3. If the no-objection certificate is received from these 10 PSCs, the deal can get the green signal. We have written to Cairn stating that they should seek these approvals. So far, there has been no response.” he noted.
4. State run-Oil and Natural Gas Corporation (ONGC), will make a joint bid for British Petroleum’s Vietnam assets with Petrovietnam, as the ongoing talks have proved to be positive.
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6. ONGC and oil marketing company Indian Oil Corporation, will divest 20% of its share and the proposed disinvestment will take place in two phases with the government divesting 10% share that it holds in IOC and 5% in ONGC.
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10. Social networks, location-based services on mobile phones and a host of other innovations have greatly increased our ability to share large amount of personal information online. Yet, it leaves us vulnerable to the scrutiny of criminals, companies and control-freak governments.
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12. Strong encryption is currently used in traditional VPNs (virtual private networks) also to protect corporate, government and law enforcement communications.
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14. Durable makers such as Godrej & Boyce, Samsung and Videocon have said that they would rather absorb the high costs than play party pooper for their consumers.
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16. However, considering that companies in the consumer durable industry operate on wafer thin margins, it will be difficult for companies to hold on to the price line for long. After festive season, the industry would take a call on whether product prices need to be revisited.