Russia has rejected special tax concessions to Indian government-owned Oil & Natural Gas Corp's (ONGC) Siberia-focused firm Imperial Energy. India had been pressing for tax concessions to Imperial Energy to make up for the prohibitively high cost of extraction from tight oil assets in Siberia because of bad terrain, cold climate and killer taxes.
Tag: Russia
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OVL eyes stake in Arctic Ocean projects
Reports suggest that ONGC Videsh (OVL) is interested in picking up stake in the oil and gas exploration projects in Arctic Ocean and expand in Siberia and Far East Russia.
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SSTL inks deal with Ericsson for four circles
Telecom operator Sistema Shyam Teleservices (SSTL), which offers services under MTS brand, has signed a three-year managed services deal with networking gear maker Ericsson for four circles.
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Infrastructure players need to attain scalability to be accepted by the capital market investor
As one of India's larger infrastructure funds, the company has believed in investing in the high-growth sectors.
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Five companies bid for NTPC's Rs 9,000-crore tender
Five firms have bid for NTPC's Rs 9,000-crore tender for supply of nine units of supercritical power equipment including Bharat Heavy Electricals etc.
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NHPC's MoU with Russian co
National Hydro Power Corporation has informed BSE that the company has signed a MoU with Russia's largest power generating company JSC RusHydro.
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River sea: Seamless navigation
River-sea shipping is non-existent in India despite a change in the MS Act to that effect two years back. Captain Philip Mathew explains why seamless navigation between sea and rivers has a transformational capability.
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New focus on water
Germany-headquartered industrial equipment maker Mann & Hummel, which is setting up a new manufacturing facility in Bawal, Haryana, has a new leader in India.
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