Cairn India sells stake, raises $1.6 billionOctober 15th, 2009 MUMBAI - Rajasthan crude oil fields operator Cairn India Thursday said it had sold a 2.3 percent stake to Malaysian oil major Petronas and raised $1.6 billion through domestic and overseas channels to repay an existing debt and fund further investment needs. The Cairn India scrip rose 3.45 percent to Rs.289 on the news, before slipping to Rs.284.20 around 11.20 a.m.
Rajasthan atomic power station's second unit resumes operationsSeptember 1st, 2009 MUMBAI - The 200-MW unit 2 of the Rajasthan Atomic Power Station (RAPS), shut down since July 2007, resumed operations Tuesday after feeder replacements and obtaining required fuel, officials said. The first pressurised heavy water reactor in India, it will operate at full power on imported natural uranium, a spokesperson for Nuclear Power Corporation of India Ltd (NPCIL) told IANS here.
Ancient sculpture seized in Rajasthan: CBIJuly 24th, 2009 NEW DELHI - The Central Bureau of Investigation Friday said it has seized an antique stone sculpture, dating from the ninth century AD and worth about Rs.10 million, in Rajasthan and arrested the man trying to sell it. A senior CBI official said the sandstone sculpture, weighing 3.5 quintal and having a height of 47.5 inches, is in the form of a shivaling with four images of Shiva, Vishnu, Brahma and Surya in four cardinal directions.
ONGC will invest $730 mn in Cairn's Rajasthan blockJuly 13th, 2009 NEW DELHI - The state-run Oil and Natural Gas Corp. Ltd will invest $730 million in a Cairn India block in Rajasthan, despite expecting negative returns, Petroleum Minister Murli Deora said Monday.
Chemicals sector attracts highest foreign investmentJuly 12th, 2009 NEW DELHI - Despite the global slowdown, the chemicals sector witnessed the highest growth in foreign investment in 2008-09, says a report by an industry lobby. The report by the Associated Chambers of Commerce and Industry of India (Assocham) released Sunday said the chemicals sector (other than fertilisers), attracted $749 million last fiscal as compared to the $229 million it attracted the previous year - an increase of 227 percent.
Monsoon progresses further into north IndiaJuly 1st, 2009 NEW DELHI - The southwest monsoon Wednesday advanced further into northern parts of the country, causing rain in Punjab and Haryana, Met officials said here. "The monsoon has further advanced into remaining parts of Punjab, Haryana and isolated parts of north Rajasthan.
Honda to set up another engine plant in RajasthanJune 17th, 2009 Kochi (Kerala), June 17 (ANI): Honda Siel Cars India (HSCIL), a subsidiary of Honda Motor, Japan, plans to set up an engine manufacturing and car assembly plant at an investment of around Rs. 1600 crores in Rajasthan.
Heat wave predicted in north IndiaMay 19th, 2009 NEW DELHI - A severe heat wave is are expected in many parts of northern India for the next two days, the weatherman said Tuesday. The India Meteorological Department (IMD) has forecast that the heat wave will be in many parts of northern Rajasthan, Punjab, Haryana, Delhi and western Madhya Pradesh.
Heat wave in Rajasthan and New DelhiMay 1st, 2009 KOTA/NEW DELHI - Rising mercury has made life difficult for residents in Rajasthan and New Delhi. With maximum temperature hovering around 45.4 degrees Celsius, Kota city is the second highest heat affected region in Rajasthan.
Rajasthan Royals axe Kaif, seven others from IPL 2 squadApril 15th, 2009 NEW DELHI - The Rajasthan Royals, which won last year's inaugural Indian Premier League (IPL) Twenty20 tournament, has axed former Test player and Uttar Pradesh captain Mohammad Kaif and seven other players from the squad that will do duty in the second edition. They will now fly back to India.
Quake rocks western Rajasthan, 3 injuredApril 9th, 2009 NEW DELHI - Western Rajasthan was jolted by a medium intensity earthquake early Thursday morning, a meteorological department official said. The earthquake, measuring 5.3 on the Richter scale, was experienced in Jaisalmer and Barmer districts in western Rajasthan.
January was Delhi's warmest in 19 yearsFebruary 3rd, 2009 NEW DELHI - The average temperature in the national capital this January was the highest during the past 19 years, the India Meteorological Department Wednesday said. 'The average temperature of 15.3 degrees Celsius in January is the highest during the past 19 years.
Shilpa joins IPL bandwagon, buys stake in Rajasthan RoyalsFebruary 2nd, 2009 MUMBAI - Shilpa Shetty Tuesday became the latest Bolywood star to join the Indian Premier League (IPL) bandwagon when she and London-based NRI businessman Raj Kundra bought a 11.7 percent stake in league champions Rajasthan Royals. The couple has invested $15.4 million in the team, which was bought by London-based Emerging Media Group for $67 million.
R-Com launches GSM services in RajasthanJanuary 5th, 2009 JAIPUR - Reliance Communications (R-Com), India's only telecom service provider to offer GSM and CDMA services nationwide, has launched mobile GSM services in over 1,450 towns and more than 10,000 villages in Rajasthan. The company also launched a first-of-its-kind Customer Experience Programme (CEP) for subscribers opting for its GSM services, which offers up to 100 percent savings to sub-Rs.300 Average Revenue Per User (ARPU) mobile customers for a one-time subscription charge (including GSM SIM) of Rs.25.
Soni to flag off Royal Rajasthan on Wheels next monthDecember 29th, 2008 NEW DELHI - Royal Rajasthan on Wheels, a regal train chugging across the land of maharajas in western India, will start its maiden journey Jan 11 when it will be flagged off by Tourism Minister Ambika Soni. The train, according to the Rajasthan Tourism Department, will be a landmark in terms of comfort, luxury and service.
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