This negative attitude can result in India having no incremental domestic gas production in the future. Also, this increase in gas prices will automatically mean higher royalty for the government, so it’s really difficult to comprehend this move,” he said. Deven Choksey, MD, KR Choksey Securities, also criticised the move. “This flip-flop in policy will scare away investors from the entire oil and gas space as it’s not just negative for RIL but also for ONGC and OIL India, which had attracted investors after the earlier decision to hike gas prices but will now prefer to exit. Instead of providing and sticking with a clear policy framework that makes India independent of expensive gas imports, the government’s shifting stance will be very negative for the sector,” he said.
Finance Latest News: Stocks Drift Lower Before Fed Releases Minutes
Log out of Facebook How to remove this experience Finance Latest News: Stocks Drift Lower Before Fed Releases Minutes Link 13 hours ago, Wochit Stocks drifted lower ahead of the release of minutes from the Federal Reserve’s latest policy-meeting. Federal Reserve officials expressed concern about how well the central bank was conveying its policy intentions to a jittery investing public, according to minutes from the most recent meeting. Billionaire investor Carl Icahn says he will ask a Delaware judge to assess whether a proposed $24.4 billion acquisition of Dell represents a fair price for the struggling personal computer maker. It is Icahn’s latest attempt to wrangle a higher offer from buyout group that includes company CEO Michael Dell.
Egypt Presidency Taps Former Finance Minister El-Beblawi as PM
(Passkey) of Waltham, MA. Passkey is the travel industrys most recognized group reservation and optimization technology provider. The Companys core product, GroupMAX, is the only Software as a Service (SaaS) solution that is deployed to power reservations for all sizes of meetings across a wide range of event settings including Convention & Visitor Bureaus (CVBs), corporations, travel management companies, casinos, and both independent and brand hotels. (www.passkey.com) Founded in 1996, Passkey has grown to serve over 90% of the North American CVB market and today GroupMAX is deployed at over 700 hotels worldwide.
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El-Beblawi served as a finance minister in the transitional period after the 2011 removal of Hosni Mubarak . He inherits a polarized nation reeling from the ouster of Mohamed Mursi, an Islamist who last year became Egypts first democratically elected civilian president. His appointment was announced by the presidency of Adly Mansour today in an e-mailed statement. A critic of Mursis economic policies, El-Beblawi will take ownership of an economy stuck in the worst slowdown in two decades, record unemployment and the highest budget deficit in the Middle East. To contact the reporter on this story: Alaa Shahine in Dubai at email@example.com To contact the editor responsible for this story: Andrew J.