State-run oil and gas companies in India plan to pool their resources to bid for the Libra field, located 180 km off the coast of Rio de Janeiro in the Santos basin, Brazil.
Tag: Brazil
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From a cost to a value-add
Improving efficiency, reliability, flexibility and innovation should be the focus of our slow-growth, high-demand logistics systems, writes Vivek Kumar.
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Action: Bric by bric
The Cabinet Committee on Investment is moving steadily in the direction of unwinding gridlocks. After the last meeting this month with banks P Chidambaram has initiated them to highlight the funded projects which are stuck due to clearances. The banks have moved with alacrity and their first such meeting took place in Bangalore hosted by Canara Bank
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Action: Bric by bric
The Cabinet Committee on Investment is moving steadily in the direction of unwinding gridlocks. After the last meeting this month with banks P Chidambaram has initiated them to highlight the funded projects which are stuck due to clearances. The banks have moved with alacrity and their first such meeting took place in Bangalore hosted by Canara Bank
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BRICS to set up development bank for infra projects
At the recently concluded BRICS summit in Durban, Brazil, Russia, India, China and South Africa decided to set up a development bank to finance infrastructure projects in these countries. But the countries have not decided the size of the proposed bank, leaving it to finance ministers to nego
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India, Brazil to sign pact on cooperation in steel sector
The Minister of Steel, Beni Prasad Verma has said that a Letter of intent has been signed recently in February, 2013 between Ministry of Steel, Govt. of India and Ministry of Mines and Energy, Federative Republic of Brazil to promote and expand bilateral relations in mineral and steel sector. Next step is to sign a Memorandum of Understanding (MoU) between the Government of Brazil and Gov
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Indian delegation signs LoI with Brazil govt
An Indian delegation led by union steel ministry signed
a letter of intent (LoI) with Brazilian government to strengthen cooperation between the two nations in steel and mining sectors. Executive Secretary (Mines and Energy), Government of Brazil signed the agreement on behalf of that country. The two countries have emerged as large markets after China in terms of their growth potential among the dev
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Chennai metro rail seen by April 2014
The Chennai Metro Rail service may commence operÂation between the Koyambedu-St Thomas Mount stretch by March-end or early April 2014. By the end of November 2013, Chennai Metro Rail (CMRL) plans to test run a full-length four-car metro train with a functional signal system. By late August or early September, CMRL plans to put on trial the front car comprising the engine on the elevated corridor.
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Petrobras to increase exports to India
Brazilian national oil exploration firm Petrobras is in negotiations to increase crude oil exports to Indian refineries. Increasing export quantities to India would depend on negotiations.
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Cold chain: Finally warming up to India?
India’s agricultural infrastructure, and in particular its fledgling cold chain industry, may have caught investor attention, particularly after news of farm produce rotting because of lack of suitable storage infrastructure.