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Andhra to invest Rs 160 crore for exploration
The Andhra Pradesh government, which won four oil blocks in the VIII round of the New Exploration Licensing Policy (Nelp) bidding on Monday, will invest about Rs 160 crore in oil and natural gas related activities over the next five years.

Gokarn hints at reversal in policy stance
The Reserve Bank of India’s (RBI’s) next policy move is likely to indicate a shift in stance, newly-appointed Deputy Governor Subir Gokarn has said.

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Pest industry may take 15% hit if monsoon fails to revive
The Indian pesticides industry is eagerly looking forward to August 15. Not for the usual celebration of the Independence Day, but for a different reason. It expects the monsoon to recover by this time. If not, its bottom line this year would be hit.
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Cong-JVM (P) combine leads in Jharkhand polls

The Congress-JVM(P) alliance was leading in 20 seats and the BJP-JDU combine was ahead in 19, according to trends available for 70 seats in the 81-member Jharkhand Assembly. - Prez approves dissolution of Jharkhand Assembly - Congress wins Manipur assembly by-election - Compulsory voting: BJP calls for national discussion - Modi"s law on compulsory voting fails to enthuse EC - Lalu for making voting compulsory in LS, assembly polls - Polling begins in TN assembly bypolls JMM, a former UPA partner which contested the poll on its own, was leading in 12 seats. JMM chief Shibu Soren had already said that his party was open to a post poll tieup. The Congress was leading in 10 seats and ally JVM-P of former chief minister Babulal Marandi in 10. BJP is leading in 17 seats and ally JDU in two. The AJSU, which also contested sans alliance, was leading in two seats. The CPI(ML-L) was ahead in two. Former chief minister Madhu Koda"s wife Geeta Koda was leading from the Jagannathpur assembly constituency which was twice represented by her husband. Among those trailing were Jharkhand Pradesh Congress Committee chief Pradeep Kumar Balmuchu from Ghatshila, Assembly Speaker and Congress candidate Alamgir Alam in Pakur, deputy chief minister and Congress candidate Stephen Marandi from Dumka. JMM chief Shibu Soren"s son Heman Soren was in third position in Dumka where Lois Marandi of the BJP is leading.


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