2,777 crore. "The issue will constitute 11 per cent of the fully diluted post-issue capital of the company," OIL"s GM (HR and BD), N K Bharau, said.


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