RIL signs pact with Mexican firm for oil and gas hunt

New Delhi - Reliance Industries has signed an agreement with Mexican state-owned company, Petroleos Mexicanos (PEMEX) for cooperation in upstream oil and gas production as well as in refining business.

As per the Memorandum of Understanding (MoU) "RIL will cooperate with PEMEX for assessment of potential upstream oil and gas business opportunities in Mexico and jointly evaluate value added opportunities in international markets," a company statement said.

RIL and PEMEX will also share expertise and skills in the relevant areas of oil and gas industry, including for deep-water oil and gas exploration and production.

Senior citizens lose eyesight after allegedly undergoing surgery in Gurdaspur

Gurdaspur (Punjab), Dec 5 - At least 14 senior citizens lost their eyesight after they allegedly underwent eye surgeries at a free medical camp organized by an NGO in Punjab's Gurdaspur district on Friday.

"A bus full people reached the camp. After operation, some kind of infection started to develop in the brain area as well. When we consulted other doctors, they told us that the eye pupils are missing," said one of the victims.

Warm water rising from below threatens Antarctic ice sheets

Washington, Dec 5 - A team of scientists has observed rising temperatures on the West Antarctic shelf.

The Antarctic ice sheet is a giant water reservoir. The ice cap on the southern continent is on average 2,100 meters thick and contains about 70 percent of the world's fresh water and if this ice mass were to melt completely, it could raise the global sea level by 60 meters.

Lead author Sunke Schmidtko said that there are many large glaciers in the area and the elevated temperatures have accelerated the melting and sliding of these glaciers in recent decades and there are no indications that this trend is changing.

Sensex rises for second straight session; trading over 28,600 level

Mumbai - Rising for the second consecutive session, the benchmark BSE Sensex gained over 88 points in early trade on Friday on sustained foreign capital inflows coupled with a mixed trend on other Asian bourses.

The 30-share index, which had gained 120.11 points in the previous session, gathered another 88.93 points, or 0.31 percent, to 28,651.75 with oil & gas, metals and capital goods sectors leading the rise.

The NSE Nifty also shot up by 15.15 points, or 0.18 percent, to 8,579.55.

Govt to sell 5% stake in SAIL on Friday; floor price fixed at Rs 83

New Delhi - Government's five per cent stake in steel giant SAIL will be sold at a floor price of Rs 83 per share on Friday, which can raise Rs 1,500-1,700 crore for the exchequer in the first disinvestment under the new regime.

"Government expects to garner Rs 1,500 crore to Rs 1,700 crore from SAIL disinvestment. Floor price will be Rs 83 and retail investors will get a discount of 5 per cent," an official said after a meeting on SAIL disinvestment in the Finance Ministry.

The SAIL offering would be the first PSU share sale under the new government, which targets to raise Rs 43,425 crore through share sales in various state-owned firms during the ongoing fiscal.

Paul McCartney to make game song for kids

London - Beatles legend Paul McCartney agreed to soundtrack a video game to infiltrate his children and grand children's lives.

The Beatles legend recorded the theme tune for new game 'Destiny' and agreed they could use his song 'Hope for the Future' because he thinks it's the only way he can now get his family to listen to his music, reported Contactmusic.

"I know from my kids and my grandkids, they just bury themselves in a game and I don't think they've got time to listen to my music.

"Their agenda is pretty full with all the other stuff, you know, so I like the idea of infiltrating into their agenda," he said.

Pages

News in Focus

Bajaj Finance Share Price Target at Rs 10,000: Motilal Oswal Research

In its latest research update, Motilal Oswal has maintained a Neutral stance on Bajaj Finance Ltd (BAF), assigning a target price of Rs 10,000—an upside of about 10% from the current market price o

Vedanta Share Price Target at Rs 525: Emkay Global Research

Emkay Global Financial Services has maintained its BUY call on Vedanta Limited, adjusting the target price downward to Rs 525 from Rs 550, reflecting a 25% potenti

Ambuja Cement Share Price Target at Rs 625: Choice Equity Broking

Ambuja Cement Limited has emerged as a frontrunner in India’s cement sector, bolstered by robust quarterly performance, margin expansion, and ambitious cost-reduction targets.

JSW Infrastructure Share Price Target at Rs 370: Motilal Oswal

JSW Infrastructure, the logistics and port development arm of the JSW Group, continues to chart an ambitious growth trajectory.

CEAT Share Price Target at Rs 3,818: Motilal Oswal Suggests BUY Call

In its latest research coverage, Motilal Oswal has reiterated a BUY rating on CEAT Ltd., assigning a revised target price of Rs 3,818, indicating a 15% upside from

BET365 Eyes Strategic Shift as Talks of £9 Billion Valuation and Potential IPO Intensify

The global online gambling giant bet365 is reportedly evaluating a major strategic pivot that could reshape the landscape of the digital betting industry.