State-owned Oil and Natural Gas Corp (ONGC) has awarded a EUR100mn contract to French firm Technip to build an oil and gas terminal at Odalarevu in Andhra Pradesh.
The Delhi High Court has reserved its verdict on a dispute between pharma firms Novartis and Ciplaover manufacturing of the drug Indacaterol, used for treatment of chronic obstructive pulmonary disease.
The Ministry of Petroleum and natural gas has submitted a status report on RIL's arbitration cases to the Prime Minister's Office stating that there has been USD5.6bn production loss from Panna, Mukta and Tapti (PMT) fields.
Despite getting some respite from oil companies which has now agreed to supply fuel for 15 days, the trouble for low cost carrier SpiceJet is far from over. Indian banks, which has an exposure of about Rs6bn, will ask the airline owned by billionaire Kalanithi Maran, to start repaying its dues. However after a day of disarray it finally resumes operations.
The steep fall in oil prices and subsequent currency devaluation of Russian Rouble and Venezuelan Bolivar will impact Dr Reddy's FY16 sales and operating profits by 4-5%.
Canada Pension Plan Investment Board has completed its initial Rs10bn investment in L&T’s subsidiary, Larsen & Toubro Infrastructure Development Projects Limited (L&T IDPL).
HDFC Property Fund, set up by Housing Development Finance Corp Ltd, India's biggest mortgage lender, plans to raise a USD500mn fund to invest in residential real estate projects, said people directly involved in the process.
Tech Mahindra, India’s fifth largest IT services company is learnt to have entered into a strategic alliance with a German start-up The Enquiss GmbH & Co KG, to expand its reach in the connected devices segment.
The government is unlikely to sell its residual stake in Hindustan Zinc and Balco in the current fiscal as it looks at ONGC and Coal India disinvestments to meet the current year's target. (BS)
Tata Motors is in the process of developing vehicles for the defence sector, which are capable of carrying weapons.
NTPC Ltd, the country's largest thermal power producer, has evinced interest to pick up 50% stake in the 2400 Mw (3x800) power project to be set up at Kamakhyanagar in Dhenkanal district.
RBI imposed a penalty of Rs5mn on ICICI Bank and Rs2.5mn on Bank of Baroda for violation of KYC norms after they allowed opening of accounts in the name of a statutory body by fraudsters.
In a major shift from its earlier stand, Kotak Mahindra Bank has sought representation on the board of Multi-Commodity Exchange (MCX).
The Mines Department of Rajasthan Government retook the possession of 10 square kilometres of limestone mining area in Nagaur district from Ultratech Cement which had allegedly “illegally” bought it from a private firm. The market value of these limestone mines was estimated to be about Rs10bn.
JSW Steel Ltd confirmed it would return the land, privately acquired in West Bengal for its proposed integrated steel project at Salboni in West Medinipur. The company had acquired some 294 acres from landowners in the proposed project area.
The Delhi High Court has reserved its verdict on a dispute between pharma firms Novartis and Ciplaover manufacturing of the drug Indacaterol, used for treatment of chronic obstructive pulmonary disease.
The Ministry of Petroleum and natural gas has submitted a status report on RIL's arbitration cases to the Prime Minister's Office stating that there has been USD5.6bn production loss from Panna, Mukta and Tapti (PMT) fields.
Despite getting some respite from oil companies which has now agreed to supply fuel for 15 days, the trouble for low cost carrier SpiceJet is far from over. Indian banks, which has an exposure of about Rs6bn, will ask the airline owned by billionaire Kalanithi Maran, to start repaying its dues. However after a day of disarray it finally resumes operations.
The steep fall in oil prices and subsequent currency devaluation of Russian Rouble and Venezuelan Bolivar will impact Dr Reddy's FY16 sales and operating profits by 4-5%.
Canada Pension Plan Investment Board has completed its initial Rs10bn investment in L&T’s subsidiary, Larsen & Toubro Infrastructure Development Projects Limited (L&T IDPL).
HDFC Property Fund, set up by Housing Development Finance Corp Ltd, India's biggest mortgage lender, plans to raise a USD500mn fund to invest in residential real estate projects, said people directly involved in the process.
Tech Mahindra, India’s fifth largest IT services company is learnt to have entered into a strategic alliance with a German start-up The Enquiss GmbH & Co KG, to expand its reach in the connected devices segment.
The government is unlikely to sell its residual stake in Hindustan Zinc and Balco in the current fiscal as it looks at ONGC and Coal India disinvestments to meet the current year's target. (BS)
Tata Motors is in the process of developing vehicles for the defence sector, which are capable of carrying weapons.
NTPC Ltd, the country's largest thermal power producer, has evinced interest to pick up 50% stake in the 2400 Mw (3x800) power project to be set up at Kamakhyanagar in Dhenkanal district.
RBI imposed a penalty of Rs5mn on ICICI Bank and Rs2.5mn on Bank of Baroda for violation of KYC norms after they allowed opening of accounts in the name of a statutory body by fraudsters.
In a major shift from its earlier stand, Kotak Mahindra Bank has sought representation on the board of Multi-Commodity Exchange (MCX).
The Mines Department of Rajasthan Government retook the possession of 10 square kilometres of limestone mining area in Nagaur district from Ultratech Cement which had allegedly “illegally” bought it from a private firm. The market value of these limestone mines was estimated to be about Rs10bn.
JSW Steel Ltd confirmed it would return the land, privately acquired in West Bengal for its proposed integrated steel project at Salboni in West Medinipur. The company had acquired some 294 acres from landowners in the proposed project area.
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