APN News

  • Saturday, April, 2024| Today's Market | Current Time: 03:10:50
  • Price hike to help monetise 3 Tcf of gas finds: Moily

    Stoutly defending the hike in gas prices, Oil Min M Veerappa Moily has said the move will help bring to production over 3 Trillion cubic feet of gas reserves that had been declared economically unviable at current rates of USD 4.2. Several gas discoveries of firms like Oil and Natural Gas Corp (ONGC) and Reliance […]

    TRAI may get power to penalise service provider under new bill

    The govt has mooted a proposal for giving powers to telecom and broadcasting sectors regulator TRAI to penalise service providers for failing to comply with rules and regulations. The Telecom Ministry in an ongoing inter-ministerial consultation has said that “jurisdiction to impose penalties through a transparent process for default in compliance with its orders and […]

    PMO seeks clarification on Jet-Etihad deal

    The Prime Minister’s Office has sought clarifications from ministries concerned, including Commerce and Industry, on the proposed Rs 2,058 crore Jet- Etihad deal. The deal, largest foreign investment proposal in the aviation sector, is facing regulatory hurdles with various ministries raising major concerns over the ultimate control of Jet Airways post transaction. Government sources said […]

    Govt invites offers from 9 firms for CIL restructuring

    The Coal Ministry has invited proposals from nine shortlisted firms, including ICICI Securities, KPMG, Ernst & Young, McKinsey, Deloitte and Crisil, for restructuring of state-run miner Coal India. “Invitation to respond to the RFP (Request for Proposal) is open to the nine firms,” the Coal Ministry said. The ministry further said it will select a […]

    Obama to US media: ‘Behave’

    One element of President Barack Obama’s Africa policy is to encourage a free press, although he offered repeated reminders for US reporters travelling with him on the continent to be on their best behaviour. “Americans, behave yourselves,” he needled on Saturday as a contingent of US and South African media was pulled from a quick […]

    Sharif to send Pak Power Min to India to tackle energy crisis

    Pakistan’s Prime Minister Nawaz Sharif has directed his Water and Power Minister to India to address the severe energy in the country. “We are facing acute electricity shortage and any assistance in the power sector will help us in addressing the problem,” Sharif said while speaking to members of the Pak-India Joint Business Council at […]

    Mandela battles for life as well-wishers pray for recovery

    Anti-apartheid hero Nelson Mandela’s condition remains “critical but stable” on the 23rd day of his hospitalisation for a recurring lung ailment, even as a stream of people continued to flock the hospital here to pray for the recovery of the 94-year-old former president. Well-wishers were singing and saying prayers outside the Mediclinic Heart Hospital here […]

    Flood situation worsens in Assam, 43 more villages submerge

    Flood situation in Assam worsened on Sunday with 43 more villages in three districts getting submerged, while water entered the Kaziranga National Park where an antelope was killed, officials said. About 65,000 people of 170 villages in seven districts – Dhemaji, Tinsukia, Golaghat, Jorhat, Kamrup, Karimganj and Lakhimpur – were affected. However, there was no […]

    We will never know the exact number of dead, says U’khand CM

    The exact number of people dead or washed away (In Uttarakhand flood) may never be known, Uttarakhand Chief Minister Vijay Bahuguna said on Sunday as estimates of casualties in the worst natural disaster in the state run from several hundreds to several thousands. “We will never know the exact number of those dead and the […]

    Support to DMK candidate restricted to recent RS polls: Congress

    Congress’ support to DMK candidate Kanimozhi was only restricted to the recent Rajya Sabha polls and a decision on the alliance for 2014 Lok Sabha polls would be taken later, AICC General Secretary Mukul Wasnik said on Sunday. “Our decision to support DMK was only for the Rajya Sabha polls. We cannot say anything more. […]