New Delhi: Reliance Industries (RIL), Indian Oil Corp (IOC) and GAIL-OIL combine are likely to bid for buying West Bengal government’s 31 per cent stake in the beleagured Haldia Petrochemicals Ltd (HPL) on October 7.
CCEA okays OVL, OIL deal in Mozambique
New DELhi: The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved acquisition of 20 per cent stake by ONGC Videsh (OVL) and Oil India (OIL) in a Mozambique field that is estimated to hold as much as 65 trillion cubic feet of gas.
Funds: Plan panel asks states to hold demand
New DELhi: The Planning Commission has asked the state governments to hold back their demands for additional fund till November in view of slow economic recovery.
MCX dilutes stake to 3.4% in DGCX
New DELhi: Commodity bourse MCX on Thursday said it has diluted its stake to 3.4 per cent from the existing 5 per cent in the Dubai Gold and Commodities Exchange (DGCX).
Essar Energy to exit Kenya refinery
New DELhi: London-listed Essar Energy plc on Thursday said it will exit Kenya Refinery by selling its 50 per cent stake to the Kenyan government for $5 million.
Cognizant to acquire Belgian BPO
New DELhi: IT services provider Cognizant said it will acquire ValueSource NV, a subsidiary of Belgium-based integrated bank insurance group KBC, as part of a five-year contract with the group.