Why Nomura is suddenly positive on India
In a gloomy economic condition, Nomura is saying exactly what the market wants to hear. If India can fix its policy issues soon, growth is not too far away. The falling commodity and oil prices are already a welcome news for the metals and oil and gas sector.
Reliance Industries, BP submit plan to augment KG-D6 production
New Delhi: With gas output from its flagship KG-D6 fields dipping to an all-time low, Reliance Industries chairman Mukesh Ambani said the company will invest over $5 billion in "a series of projects" to reverse the trend. RIL and its British partner BP Plc have submitted to the government plans to bring to production satellite fields in the eastern offshore KG basin block to raise ...
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