RIL will expand energy exploration off east coast and plans to drill in East Timor, Yemen and Oman as well as add shale gas assets, Mukesh told shareholders.
"We are drawing up specific plans for mega investments in this (power) sec…
Indian Commerce and Industry Minister Anand Sharma Friday called for early conclusion of Doha Round for a global trade deal under the aegis of World Trade Organisation.
At the plenary session of the St Petersburg International Econo…
A fall in India's most valued company Reliance Industries dragged down benchmark index Sensex by 46 points, cutting short the long 7-day rally.
The 30-share index of the Bombay Stock Exchange opened on a strong note and surged 105 p…
India's second largest public sector lender, Punjab National Bank, is on an international
expansion spree to increase foreign revenue earnings.
According to PNB Chairman and Managing Director K R Kamath, the bank aims to double rev…
At a time when the leading telcos are drawing plans to offer 3G services, Mukesh Ambani-led RIL
Friday announced it can offer fourth generation (4G) wireless services after acquiring Infotel which bagged 20 MHz of Broadband Wireless Acces…
Alleging that some key global players were acting as a roadblock in international trade negotiations, a top US trade official has said the success or failure of the Doha Round depends on countries like India, China and Brazil.
"Tod…
Indian Commerce and Industry Minister Anand Sharma is leaving on Thursday on a 12-day tour which will take him to the US, Russia, Britain, France and Spain.
The first leg of his visit begins with the St Petersburg International Eco…
The World Bank has approved credit worth USD 372 million for two projects related to coastal zone management and water supply and sanitation in south Indian state Karnataka.
While USD 222 million will be provided for the Integrated …
The rupee lost 8 paise to 46.62 against the dollar in early trade on Thursday as the US currency remained firm against the major world currencies in overseas markets.
The rupee had closed flat at 46.54/55 against the dollar in the p…
The Bombay Stock Exchange benchmark Sensex on Thursday opened higher by 44 points on buying by
funds in heavyweight stocks amid a mixed pattern in the Asian region.
The 30-share index, which had gained 50.04 points in the previous…
Madam Akua Wood, a businesswoman based in the United Kingdom (U.K.), has registered and paid the full premium for 41 women sheanut pickers from Gumu, a suburb of Tamale, under the National Health Insurance Scheme (NHIS).
She would al…
Zimbabweans are looking forward to airing their views on the new constitution following the launch of the outreach program by Zimbabwean leaders in Harare on Wednesday this week.
The outreach program, which is meant to gather people's vie…
The US is tremendously benefiting from doing business with India as 372 acquisitions worth USD 21 billion and 127 greenfield investments worth USD 5.5 billion by Indian companies has created nearly 60,000 jobs between 2004 and 2009, a repo…
STX Engineering and Construction, a South Korean
firm, registered in Ghana as a limited liability company, has expressed commitment to establish a steel and cement plant in the country to
facilitate its Ghana Housing Project.
The…
Ghana Chapter of American Chamber of Commerce (ACC), is to assess and evaluate the impact of American businesses in the Ghanaian economy.
The assessment began with the signing of a Memorandum of Understanding between ACC and Imani Ce…
The GSE All-Share Index, the benchmark measure of
performance of the Accra Bourse, sustained its gains on Friday, rising 86.05 points to close at 6,616.20 points from 6,530.15 points.
Shares that changed hands closed the session fou…
The International Finance Corporation, (IFC) has pledged its continued assistance to Ghana's development goals by supporting infrastructure for oil, gas, mining and telecommunication and other sectors.
The member of the World Bank Gr…
Government is expected to reduce its dependency on donor support considerably by 2012, with the establishment of Ghana Revenue Authority (GRA), mandated to oversee all revenue agencies and to formulate policies for income mobilisation.
…
The GSE All-Share Index, the benchmark measure of
performance of the Accra Bourse, made its first gain on Thursday to reverse some of its recent losses, going up 96.24 points to close at 6,530.15 points from 6,433.91 points.
Shares …
The Youth in Mining Module of the National
Youth Employment Programme (NYEP) has been launched at Akwatia.
The programme would focus on creating jobs, mostly small-scale ventures, for the youth in mining communities.
IT would …
The following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Thursday, June 17, 2010.
GHANA CEDI EQUIVALENT …
The formal opening of the Kpando branch of the Agricultural Development Bank (ADB) on Thursday will change the scales in business development in the area into a more vigorous one, Francis Ganyaglo, District Chief Executive, the District Ch…
The Cocoa Swollen Shoot and Viral Disease Control Unit (CSSVDCU) of the COCOBOD has implemented vigorous cross-cutting initiatives to rehabilitate and maintain cocoa farms.
This would help the country to also reclaim the number one po…
HFC Bank (GH) Limited is zealously positioning itself to leverage on its electronic platform to provide customers with good and reliable quality services that meet their demands.
Speaking in an interview with the GNA on e-banking serv…
The Timber and Woodworkers Union, has protested against the recent increases in electricity and water tariffs, saying, it would badly hurt the timber industry.
A statement signed by the General Secretary, Joshua Ansah, in Kumasi said …
Nana Otuo Acheampong, Head of Faculty of Corporate Reporting and Investment Banking at National Banking College, on Tuesday called for the merger of the four financial regulators into single unit regulatory regime.
He said a single r…
Mr Yu Wenzhe, out-going Chinese Ambassador to Ghana, has re-affirmed China's support to Ghana's socio-economic development.
Mr Yu made the affirmation during a courtesy call on Mr Alban S.K. Bagbin, Minister of Water Resources, Works…
The Eastern Regional Council of the Timber and Wood Workers Union (TWU), says the recent increase in tariffs by the Public Utility Regulatory Commission (PURC), will have a negative effect on the wood industry.
At an emergency meetin…
The Agricultural Development Bank (ADB) is poised
to expand its operations into areas where potentials for agricultural production are high.
This is to ensure that the average farmer would not travel far to access credit.
Mr…
Shares of UT Financial Services would now trade under the name of a new entity UT Bank.
This follows the listing on Wednesday of 91 million shares issued to acquire UT Bank and the consequent change of name on the Ghana Stock
Excha…
Micro and Small Scale Entrepreneurs have been urged to protect their creativity by registering their products and services under intellectual property rights, to enable them have exclusive rights over their innovations.
Mr Kwame Fosu…
The following are the average inter-bank exchange
rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Wednesday, June 16,
2010.
GHANA CEDI EQUIVALE…
A two-day workshop on advocacy, monitoring and evaluation for implementation of community action plans initiated by Abono Organic Farming Projects (ABOFAP) under the auspices of Care International-Ghana, has ended.
The workshop organ…
Deputy Minister of Energy, Armah Kofi Buah, on Wednesday said government would ensure that companies operating in the oil and gas sector adhered fully to environmental laws governing the sector.
Speaking at the signing of a petroleu…
Ghana Revenue Authority (GRA), the body mandated
to oversee and regulate activities of all revenue agencies has launched its vision statement and logo with a promise to effectively raise money for nation building.
The agencies whic…
The GSE All-Share Index suffered a further
decline on Wednesday, going down 41.8 points to close 6,433.91 points from 6,476.54 points.
Traded volumes closed the session lower at 314,621 shares valued at GH�492,332.77.
On th…
More than 120 buyers have already registered for
DISCOP AFRICA 4, scheduled for September 1- September 3, in Nairobi, Kenya.
A statement issued and copied to Ghana News Agency in Accra on Wednesday said DISCOP AFRICA 4, would focu…
BP has collected about 127,000 barrels of oil from the Gulf of Mexico spill since installing a container cap June 3, the company said Monday.
In addition, workers transferred about 115,000 barrels of collected oil from storage on the Disc…
Mainland China and Taiwan have completed a third round of trade negotiations that could lead to lower tariffs on hundreds of products, trade officials said.
The list of items set for import tax reductions includes 200 products from mainla…
Workers returning to their jobs after a strike were intentionally slowing down factory production, Honda Motor Inc. in China said Monday.
Management at the Honda Lock plant in Zhonhgshan offered workers raises of $30 per month, which ende…
Almost $1 trillion in mineral deposits -- much more than previously believed -- have been discovered in Afghanistan, The New York Times reported.
U.S. officials said the vast amount of metals could turn the war-ravaged country into a worl…
U.S. markets rose early Monday, following an upswing in Asia and Europe, as France joined a growing list of countries proposing to cut government spending.
The French austerity package would cut spending and raise revenue for a combined s…
The Dormaa Municipality is to cultivate a total of 300 hectares of cereals and tomato, this year, under the government's on-going block farming projects.
Three hundred youth in the municipality would also be engaged to cultivate unsp…
Indians are the third fastest growing foreign investors in the United States, a top Obama Administration official said on Monday, acknowledging the positive contribution of India in the US economy at the time of recession.
"India is…
The GSE All-Share Index slipped again on Tuesday, losing 36.91 points to close 6,476.54 points from 6,513.45 points.
Traded volumes closed the session seven times higher at 750,336 shares valued at GH�390,246.31 compared with 144,9…
Mr. Jonathan Adabre, the Upper East Regional Manager of the Integrated Social Development Centre (ISODEC), has appealed to the government to commit resources to bridge the development gap
between the north and the south.
He sai…
The following are the average inter-bank exchange
rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Tuesday, June 15, 2010.
GHANA CEDI EQUIVALENT…
The Bhopal gas tragedy and developments following it should not become an impediment in seeking American investment in India though the issue of
liability in case of an industrial accident should be resolved, noted industrialist Rajan Bha…
Governments largely restrained themselves from initiating trade restrictions, even as India, Argentina and China were among the top initiators of anti- dumping probes during January-April 2010, a report said on Monday.
During the fi…
India and China are expected to see the highest-ever rise in private equity investments from new and existing investors over the next two years, a survey by global PE firm Coller Capital said.
As per the bi-annual survey of trends i…