ONGC to buy 15% stake in Russia’s 2nd biggest oil field
State-owned Oil and Natural Gas Corp (ONGC) on Friday agreed to buy 15 per cent stake in Russia’s second biggest oil field of Vankor from Rosneft for USD 1.268 billion, its fourth biggest acquisition ever. ONGC Videsh Ltd, the overseas arm of the state explorer, signed an agreement to buy 15 per... read more »
Coal scam: former Coal Secretary granted bail
Former Coal Secretary H C Gupta and four others, including a senior public servant, were on Friday granted bail by a Special Court in a coal block allocation scam case. Special CBI Judge Bharat Parashar granted the relief to Gupta, serving public servant K S Kropha, who was a former Joint Director... read more »
Pressure for rate cut mounts as Raghuram Rajan completes second year as RBI...
Known for his hawkish outlook, Reserve Bank of India Governor Raghuram Rajan completes two successful years in office today. Bringing the retail inflation down to 3.8 per cent in July from 9.8 per cent in September 2013, Governor Rajan now faces the challenge for rate cuts with the finance ministry... read more »
Saudi king to meet with Obama amid Gulf concerns over Iran
Saudi King Salman will meet with US President Barack Obama in Washington on Friday to seek more support in countering Iran, as the Obama administration aims to use the visit to strengthen relations after a period of tensions. The visit is the king’s first to the United States since ascending... read more »
India-Pak talks: Hope BJP has done its homework, says Tharoor
Reminding the BJP that it consistently opposed talks with Pakistan during the UPA regime, Congress leader Shashi Tharoor on Saturday said he hoped the Prime Minister Narendra Modi-led NDA... read more »
Bassi assures action over alleged rape of 23-year-old by ASI
Delhi Police Commissioner B.S. Bassi on Saturday said a chargesheet has been filed in the alleged rape case of a 23-year-old woman by an Assistant Sub-Inspector (ASI) in the Rani Bagh area... read more »
With new brand launched, Xolo mulls to invest Rs 100 cr in next 18 months
Xolo, the sub-brand of the Lava International, is mulling to invest Rs 100 cr over next 18 months on development of its proprietary software, Hive, which is built on Google’s Android... read more »
Lava in talks with states for mfg unit; to invest Rs 250 cr
Domestic handset maker Lava today said it is in discussions with various state governments to set up a new assembly unit that will entail an investment of about Rs 250 crore. Lava has one... read more »
Doha Bank looking at setting up subsidiary in India
Doha Bank, one of the largest commercial banks of Qatar, is looking at the possibility of setting up a subsidiary in India, an top official of the bank today said. “Our long-term view is to set up... read more »
