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 »
Enjoying quota benefits, UP Patels ready to back Hardik’s stir
Patel leaders in Uttar Pradesh say they intend to back Hardik Patel’s campaign for reservations though it is unlikely to generate as much interest in the politically crucial state, where... read more »
‘Indrani’s drunk father would often whip her with his belt’
GUWAHATI: As a string of truths and lies about Indrani Mukerjea are unraveled in the media by the hour, not many know she had a traumatic childhood in a dysfunctional family and was often... read more »
Sanjay Kapoor steps down as chairman of Micromax
New Delhi: Sanjay Kapoor has stepped down as chairman of Micromax, a little over a year after joining India’s second-largest handset vendor. “Sanjay Kapoor has decided to move... read more »
RBI likely to cut interest rates in September policy meet
There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on September 29 thanks to inflation striking a record low, according to... read more »
Vodafone India to launch 4G services by 2015 end
NEW DELHI: Vodafone India today said it will launch its fourth-generation (4G) mobile telephony services by 2015-end, an announcement that comes days after market leader Airtel rolled out its... read more »
