Page-3 of Current Affairs - November, 2012

OVL to buy ConocoPhillips' 8.4% stake in Kashagan field

ONGC Videsh Ltd. (OVL) has finalized agreements for the acquisition of 8.40% Participating Interest (PI) of ConocoPhillips in the North Caspian Sea Production Sharing Agreement (NCSPSA), which included the Kashagan field in Kazakhstan. Kashagan Field is an offshore oil field located in the northern part of the Caspian Sea close to the city of Atyrau ..

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ISRO planning for a six-tonne ‘K’ band satellite

ISRO is planning to build/import six-tonne ‘K’band satellite. Objective: The K band will allow higher and faster data transmission on the Internet by at least 2-3 times what ISRO satellites offer at present It will suit VSAT operators who support this traffic. K band transponder can accommodate far more users more efficiently than ISRO’s older ..

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ECB window to widen

ECB: External Commercial Borrowing The government is all set to widen the scope of ECB. This will be done via including sectors incorporated in the new definition of infrastructure, approved by the Cabinet committee on infrastructure. Objective: This will permit companies involved in various sectors, including education and health, gain an access ECB in order ..

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India’s plans to modify ITRs opposed by Civil society and industry

International Telecommunications Regulations (ITRs) India’s made a proposal on ITRs and submitted the same to the International Telecommunications Union (ITU) in October, 2012. The proposal has drawn opposition from, and fears of content control among, civil society and the industry. National Association of Software and Services Companies (NASSCOM), Cellular Operators Association of India (COAI), Internet ..

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Liquid Index ETFs shall be eligible for trading in the SLB segment: SEBI

As part of changes in the securities lending and borrowing framework, SEBI has permitted ETFs (Exchange Traded Funds) that track indices to trade in the short selling market. Liquid Index ETFs shall be eligible for trading in the Securities Lending and Borrowing (SLB) segment. SEBI has also said that an Index ETF would be considered ..

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