India behind Pak in doing business: Report

For the fifth year in a row, Eastern Europe and Central Asia led the world in business reforms. However, so far as India is concerned, it still lags behind its neighbours on the ease of doing business.

This is the finding of the 'Doing Business Report 2009’ prepared jointly by the International Finance Corporation and the World Bank. Since 2004, Doing Business has been tracking reforms aimed at simplifying business regulations, strengthening property rights, opening up access to credit and enforcing contracts by measuring their impact on 10 indicator sets.

September Share Market Reviews

Nearly 1,000 reforms with an impact on these indicators have been captured. Eastern Europe and Central Asia has accounted for a third of them. The region surpassed East Asia and Pacific in the average ease of doing business in 2007—and maintained its place this year. Four of its economies—Georgia, Estonia, Lithuania and Latvia—are among the top 30 in the overall Doing Business ranking.

India, however, slipped two notches to rank at 122nd, below its neighbours such as Nepal , Bangladesh and Pakistan which have been placed at 121st, 110th and 77th place, respectively, in the overall ranking. One interesting fact, however, being that even the neighbours have slipped this time from their previous rankings.



September Share Market Reviews

However, Singapore continues to rank at the top on the ease of doing business, followed by New Zealand, the United States and Hong Kong (China).

Five of the top 10 economies implemented reforms that had an impact on the Doing Business indicators in 2007/08. Singapore further simplified its online business start-up service. New Zealand introduced a single online procedure for business start-up, lowered the corporate income tax and implemented a new insolvency act. Hong Kong (China) streamlined construction permitting as part of a broader reform of its licensing regime. Denmark implemented tax reforms. And entrepreneurs in Toronto, Canada, can now start a business with just one procedure.


September Share Market Reviews


For many economies the reforms captured in Doing Business reflect a broader, sustained commitment to improving their competitiveness. Among these systematic reformers: Azerbaijan, Georgia and the former Yugoslav Republic of Macedonia in Eastern Europe and Central Asia. France and Portugal among the OECD high-income economies. Egypt and Saudi Arabia in the Middle East and North Africa. India in South Asia. China and Vietnam in East Asia. Colombia, Guatemala and Mexico in Latin America. And Burkina Faso, Ghana, Mauritius, Mozambique and Rwanda in Africa.

India slips in global business climate ranking

India has slipped 13 places to 64th rank in a global list that measured business climate in 121 countries, as inflation and differences between the government and its Left allies dampened investor confidence. India has dropped from 51st place, whereas China is two notches down from last year's ranking at 79 in the Forbes list of 'best countries to do business. The list is topped by Denmark, climbing three spots from the previous year, followed by Ireland and Finland.


"India and China fell in this year's ranking as political instability demonstrated resistance to increasing personal freedoms. Higher inflation from food and other commodity costs, as well as increased burdens on entrepreneurs also held the world's most populous nations back as business destinations," Forbes said in an accompanying report.

Denmark, which rose three slots from last year, Ireland (up 19 places to No 2), Finland (up four to third place), the US (down three to fourth) and UK (up five to fifth). Big movers like Ireland, Estonia (No 10, up 24 spots) and Saudi Arabia (No 47, up 37) have limited bureaucracy standing in the way of entrepreneurs hoping to do business there. However, the world's largest economy United States declined one spot to the fourth place, whereas another economic giant United Kingdom retained its fifth position.

Pointing out that the Indian government has reduced controls on foreign trade and investment, Forbes said tariff spikes in sensitive categories, including agriculture, and incremental progress on economic reforms still hinder foreign access to India's vast and growing market.

"Privatisation of government-owned industries remains stalled and continues to generate political debate; populist pressure from within the UPA government and from its Left Front allies continues to restrain needed initiatives," the report noted. Forbes said that strong growth combined with easy consumer credit and a real estate boom fuelled inflation concerns in 2006 and 2007. This had led to a series of central bank interest rate hikes that have slowed credit growth and eased inflation concerns.


"The huge and growing population is the fundamental social, economic, and environmental problem," it said. Forbes analysed the business climates of countries, focusing on degrees of personal freedoms such as freedom of expression and right to participate in free and fair elections. "Investor protection examines the recourse held by minority shareholders in cases of corporate misdeeds, while corruption looks at the number and frequency of similar misuse of corporate assets for personal gain. Together with economic policies supportive of free trade and low inflation, these key points form a snapshot of countries' suitability for capital investment," the magazine said.


Developed countries like Germany (21st rank) and France saw declines in their respective rankings due to scandals in the banking sector and tougher barriers for entrepreneurs. One of the biggest falls came from Japan, which dropped to 24th rank from 21st position. On Japan, the report said, "... a Council on Economic and Fiscal Policy spelled out problems with the world's second-largest economy earlier this year. Among others, the committee's report cites the nation's 40 per cent corporate tax rate as uncompetitive compared with regional rivals like Hong Kong at 17.5 per cent and South Korea at 25 per cent."

Indian Business | Health Care / Biotech Sector Updates

Health care, biotech and Pharmaceuticals sector are vital sectors of indian economy anh latest updates are available here for both these sectors also update yourself with latest updates from Auto Sector Updates, Jobs Sector Updates, Energy Sector Updates, Media sector Updates , Entertainment Sector Updates , Telecom Sector Updates , Banking Sector Updates , Finance Sector Updates , Healthcare Sector Updates , Biotech Sector Updates , Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.

Health Care Sector Latest Updates:

• Avesthagen launches bioactive Teestar - (23/4/2008)
• Biodiversity loss will wipe out cures: Experts - (23/4/2008)
• Biocon launches stand alone cardiology division - (22/4/2008)
• MakroCare announces the completion of Oracle Clinical Implementation - (22/4/2008)
• GCC investors plan medical city in India - (22/4/2008)
• ArcelorMittal plans a string of health centres in India - (21/4/2008)
• Delhi govt in talks with Fortis, Apollo for emergency services - (19/4/2008)
• Prozac might cure lazy eye, say scientists - (19/4/2008)
• Bombay hospital introduces ozone therapy for patients - (14/4/2008)
• Yash Birla to enter domestic health & wellness market - (14/4/2008)
• India's public healthcare in serious decline: Planning Commission - (13/4/2008)
• India's foray into telemedicine faces difficulties - (13/4/2008)
• Opto Circuits completes acquisition of Criticare Systems - (11/4/2008)
• Goa-based Sangath wins $350,000 MacArthur grant - (11/4/2008)
• Ranbaxy, DBT signs agreement for joint research - (9/4/2008)
• Suven Life Science enters into deal with Chinese company - (8/4/2008)
• Opto Circuits acquires majority stake in Criticare Systems - (8/4/2008)
• Planning Commission paints grim picture of healthcare
• Jubilant Organosys acquires Canada's Draxis for $255 mn
• Ayurvedic Association agreement with American Herbal Association
• Wockhardt Hospitals to raise funds through PE
• Manipal Cure to invest Rs 300 cr for expansion
• US co GHIS plans $500 mn fund for healthcare sector in India
• Dr Reddy’s buys Italian generics firm
• Apollo Hospitals to set up 25-30 maternity centres
• Govt may use compulsory licensing for drug companies only in emergency
• RFCL to acquire Germany's Bremer Pharma GmbH
• Realty players woo healthcare firms to meet govt norms
• Suven receives two product patents associated with Neurodegenerative
• Medical parks will be built across the country: Health Minister
• 6 still in pipeline, Ramadoss plans 2 more 'AIIMS'
• R-ADAG plans medical cities across country
• US seeks India's help to improve global healthcare
• Lifeline health insurance launched in kerala
• Lifeline Group of Hospitals signs MoU with Zambian govt
• Piramal Diagnostic eyeing acquisitions
• Suven Life Sciences, US co enter deal on pre-clinical research
• Polio project to be reviewed: Health Minister
• Max New York Life Insurance makes foray into health sector
• Reliance Life Insurance launches Reliance Wealth + Health Plan
• Manipal group to buy 40% in Kerala hospital for Rs 100 cr
• Fresenius Kabi to expand product portfolio in India
• Country's first hi-tech TomoTherapy system installed
• CII welcomes allocation to health sector in annual budget
• Budget provides an incentive for quality healthcare
• Government extends 5 yr tax holiday for all hospitals
• Shasun Chemicals enters non-exclusive deal with Merck

Update yourself with Biotech Sector Latest Updates:

• Asia gets its first Bio Safety Level-4 facility - (23/4/2008)
• Biocon to buy US firm for $400 mn: Report - (14/4/2008)
• Biocon eyes more buys to boost growth - (27/2/2008)
• India to develop microbicides at earliest: Ramadoss
• Biocon picks up 70% in German pharma co AxiCorp for e30 mn
• Biotech cos raise record $9.1 bn venture capital
• ICGEB joins with US based group to develop vaccines
• Biotech industry urges government to `Walk the Talk'
• New biochip technology may eliminate animal testing
• Bengal to rope in biotech giants
• Scientists spot gene behind alcoholism
• Biocon to launch oral insulin drug by 2010
• Glenmark eyes Indonesian co

Latest Updates from Pharmaceuticals Sector :

• Lupin's Japanese arm gets nod to sell 10 products - (25/4/2008)
• Aventis to launch three new drugs in 2008 - (24/4/2008)
• Promotional expenses of pharma cos to be capped - (24/4/2008)
• PEs, banks in talks to buy stake in SRL Ranbaxy - (24/4/2008)
• Fresenius Kabi makes open offer to buy 20% of Dabur Pharma - (23/4/2008)
• Lupin enters gynaecology segment - (23/4/2008)
• Ranbaxy net up 7% to Rs 153 cr - (23/4/2008)
• HC restrains Cipla from exporting anti-cancer drug - (23/4/2008)
• Five pharma companies to face legal action - (23/4/2008)
• Ranbaxy in strategic alliance with Orchid Chemicals - (23/4/2008)
• Sale of fine chemicals unit props Glaxo Pharma profit - (22/4/2008)
• US-based Merck to double workforce by year-end - (22/4/2008)
• GlaxoSmithKline Pharma to launch more vaccines in India - (22/4/2008)
• Fresenius Kabi to invest $70 mn, announces open offer - (22/4/2008)
• Pharma sale would expedite the growth of firm - (21/4/2008)
• German co Fresenius Kabi picks up 73% in Dabur Pharma - (20/4/2008)
• Singapore firm to acquire 73.27% stake in Dabur Pharma - (19/4/2008)
• Pharmas give wrong prescription, can't barter cheap drugs with policy - (19/4/2008)
• Domestic growth may lift Q4 pharma margins - (18/4/2008)
• Mankind plans IPO to raise Rs 400 cr for cape1x - (17/4/2008)
• RFCL launches manufacturing facility in Haridwar - (16/4/2008)
• Ranbaxy strikes deal on Nexium with AstraZeneca - (16/4/2008)
• Nicholas Piramal buys two brand groups from Khandelwal Labs - (15/4/2008)
• Nicholas Piramal plans Rs 1.16 bn brand buys - (15/4/2008)
• Ranbaxy to sell ulcer drug Nexium in US - (15/4/2008)
• Astra settles Nexium patent dispute with Ranbaxy - (15/4/2008)
• Drug firms seek to trade off controls - (15/4/2008)
• Price regulator wants pharma cos to pass on duty cut benefits - (14/4/2008)
• Strides Arcolab promoters hike stake to 21% - (14/4/2008)
• India to see 8% growth in drug sales annually - (14/4/2008)
• Solrex close to triggering open offer in Orchid - (13/4/2008)
• Orchid Chemicals sees $100 million sales from Japan in 5 years - (10/4/2008)
• No hostile intentions on Orchid: Ranbaxy - (10/4/2008)
• Dabur Pharma to supply anti-cancer drug to Thailand - (9/4/2008)
• Ranbaxy, Biotech Department in new drug discovery deal - (9/4/2008)
• Orchid owners have option to convert warrants to equity - (9/4/2008)
• Orchid MD denies meeting Malvinder - (9/4/2008)
• Orchid may use warrants as defence - (9/4/2008)
• Ranbaxy to market Amlodipine tablets in Japan - (8/4/2008)
• Ranbaxy picks up 9.54% stake in Orchid Chemicals - (8/4/2008)
• Novartis buys stake in Nestle eyecare unit for $11 bn - (8/4/2008)
• CD Pharma to introduce 4 drugs in India with licence agreement
• Nicholas Piramal expecting 35% growth from Baddi plant
• Fortis Group cos SRL Ranbaxy & Fortis Healthworld planning stake sale to PEs
• Govt creating database of traditional Indian drugs
• Dr. Reddy's buys Italy's Jet Generici
• Ranbaxy launches Bio-generic injectable for Osteoporosis
• Dr Reddy's to acquire part of Dowpharma business
• RFCL acquires Bremer Pharma
• Guardian Lifecare in talks to raise Rs 100 cr
• Sun Pharma launches generic Ethyol in US
• Sun Pharma launches Amifostine for injection 500mg
• NGO to seek compulsory licensing of cancer drugs
• Herbal mkt to grow to Rs 14,500 cr by 2012: Assocham
• Ranbaxy’s 2007 dividend goes up to 170%
• Jupiter Bioscience eyes acquisitions in US, Europe
• Role of CFOs in Pharma Cos undergoing transformation: E&Y
• Pfizer again sues Ranbaxy over Lipitor
• Aurobindo to be on prowl again in EU
• Ranbaxy, Cipla among Indian cos in race for $200 mn drug deal
• Arch Pharmalabs Ltd changing horizons
• Cipla gets Rs 62 cr interest demand from NPPA
• Aurobindo Pharma acquires Italian company
• Sun Pharma gets US FDA nod for benzonatate
• Vitabiotics to launch 3 OTC brands in India
• Govt all set to fix profit margin for chemists
• Pharma MNCs losing turf to Indian companies
• Natco plans copy of Roche cancer drug
• Sun Pharma gets USFDA nod for anti-cough drug
• Cipla scores a generic win over Roche
• Ranbaxy fights NPPA's price control move
• Sun Pharma gets FDA nod for generic Cerebyx
• Delhi HC refuses relief to Swiss Company La Roche against Cipla
• Sun Pharma gets USFDA approval for fosphenytoin sodium injection
• US wants FDA inspectors stationed in India
• Strides Arcolab gets approval for Fosphenytoin injection
• Ranbaxy to introduce INERSAN brand in India and Nepal
• Ranbaxy Labs enters deal CD Pharma to market INERSAN
• Accenture to expand lifesciences R&D unit
• Glenmark Pharma gets US marketing rights for Clobetasol Propionate
• Sun Pharma gets USFDA approval to market generic Ethyol
• Retail pharma logs 13.9% growth in Jan
• IOL Chemicals to invest Rs 300 cr in next one year
• US FDA approves Glenmark's Nabumetone & Hydroxyzine Hydrochloride

Indian Business | Jobs Sector Latest Updates

With increase in Fdi's there have been a lot of growth in job sector in India and it has been predicted that in 2008 hospitality industry would provide largest job oppurtunities ahead of the IT sector which has been market leader in providing jobs to fresh graduates and use them as tech coolies. also update yourself with latest updates from Auto Sector Updates Jobs Sector Updates Energy Sector Updates Media sector Updates Entertainment Sector Updates Telecom Sector Updates Banking Sector Updates Finance Sector Updates Healthcare Sector Updates Biotech Sector Updates Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.
Job Sector Latest Updates / Latest Jobs Openings:

April 2008 Jobs Updates :

• ICSI targets to create pool of 50000 professionals by 2015 - (20/4/2008)
• IT industry goes slow on hiring, courtesy US slowdown - (19/4/2008)
• Govt set to outsource recruitment for jobs - (19/4/2008)
• Gokak to recruit 400 hearing and speech impaired personnel - (18/4/2008)
• Australian bank to shift 500 jobs to India - (18/4/2008)
• Qatar set to ease sponsorship laws for foreign workers - (18/4/2008)
• SC, HC judges discuss 10-fold salary increase - (18/4/2008)
• IIT-M grads prefer old economy to new - (18/4/2008)
• Executive hiring set to slow in Asia - (17/4/2008)
• IITians prefer India over foreign nations for career avenues - (16/4/2008)
• Overall global employment expected to increase by around 40 mn - (16/4/2008)
• Infosys workforce to cross 100,000 mark this year - (16/4/2008)
• Malaysia to stop using foreign workers, says minister - (16/4/2008)
• Indians top Norway list of skilled workers - (16/4/2008)
• KPMG to add 2,000 more employees in India by ’10 - (15/4/2008)
• CSIR unveils incentives for its scientists - (13/4/2008)
• Sixteen GNDU students placed with Tech Mahindra - (12/4/2008)
• Labour Commissioner asks for implementing minimum wages - (12/4/2008)
• Andhra Pradesh starts overseas recruitment agency - (12/4/2008)
• Nath aims to bring 1 crore new jobs - (12/4/2008)
• Indians not paid for seven months in Kuwait - (11/4/2008)
• Bihar's highest migrant earnings come from Delhi - (11/4/2008)
• Failing to recruit qualified engineers, UK firm turns to India - (11/4/2008)
• Bill to impose sanctions against nations who refuse to take back illegal migrants - (11/4/2008)
• RIL's Jamnagar refinery is a rich well of talent - (11/4/2008)
• Indians may get a quick passage to Canada - (11/4/2008)
• Salaries of management graduates jump 22% this year: Report - (9/4/2008)
• Diverse backgrounds find favour with employers - (9/4/2008)
• Temporary staffers continue to find favour with India: Study - (9/4/2008)
• Innovation is the key for retaining talent too - (9/4/2008)
• 107 officers seek pre-mature retirement in 15 days - (8/4/2008)
• Indian finance executives get highest pay hike in Asia - (8/4/2008)
• Pvt life insurance cos in the hunt for sales team leaders - (8/4/2008)
• No slowdown impact on B-School placements - (8/4/2008)
• Expats make up 99 per cent of private sector staff
• Job losses hit; recession fears begin to haunt
• Defence ministry to look into pay problems: Antony
• PSUs seek freedom to fix variables like allowances and perks
  - HUL AGM okays higher pay for honchos
  
  - MIC seeks 8% job quota for Malaysian Indians
  
  - India plans joint labour management system with UAE, Bahrain
  
  - HUL announces performance-linked bonus for staff
  
  - Value of Indian workers' wages in Gulf may fall
  
  - Indian doctors, nurses in demand in UK, US
  
  - ISB 2008 batch gets Rs 19 lakh average placement offer
  
  - Orissa police personnel demand salary hike
  
  - Accentia to increase headcount to 5,500 by end of FY09
  
  - Samsung to hire 2,000 engineers by 2010
  
  - More ISB graduates join crorepati club
  
  - Lack of skilled manpower threat to PE companies
  
  - Sushma Nath to be new expenditure secy
  
  - Shareholders fret as PSU employees celebrate pay hike
  
  - Coffee chain growth makes brewing a better career option
  
  - Law firms hike salaries to retain talent as foreign cos troop in
  
  - Sushma Nath to be new expenditure sectary
  
  - Expats warm up to growth sectors as salaries zoom
  
  - India, Kuwait agree on model contract for jobseekers
  
  - Govt employees to get effective salary hike of 28%
  
  - Flexible hours will help women take care of kids
  
  - Pay panel's performance-based scheme to energise employees
  
  - No more 'Sahayaks' for Para-Military officers: Pay Commission
  
  - Haryana to implement 6th Pay Commission recommendations
  
  - NTPC to step up hiring of engineers
  
  - IT cos, investment banks eye economics graduates

Indian Business | Energy Sector latest Updates

Energy sector is very important sector of indian economy as it includes some of the heavy weights of indian industry like ONGC, Hindustan Petroleum, Indian Oil, Bharat Petroleum, Reliance group, Suzlon etc. Updates in energy sector have a lasting impact on indian economy. also update yourself with latest updates from Auto Sector Updates , Jobs Sector Updates , Energy Sector Updates , Media sector Updates , Entertainment Sector Updates , Telecom Sector Updates , Banking Sector Updates , Finance Sector Updates , Healthcare Sector Updates , Biotech Sector Updates , Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.

Energy Sector consists of both power and Oil and Gas sector which includes many heavyweights of indian industry.

Latest Updates of Energy Sector:

April 2008 Energy Sector Updates :

Power Sector Updates:

• Chinese cos power into equipment market here - (21/4/2008)
• R-ADAG puts Rosa project on fast track - (20/4/2008)
• Haryana to strengthen power generation - (20/4/2008)
• ADB lends $113 mn to India wind power projects - (20/4/2008)
• L&T-MHI set to bag Rs 48,000-cr equipment order - (19/4/2008)
• CLP India to invest Rs 500 crore in Samana power project - (18/4/2008)
• Himachal to provide 2000 MW power to northern states: Dhumal - (18/4/2008)
• DVC poised to become 2nd largest power producer: Ramesh - (18/4/2008)
• Suzlon Energy bags orders for wind farm projects in China - (18/4/2008)
• Power ministry sends new name for NTPC top slot - (18/4/2008)
• GMR buys 5% in S African mine co - (18/4/2008)
• R-ADAG’s Rosa power plant ahead of schedule - (18/4/2008)
• GMR Energy acquires 5 pc stake in South African co - (17/4/2008)
• PGCIL seeks loan from World Bank, ADB - (17/4/2008)
• Power Grid plans Rs 8,040 crore FY-09 capex - (17/4/2008)
• KLG Systel to invest Rs 1.25 bn in power unit - (17/4/2008)
• BHEL may bag NTPC deals at set price - (17/4/2008)
• PFC to issue proposal for Tilaiya UMPP by May 30 - (16/4/2008)
• Bidding process on for UMPP in Jharkhand - (16/4/2008)
• Reliance Power to complete $2 bn ECB issue next month - (15/4/2008)
• BHEL-led consortium may sell Rs 55k-cr equipment to NTPC - (15/4/2008)
• No holds, bar: Reliance Power gets nod for $2-b ECB float - (15/4/2008)
• GVK Power may hive off energy arm - (14/4/2008)
• NHPC to form JV with J&K’s power utility - (14/4/2008)
• Don't ride Re power for overseas M&As: KPMG - (14/4/2008)
• Centre to increase Delhi's electricity quota by 10% - (13/4/2008)
• PM says no to bio-fuel production out of foodgrains - (13/4/2008)
• Haryana to add 5,000 MW of power generation capacity - (12/4/2008)
• TN taking steps to make state power surplus - (12/4/2008)
• Maharashtra sugar co-ops to produce 1,000MW surplus power - (11/4/2008)
• Haryana to spend Rs. 722 crore on strengthening electric transmission - (10/4/2008)
• NTPC to double coal imports in 2008/09:chief - (10/4/2008)
• Govt to slap pre-condition on foreign power equipment cos - (10/4/2008)
• Areva sees robust growth, plans to increase headcount - (10/4/2008)
• Areva T&D targets to double turnover; to invest Rs 700 crore - (9/4/2008)
• No interim relief to Reliance Power in UP land acquisition case - (9/4/2008)
• DHBVN to set up 59 sub-stations of 33 kv - (9/4/2008)
• IFC to lend Rs 1,800 crore to Tata's power project - (9/4/2008)
• Areva T&D India sees sales doubling by 2010 - (9/4/2008)
• World Bank approves $450 mn for Tata Mundra project - (9/4/2008)
• Give power to the people or hang head in shame: Jairam - (9/4/2008)
• Tata to set up 30 mw power unit in Haldia - (9/4/2008)
• Areva T&D bags Rs 418 crore order from Essar Constructions - (8/4/2008)
• RIL, Bhel consider JV for solar fab units - (8/4/2008)
• Four companies shortlisted for solar power projects in Punjab - (7/4/2008)
• APTEL rejects PGCIL plea on outages due to maintenance - (7/4/2008)
• NED Energy completes Gulf Powerbeat buy - (7/4/2008)
• India seeks energy cooperation with Kazakhstan - (7/4/2008)
• Domestic JV to power BHEL overseas buys - (7/4/2008)
• Lanco to invest Rs 18,000 cr for hydro power by 2015 - (7/4/2008)
• BHEL, NPCIL to float N-power equipment JV
• REL's plea on nod to PPA between Tata Power and BEST adjourned
• BHEL bags Rs 50,000 cr order to supply critical equipments
• BHEL, NPCL floats JV for nuclear power projects
• Indiabulls Power receives LoI for Chattisgarh power plant
• BHEL, NPCIL to sign JV agreement on Friday
• NLC achieves all time high performance in lignite production
• PTC India ventures into wind energy sector
• NTPC, UP govt enter JV to set up power plant
• Suzlon Energy's US arm bags 200 MW order
• ADB to give $600 million loan to Power Grid Corp
• PFC floats consultancy arm

Oil and Gas Sector Updates:

• Assam Company for more aggressive in Nelp VII, to raise $ 250-300mn - (21/4/2008)
• Refining margins may pump up RIL net by 35% - (21/4/2008)
• SMEs hit legal hurdles at various stages of growth - (21/4/2008)
• Hong Kong's CLP seeks more natural gas for its project - (20/4/2008)
• Saudi welcomes Indian cos to invest in its energy sector - (20/4/2008)
• India wants to participate in Saudi oil exploration - (20/4/2008)
• ONGC launches redevelopment work on Mumbai High South field - (19/4/2008)
• India Oil wants to market aviation fuel in Sri Lanka - (19/4/2008)
• Govt postpones bidding date for 57 oil & gas blocks - (18/4/2008)
• No need to reveal basis for cheap petrol through cards: CIC - (18/4/2008)
• Govt likely to postpone NELP-VII bid date to May 9 - (17/4/2008)
• IOC refinery to lose tax rebate benefits under proposed Clause - (17/4/2008)
• Asian Naphtha: ONGC offers 35,000 T for May - (17/4/2008)
• Oil at $115 record as dollar, US fuel stocks fall - (17/4/2008)
• Jamnagar refinery ahead of schedule - (17/4/2008)
• Reliance pipeline co files SLP against Andhra HC stay - (17/4/2008)
• OIL, IOC signs pact for oil exploration in Yemen - (16/4/2008)
• RPL to complete Jamnagar refinery project ahead of Dec - (16/4/2008)
• India imports 38% more crude oil in 11 months of FY'08 - (16/4/2008)
• Oil regulator asks IGL to halt setting up new stations - (16/4/2008)
• Venezuela approves law taxing foreign oil companies' windfall profits - (16/4/2008)
• Shell may offer $6.7 bn for 30% stake in RIL's D-6 block - (16/4/2008)
• Tax rejig for gas firms may hurt RIL - (16/4/2008)
• IGL expansion plans put on hold - (15/4/2008)
• Oil scarcity hits Mizoram as tanker drivers agitates - (15/4/2008)
• China Gas, Gail to tie-up for Coal Bed Methane blocks - (15/4/2008)
• GAIL, Arrow may join coal gas project: China Gas - (15/4/2008)
• Aban Offshore gets contract worth about $34 mn - (15/4/2008)
• IOC to import 36 million tonnes crude in '08/09 - (15/4/2008)
• India to take up IPI project with Pak - (15/4/2008)
• RIL sees Saudi dreams in Jizan oil refinery - (15/4/2008)
• OVL qualifies for oil and gas contracts in Iraq - (15/4/2008)
• OMEL to partner Total in Nigeria - (15/4/2008)
• Musharraf wants involvement of China in IPI project - (14/4/2008)
• OVL qualifies for oil, gas contracts in Iraq - (14/4/2008)
• India to meet Pak on Apr 25 on IPI gas pipeline - (14/4/2008)
• Petronet to buy 15 more spot LNG lots this fiscal - (14/4/2008)
• RIL in talks with BG, Chevron, Exxon for stake sale - (14/4/2008)
• IOC losing Rs 320 cr per day on fuel sales - (14/4/2008)
• IOC fiscal '08-09 capex seen at Rs 75 bn - (14/4/2008)
• IOC wants fair share of KG gas - (14/4/2008)
• IOC, Petronet in joint talks with Exxon for LNG supply - (14/4/2008)
• Nelp-VII may fade into the distance - (14/4/2008)
• Government asks oil producers to rethink policy - (13/4/2008)
• LPG cylinders containing half of the specified gas: Haroon Yusuf - (13/4/2008)
• Borrowings going up every month, says IOC chief - (12/4/2008)
• Indian Oil takes LNG to doorsteps of companies - (12/4/2008)
• Govt for lifting RIL gas sale stay - (12/4/2008)
• Govt a party to RIL-RNRL case - (11/4/2008)
• OVL may get to dig 2 more blocks in Venezuela - (11/4/2008)
• RIL to sell up to 10% in KG basin - (11/4/2008)
• NTPC in talks with oil firms for blocks bid - (10/4/2008)
• RIL in talks with foreign firms to sell 10% stake in KG Basin D6 block - (10/4/2008)
• Reliance in talks with foreign firms on D6 block - (10/4/2008)
• L&T eyes new Cairn oil pipeline contract - (9/4/2008)
• India keen to partner IPI gas project: Iran - (9/4/2008)
• ONGC Videsh, Petroleos to develop oil field in Venezuela - (9/4/2008)
• BG to sell LNG in India later this year - (9/4/2008)
• Venezuela to supply 150,000 bpd of oil to Reliance - (9/4/2008)
• India, Venezuela sign gas and oil agreement - (9/4/2008)
• Energy tribunal APTEL raps petroleum sector regulator on lack of guidelines - (8/4/2008)
• IOC seeks June sweet crude - (8/4/2008)
• RIL team strikes oil in Yemen - (8/4/2008)
• OVL to sign pact for 40% stake in Venezuelan field
• RIL to make rigs, invest $2.5 bn in gasification project
• Green Power International eyes Rs 400-cr turnover by 2011
• Deora to meet Pak, Iran officials on gas pipeline issue
• OVL to invest $450 mn in Venezuela
• India, Turkmenistan ink MoU on cooperation in oil sector
• US to provide technical assistance to HPCL
• Jindal Drilling buys 49 pc in Singapore firm
• Deora asks PM to cut customs duty on crude oil
• HPCL awards May-Oct term naphtha; plus $15/tonne
• Natural gas regulator lays down retail rules
• Reliance strikes new gas find in Krishna basin
• GAIL signs contract for PMT gas
• 'Pak committed to IPI project'
• Gujarat Gas signs supply pact with GAIL India
• Reliance says finds more gas off east coast
• GAIL India to buy 17.3 mmscmd PMT gas
• OVL makes $1 bn offer for three blocks in Angola
• Oil regulator lays down criteria for city gas projects
• GAIL signs contracts to takeover PMT gas marketing
• RPL eyes $500 million for Jamnagar SEZ refinery

March 2008 Energy Sector Updates:

Power Sector:

- PFC floats consultancy arm

- Inverters, generators demand in NCR to grow by 30 pc

- NTPC gets investment cap waiver

- Power in Punjab cheap by 3.5 pc from April 1

- NHPC commissions all 3 units of Teesta-V

- HPDC to launch awakening campaign

- Three hydel projects of Narmada Valley to be assigned to NHEDC

- Rel Energy arm wins Rs 1,200-cr Rel Power deal

- Power Grid signs for $1.2 bn loan from ADB, World Bank

- PGCIL aims Rs 5,400 crore turnover in FY09

- ONGC to fuel NEEPCO's power plant in Tripura

- Nigeria invites Indian firms to invest in power sector

- GEI Industrial bags Rs 30 cr contract from Essar

- Reliance Power to seek shareholders nod for bonus issue

- Jyoti Structures bags Rs 253 cr contracts from Uganda Electricity Transmission

- XL Telecom bags Rs l53.9 cr order to supply solar panels

- Morgan Stanley buys 3.85% in Sujana Towers

- Reliance Power speeds up Sasan plan

- With level playing field you can't compete with NTPC: CMD

- Delhi will have surplus power by 2010

- New power project coming up in Kashmir

- Tatas, RPower submit RFQ for Rajpura Thermal Power Project

- Larsen & Toubro to add thermal power equipment capacity

- World Bank approves $600 million loan to Power Grid Corporation of India

Oil & Gas Sector latest Updates:

- GAIL signs contracts to takeover PMT gas marketing

- RPL eyes $500 million for Jamnagar SEZ refinery

- IOC to focus on cleaner fuels in FY'09

- Rajasthan asset costs at $1.8 bn: Cairn India

- BPCL files DRHP for JV setting up refinery in MP

- Oil prices below $105 in Asian trade

- Reliance, BG refuse to sign Panna/Mukta gas deal

- Govt in a fix over Reliance's decision to close petrol pumps

- India likely to sign deal for Iran projects in April: ONGC

- Bhagawati Gases enters into MOU with Russian co

- Gail to transmit 81.5 mmscmd of gas a day in 2008-09

- Australian construction co bags $720 mn contract from ONGC

- Reliance Industries to shut its retail petrol pumps

- BP may enter into pact with Cals for refinery at Kolkata

- HC notice to Centre, IOC on shortage of cooking gas

- IOC bags Petrofed's 'Oil & Gas Corporate of the Year' award

- GAIL awarded Oil & Gas Pipeline Transportation Co of the year

- MRPL to shut 120,000 bpd crude unit in March