L&T gets Rs 1,700-cr job order to build Bangladesh power plant
Engineering and construction major Larsen & Toubro (L&T) on Wednesday said it has bagged a Rs 1,700 crore order from Japan’s Marubeni Corporation to set up a 400-MW gas-based power plant in Bangladesh. “Bangladesh Power Development Board awarded the EPC contract for setting up the... read more »
Sun Pharma enters into agreement to acquire InSite Vision
Drug major Sun Pharmaceutical Industries has entered into an agreement with InSite Vision to acquire the US-based eyecare firm for around $48 million plus related debt and other transaction costs to strengthen its branded ophthalmic portfolio in the US. One of the company’s subsidiaries has... read more »
Hewlett-Packard To Cut Up To 30,000 Jobs
Hewlett-Packard (HP) has embarked on a new round of job cuts as it prepares to be split in to two units. The technology firm said between 25,000-30,000 roles would go at HP Enterprise, a business it is creating to bundle together its data analysis and software divisions – separating them from... read more »
Pak Senate chief warns against another military takeover
ISLAMABAD: Pakistan’s Senate chief has warned that constitutional checks to prevent yet another military takeover have become redundant in the country which has seen army rule for nearly half of its 68 years of independence. Raza Rabbani was winding up the debate in the upper house to... 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... 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... 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... read more »
Pressure for rate cut mounts as Raghuram Rajan completes second year as RBI Governor
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... 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... read more »
