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 »
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 »
