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T N Ninan: The cost of caprice
Serious economies cannot behave irresponsibly. That is the lesson to be drawn from the international fallout of our domestic telecom scandal. Within a week of the Supreme Court cancelling 122 telecom licences because of how they were issued, Bahrain Telecommunications Company has pulled out its investment in S Tel, and Etisalat of the UAE has written off investment of $827 million in Etisalat DB, in

US oil and gas M&A jumps in 2011
Interest in U.S. energy companies spiked in 2011 as buyers clamored for more access to oil-rich layers of North American shale, a consulting and accounting firm said Wednesday.

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ONGC profit falls 5%, subsidy costs weigh
Oil & Natural Gas Corp (ONGC) posted a five per cent drop in third quarter net profit, as a sharp rise in provisions for subsidy payments offset higher selling prices for oil and gas.

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Memory plus

The pricing formula for gas produced by Reliance Industries from the D6 basin off the Andhra coast may have been at the centre of many controversies and condemnation till recently, but an unlikely

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ONGC official held for bribe sent to judicial custody
A CBI special court here Wednesday sent an official of the Oil and Natural Gas Corp (ONGC) to 14-day judicial custody for taking a bribe of Rs.40,000 from a contractor.

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ONGC's third quarter net profit down five percent
Oil and Natural Gas Corporation (ONGC) Wednesday reported a 4.82 percent decline in its net profit for the quarter ended Dec 31, 2011 at Rs.6,741.41 crore from Rs.7,083.23 crore in the like period of 2010-11.

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