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ONGC net profit up 23%
Higher crude price realisation, coupled with lower fuel subsidy, has helped Oil and Natural Gas Corporation (ONGC) post a 23 per cent jump in net profit for the quarter ended December 31. Net profit was Rs 3,054 crore, compared to Rs 2,475 crore in the same quarter last year. Net sales for the quarter rose 23 per cent, to Rs 15,314.5 crore.

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DoT to review MNP preparedness at Thursday meeting
With its own public sector undertakings (PSUs) expressing inability to meet the deadline to implement the mobile number portability, the government has called a meeting of the stakeholders on Thursday to review their readiness for Mobile Number Portability (MNP) implementation.

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Commexes sales can grow to Rs 80 lakh-cr in '10: FMC
The commodity market regulator Forward Markets Commission (FMC) today said bourses can achieve the turnover target of Rs 80 lakh crore if resumption of forward trading in rice, urad, tur and sugar and launch of options and indices are allowed.
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India mulling deeper exploration of water on moon

Euphoric over finding traces of water by a Chandrayaan payload, confirmed by NASA"s spacemate onboard the country"s maiden moon mission, India is mulling exploring lunar surface deeper for water in its next Odyssey. - Chandrayaan-I finds water on moon - Chandrayaan-1 was 110% success, says ISRO chief - Chandrayaan captures halo around Apollo-15 landing site - Data from Chandrayaan-1 being used for second moon mission - Satellite being designed to connect villages: ISRO - Chandrayaan-1 confirms lunar magma ocean hypothesis "What data we have got is really exciting. We want to see what further additions we can make to Chandrayaan-II"s payload. We will definitely revisit the scientific objectives", Indian Space Research Organisation (ISRO) Chairman G Madhavan Nair told reporters here. ISRO was exploring a "mid-course correction" of the Chandrayaan-II"s objectives, Nair said a day after the discovery of evidence of traces of water was announced by NASA in Washington and ISRO here. Nair said ISRO was considering going deeper during Chandrayaan II, like landing a rover and drilling the surface to detect if there was any presence of water underneath the moon"s surface. "I think there is a strong interest that we should have more instrumentation for water. But we will look at it," the top scientist said. Asked if Chandrayaan-II mission would be advanced, he said, "Moon has become exciting following the findings of water. But we cannot rush through the second mission. We will stick to the time line of 2013."


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