Securing oil: buy now, hold exploration
The fall in oil prices means it is now cheaper for ONGC to acquire discovered oil fields than to explore on its own. To profit from the changed dynamic, India needs to go big on a ‘buy’ strategy.
The fall in oil prices means it is now cheaper for ONGC to acquire discovered oil fields than to explore on its own. To profit from the changed dynamic, India needs to go big on a ‘buy’ strategy.
On 13-14 June 2016, the first Gateway of India Dialogue was held in Mumbai, India. The conference's theme, 'Where Geopolitics Meets Business', was appropriate for an event that brought the insights of India's energised foreign policy to a city that serves as the country's financial and business centre.
Over the past two decades, Germany’s global role has undergone a remarkable transformation. Following its peaceful reunification in 1990, Germany was on track to become an economic giant that had little in the way of foreign policy.
Popular analysis of the sale of Yahoo's online business to Verizon dwells on the company’s missteps, missing out the enormous, long term success that it is.
The attempted coup on July 15 in Turkey as well as its aftermath have irreparably dented President Erdogan’s international image and impacted Turkey's standing as a democratic state, a military power, a NATO member, an EU aspirant, and an emerging economy. This downtrend is unlikely to be reversed in the near future and the country is in for an extended period of instability
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
India's North Eastern States are part of one of the largest fluvial regions, they share this region with five other nations. At a recent conference, held on the sidelines of the the Nadi Festival in Shillong, the message of 'Listen to the dignity of the river' struck a chord with all present, and is a message which should be carried across the region.
The victory of Donald Trump in becoming the presidential nominee for the Republican Party is a significant moment in American history. However, the cause for common unity in the GOP is associated with a hatred towards Hillary Clinton, not support for Donald Trump. Controversies like the recent WikiLeaks of Democrat Party emails are sure to increase in the road to November, making it a rocky and treacherous one.
In the aftermath of Brexit, the recently concluded NATO Summit highlighted the emerging asymmetry between NATO and the EU on their respective policy positions towards Russia. Has the expansion of NATO and the EU to absorb Eastern Europe, and the consequent large migration flows, been responsible for the visible cracks within the Europe?
Prime Minister Modi has just returned from his five-day tour (7-11 July) of eastern and southern Africa. The visits to Mozambique, South Africa, Tanzania and Kenya, were productive and saw the signing of 19 different agreements, all which highlight the India-Africa connection. The long term benefits, however, are yet to be seen.