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Country’s leading explorer, Cairn India has said that its Mangala, Bhagyam and Aishwariya (MBA) oil fields in the Rajasthan block hold 2.19 billion barrels of inplace oil reserves at the end of financial year 2013. At the end of previous fiscal, the MBA fields held 2.090 billion barrels of inplac ...

KHOBAR, Saudi Arabia  - State-run Saudi Aramco has awarded Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gas field, state news agency SPA reported.

The world's top oil exporter is boosting its output of the natural gas needed to meet rapi ...

Market Eye - Barclays Capital now expects another 75 bps of rate cuts over the rest of 2013 versus its previous call of 25 bps in easing due to slowing inflation and weakening economic growth.

BarCap says in a note it sticks to its call the RBI will cut interest rates by 25 bps in June, but expects 50 bps in ...

Market Eye - The BSE Sensex falls 0.06 percent while the broader Nifty is down 0.2 percent, heading for a second day of decline.

Analysts said some consolidation was due for domestic markets after the BSE Sensex rallied about 11 percent since mid-April due to strong foreign inflows.

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Anil Ambani led Reliance Infrastructure Ltd (RInfra) is planning to pull out of projects worth Rs 20,000 crore as various regulatory hurdles not only leading to delay those projects for an indefinite period but also threaten to derail company’s profitability amid rising finance costs. “Four ...

MUMBAI - The Reserve Bank of India said on Monday it has cut the time that exporters have to bring back into the country the value of goods or software they have exported to nine months from 12.

It said its new guideline will take effect immediately and will be valid until the end of September.

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MUMBAI / NEW DELHI - Essar Oil Ltd will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina.

Essar Oil could sign a preliminary agreement with China Development Bank (CDB) on Tuesday ...

By Archana Narayanan

MUMBAI  - Foreign investors bid heavily in an auction for quotas to buy government bonds on Monday, even after Standard & Poor's reiterated its "negative" outlook for the country, as a cut in a key debt investment tax has contributed to a rally in markets.
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Kolkata-based diversified form, Birla Corporation today posted 26 per cent growth in its net profit for the quarter ended March 31, 2013 at Rs 72.6 crore. The corporation’s net profit for the same quarter previous fiscal stood at Rs 57.5 crore, the Birla Group’s company said in a filing to ...