ONGC made Rs 81,890 crore investment to raise output
Country’s largest oil and gas producer ONGC on Friday said it has invested Rs 81,890 crore in bringing on stream newer discoveries and arrest natural decline that has set in its ageing fields. “Our major oil and gas producing fields are ageing and showing natural decline,” ONGC... read more »
Oracle’s Ellison steps aside, co-CEOs Catz and Hurd take over
Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere. Ellison and the two new co-CEOs each... read more »
Infosys join hands with Huawei; extends agreement with Microsoft, Hitachi
India’s second largest software services firm Infosys today said it has partnered China’s Huawei Technologies to offer enterprise cloud, big data and communication solutions. The announcement comes amidst visit of Chinese President Xi Jinping. India has pressed its neighbour for export... read more »
Coal India said to cut auctions to divert fuel to power stations
New Delhi: Coal India Ltd has cut the amount of the fuel it’s selling at competitive auctions to bolster supplies to power stations to meet demand, said people familiar with the matter. The government has asked the state-run monopoly to cut the quantity auctioned to increase coal supplies at... read more »
