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RIL discovers third gas reserves in KG basin
Reliance Industries (RIL), the country’s largest private sector company, has announced its third successive gas discovery in the exploration block KG-DWN-2003/1 (KG-V-D3), of NELP-V. The deepwater block KG-DWN-2003/1 is located in the Krishna basin, about 45 kilometers off the coast in the Bay of Bengal. The block covers an area of 3288 square kilometres. RIL holds a 90 per cent participating interest (PI) and Hardy Exploration and Production India Inc holds the rest.

US markets end mixed
The US markets ended on a mixed note. Dow Jones closed at 10,390, higher by one point, Nasdaq ended at 2,189, lower by four points and the S&P shed two points or 0.25% at 1,103.25.

News of the day

Per-second tariff to be compulsory: Trai
The Telecom Regulatory Authority of India (Trai) is planning to make the one-second pulse a mandatory tariff option for all operators, a move that will benefit consumers by potentially reducing call charges and adding transparency to their tariff plans.
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Govt to raise Rs 97,000 cr through T-bills

The government today said it will raise Rs 97,000 crore in the last quarter of the fiscal through treasury bills, which are short-term bonds. - Fiscal deficit rises by 73% till Nov - No sign of pension reforms in 2009 - Govt seeks public opinion on draft consumer policy - Telangana issue: Centre calls meeting on Jan 5 - Govt okays 9 FDI proposals worth Rs 524 cr - Jharkhand will have two deputy CMs again The government plans to sell the money market instruments worth Rs 33,000 crore in January, Rs 31,000 crore of T-bills in February and another lot of Rs 33,000 crore in March, it said in a statement today. Most of the T-bills planned for auctions during January to March are of 91-day duration, while others are of 182- and 364-day durations. T-bills are used to finance the short term requirements of the Indian government. Raising of money through short-term instruments assume importance since the Centre"s fiscal deficit is projected to be around 6.8 per cent of the GDP.


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