Barack Obama has banned future oil and gas drilling in most of the Arctic and Atlantic Oceans.
Using his authority under the Outer Continental Shelf Lands Act that allow Presidents to withdraw areas from oil and gas leasing and exploration, Obama has protected the entire US Chukchi Sea and the vast majority of the US Beaufort Sea in the Arctic Ocean and 31 canyons in the Atlantic Ocean from drilling.
Vedanta Resources Slapped with $100 Million Settlement
Indian mining giant Vedanta Resources has been ordered by London High Court to pay over USD 100 million to a Zambian investment company related to a 2013 copper price agreement.
Akai Re-enters Indian Market
Japanese consumer brand Akai has re-entered the Indian market and has tied up with Paras Group to begin sales.
Paras Group has a turnover of around Rs. 600 crore as it is a key distributor for companies such as Sony, LG, Nikon and Daikin.
India and Kyrgyztan Deepening Ties
Deepening their ties, India and Kyrgyztan finalised broad contours of a bilateral investment treaty and inked six other pacts covering a range of areas besides resolving to work closely to combat challenge of terrorism, extremism and radicalism.
Prime Minister Narendra Modi and Kyrgyz President Almazbek Atambayev agreed to step up engagement in key areas of defence, security and trade with specific focus on mining, IT, agriculture and energy.