New Delhi: Cairn India on Thursday reported a 53 percent drop in its December quarter net profit, crimped by the slump in global oil prices and drop in production.
Net profit in October-December at Rs 1,350 crore, or Rs 10.72 per share, was 53 percent lower than Rs 2,884 crore, or Rs 16.86 a share, in the same period a year ago, Cairn said in a statement here.
Profits were down as the price of oil it realised fell 29 percent to USD 68.7 per barrel from USD 96.3 in third quarter of previous fiscal.
Revenue fell 30 percent to Rs 3,504 crore.
Cairn's showpiece Rajasthan field output was 4 percent lower at 178,400 barrels of oil per day.
New Delhi, Jan 22: Aam Aadmi Party (AAP) chief Arvind Kejriwal on Thursday denied any rift within the party, as claimed by senior party leader Shanti Bhushan, and said that if the latter has any complaints against the party, he can approach the Lokpal.
"Everyone is free to give their own view in this country. We have a Lokpal where anyone can complain. If Shanti Bhushan has any complaints, he can bring it out. However, there is no internal damage within AAP," said Kejriwal.
Earlier in the day, senior AAP leader Shanti Bhushan came out in support of the Bharatiya Janata Party's chief ministerial candidate for Delhi, Kiran Bedi.
New Delhi: After oil, a cut in food subsidy is on the anvil as a high-level panel Wednesday suggested giving cash to beneficiaries and shifting rice and wheat procurement to states that do not have provisions for administered purchase price.
Food Corporation of India (FCI), the Union government's nodal agency for procurement and distribution of foodgrains, should focus on eastern states, leaving bulk purchase to state agencies in Punjab, Haryana, Andhra Pradesh, Chhattisgarh, Madhya Pradesh and Odisha, the panel suggested in its report submitted to Prime Minister Narendra Modi.
New Delhi, Jan 20 : Akshay Kumar is all geared up for the release of his upcoming action thriller 'Baby' as he was recently spotted promoting the film in New Delhi along with its director Neeraj Pandey.
New Delhi, Jan 19 : Praising the Bharatiya Janata Party's 'discipline', former union minister and Congress leader Krishna Tirath on Monday formally joined the party, vowing to continue her work towards the upliftment of the oppressed.
"Whatever work I have done, whether for the city or for the country, whatever post I have held, I have always had only one aim: how to be of service to the oppressed. And, I have never held back from doing so," Tirath told the media, while accepting a BJP scarf from the party's Delhi unit chief, Satish Upadhyay.
New Delhi - Taking positive cues from the global market, gold prices rose by Rs 101 to Rs 27,818 per 10 grams in futures trade on Monday as speculators enlarged positions.
Further, rising demand from jewellers at the domestic spot markets for the ongoing wedding season supported the upside in the precious metal prices.
At the Multi Commodity Exchange, gold for delivery in far-month April contracts was up by Rs 101, or 0.36 per cent, to Rs 27,818 per 10 grams in a business turnover of 86 lots.
The metal for delivery in February was trading Rs 76, or 0.27 per cent, higher at Rs 27,730 per 10 grams in a turnover of 1,130 lots.
New Delhi, Jan. 18 - Former IPS officer and Bharatiya Janata Party (BJP) leader Kiran Bedi on Sunday said that the party was blessed with the leadership of Prime Minister Narendra Modi.
" BJP has been blessed with the leadership of Narendra Modi. He is the sun and we are just small stars," said Bedi.
She further urged people not to waste their votes during elections.
"I have over 20000 tweets asking people not to waste their votes. This is for the future of the people and the country. What I am doing is for the future of the country. Now people have started calling me "Kiren Didi"," said Bedi.
New Delhi, Jan. 18 - Japan is ready to invest in building roads and infrastructure in India's landlocked northeast, excluding the state of Arunachal Pradesh, said Foreign Minister Fumio Kishida here over the weekend.
China is in dispute with India over the state of Arunachal Pradesh, calling it south Tibet, especially Tawang, a key site for Tibetan Buddhism. The historic town briefly fell into Chinese hands during the 1962 war before Beijing retreated. However, New Delhi regards it an integral part of India.
New Delhi, Jan 17 : External Affairs Minister Sushma Swaraj met her Japanese counterpart Fumio Kishida here today.
The two ministers were expected to deliberate on a range of key issues including firming up of a deal on defence equipment cooperation and production of amphibious long-range aircraft US-2 besides addressing issues relating to long-pending civil nuclear agreement.
Earlier on Friday, Kishida called on Prime Minister Narendra Modi and discussed issues of mutual interest. (ANI)
New Delhi, Jan 17 : Bharatiya Janata Party (BJP) president Amit Shah on Saturday urged party workers to diligently work on 'panna pramukh' strategy to succeed in Delhi Assembly elections and added that the saffron party will fight the elections with great fervor.
New Delhi, Jan.17 - The Union Cabinet has given its approval for amending the Motor Spirit (MS) and High Speed Diesel (HSD) control order for Regulation of Supply, Distribution and Prevention of Malpractices dated 19.12.2005.
The amendment will now allow private bio-diesel manufacturers, their authorised dealers and joint ventures of oil marketing companies (OMCs) authorized by the Ministry of Petroleum and Natural Gas dealers and give marketing/ distribution functions to them for the limited purpose of supply of bio-diesel to consumers.
New Delhi - Telecom regulator TRAI on Thursday kept the base price of 3G spectrum unchanged at Rs 2,720 crore per megahertz stating all spectrum in 2100 MHz band will be auctioned in February.
The Telecom Regulatory Authority of India on December 31 had recommended this rate for 3G spectrum which is about 19 percent lower compared to the price paid by service providers in the 2010 auction.
Earlier, the Department of Telecom (DoT) has questioned the methodology for arriving at base rate of Rs 2,720 crore per megahertz for these airwaves.
Reports said the DoT may approach the Cabinet on January 15 about the pricing of the 3G spectrum.
New Delhi - German luxury car maker Audi on Thursday launched the limited edition sports car 'Audi R8 LMX' in India priced at Rs 2.97 crore (ex-showroom Delhi).
Claiming that Audi R8 LMX is the the first production car with laser high beam lighting in India, the company said its production run is limited to only 99 vehicles globally.
Highlighting the significance of the new lighting technology, the company said the laser spot offer a higher range of visibility enhancing the safety aspect. The lights are activated at a speed of 60 kmph and above. The laser light spots one laser module per headlight generates a cone of light with twice the range of the all-LED headlight.
New Delhi, Jan 15 : Former IPS officer and social activist Kiran Bedi is likely to join the Bharatiya Janata Party (BJP).
The Bharatiya Janata Party is likely to release its first list of candidates for Delhi Assembly polls today. The Election Committee of the BJP will meet in the capital to discuss strategies for its campaign.
Polling in Delhi will be held on February 7 and the counting of votes will take place on February 10.
New Delhi, Jan.15 - Infosys CEO Vishal Sikka met Prime Minister Narendra Modi on Wednesday and reportedly informed him that his company is ready to offer and spend 250 million dollars (over Rs 1,500 crore) on funding software and services innovations in India.
He also reportedly said that Infosys is keen to participate in the creation of a smart and digitally empowered India.
He was quoted by media, as saying that his discussions with the Prime Minister focused on smart cities and infrastructure.
Sikka further said Infosys would be involved in delivering a software solution for next year's Kumbh Mela.
New Delhi, Jan.15 - Former Central Bureau of Investigation (CBI) Director A.P.Singh has resigned from the Union Public Service Commission four years before the completion of his term.
Though the reason for his resignation from his post is unknown, the government has reportedly forwarded it to President Pranab Mukherjee for acceptance.
Singh was the director of the CBI from 2010 to 2012. He was appointed to the UPSC in 2013.
It is being speculated that Singh resigned in response to a CBI court's recent verdict on the fake encounter case against BJP president Amit Shah.
The court had accepted Mr Shah's argument that he was "involved in the case by the CBI for political reasons".
New Delhi, Jan 14 : Union Home Minister Rajnath Singh formally handed over Resident Identity Card (RIC) readers to Navy Chief Admiral R.K. Dhowan and Vice Admiral Anurag G Thapliyal, Director General (Coast Guard) in the presence of Defence Minister Manohar Parrikar here on Wednesday.
One of the measures to strengthen coastal security was the creation of National Population Registrar (NPR) in 3,331 coastal villages in nine maritime states and four UTs and issue of Resident Identity Cards (RIC).
New Delhi, Jan 14 : Indian multinational corporation Infosys on Wednesday announced that it would invest and develop its Mysore campus as a Smart City, adding that it would also provide its expertise in smart infrastructure planning and sustainable building technology to the Ministry of Urban Development.
"Our model ecosystem at Mysore will serve as a live, replicable example of smart city innovations that will harness all the advantages of digitization. These technologies promise to revolutionize the physical spaces we inhabit," Infosys CEO Dr Vishal Sikka said, after meeting with Prime Minister Narendra Modi.
New Delhi, January 14 : Samsung launched the first Tizen powered smartphone in India, Samsung Z1, today in New Delhi and has priced it at Rs.5700.
Appealing to millions of potential users in India, the Samsung Z1 offers exclusive benefits for localized entertainment apps and a simple user interface that makes mobility easier and more enjoyable, even for first-time smartphone users.
Speaking at the launch, Hyun Chil Hong President and CEO, Samsung India Electronics, said, " The smartphone market in India is rapidly evolving, with many consumers using their device as their screen of choice for content including videos, television programs and video games a well as range of apps."
New Delhi, Jan 14 : Aishwarya Rai Bacchan, who is all set to begin her Bollywood comeback journey with Sanjay Gupta's 'Jazbaa', met the entire team at a script reading session in Mumbai recently.
Speaking to media persons on the occasion, Aishwarya, who will be seen on the silver screen after a gap of five years post-pregnancy, said, "We are here, the team of 'Jazbaa' having our initial readings together as a team, and I am very excited to work with Sanjay."
Talking about the film, director Sanjay Gupta said it would be a very entertaining and thrilling film.