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Petroleum secretary S. Sundareshan will meet the CEO of the two firms again on Monday to take the talks forward. Cairn is seeking govt's nod on its $9.6-bn deal with Vedanta.

 
 
Reliance Industries announced a 28.14 per cent growth in its net profit at Rs 5,136 crore for the third quarter of the current financial year.
Indian Oil Corp is losing Rs 1.22 per litre on petrol despite last week's Rs 2.50 a litre hike in prices, as crude oil rules at two-year high levels.
 
 
In a brazen violation of official norms, power giant NTPC Ltd wants to import coal on a cost and freight (CFR) basis instead of the free-onboard method.
The government plans to sell 5 per cent of its shareholding in the country's biggest energy explorer in March to garner about Rs 13,500 crore.
Once all 22 wells come onstream sometime in April 2011, gas output will again touch 60 mmsmcd, DGH Director General SK Srivastava said.
Under the solar power purchase obligation, states may start with 0.25 per cent in Phase-I, which stretches to 2013 and go up to three per cent by 2022.
A senior government official said on Tuesday that NIOC (National Iranian Oil Co) is ready to accept payments from Indian oil firms through the EIH Bank in Germany.
Indraprastha Gas has raised the CNG prices for automobiles from Rs 27.75 to Rs 29 per kg because of an increase in the input cost, an official said.
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