Crude oil slump hits Indian shores
The plunge in global oil prices may have brought cheer to consumers, but it is hurting the companies involved in oil exploration and production locally. Cairn India, country’s second-largest private sector oil & gas explorer, has de-hired majority of its developmental oil rigs from its... read more »
IndusInd Bank up over 2% as RBI allows FIIs to buy shares
Shares of IndusInd Bank on Monday surged over 2 percent in morning trade on the bourses after the Reserve Bank on Friday removed the lender from its caution list. RBI in a release on September 4 said it has removed IndusInd Bank from its caution list, allowing foreign investors to buy further... read more »
Diageo may not recover Rs 900 cr loan from Vijay Mallya co
Global spirits giant Diageo has said it may not be able to fully recover a loan of USD 135 million given to Vijay Mallya-affiliated Watson by Standard Chartered Bank where it had acted as a guarantor in case it is asked to pay up. The world’s largest spirits maker, Diageo, which acquired... read more »
GVK Wins Court Fight Over Australian Coal Mine
Melbourne: Green groups lost a fight to stop billionaire Gina Rinehart and GVK from building a giant coal mine in Australia, as a court on Friday dismissed an appeal against the state of Queensland’s environmental approval for the project. Conservation group Coast and Country, originally... read more »
