Financial Express - India's leading business newspaper from the Indian Express Group

Enron Oil to put Cambay on the block

EOGIL has decided to sell its entire equity stake in the Cambay offshore exploration block, being jointly developed by Tata Petrodyne Ltd, HOEC, ONGC and Enron.

Pentamedia Graphics snaps up three companies for Rs 175 cr

In a major move that would propel its growth, Chennai-based Pentamedia Graphics Ltd has acquired three companies, Kris Srikkant Sports and Entertaintment Ltd, Media Dreams Ltd and Hotel Whales Ltd.

Reliance to pay 50% more for insurance cover

The sudden tightening of the international reinsurance market during the year has pushed up the renewal premium for the annual mega-risk cover of the Reliance group by almost 50% to around Rs 75 crore.

New VRS guidelines upset bank unions

The IBA amending-circular stating that all bank staffers who have completed 15 years of service and seeking voluntary retirement would be entitled to pension on pro-rata basis when they opt for the VRS has the bank unions seething with anger.

Wah Taj! a spanking new lobby for Mumbai heritage

The Tata group chairman Ratan Tata finally unveiled the newly renovated sections of the Taj Mahal Hotel, including the much-talked about new lobby on Friday evening, it was indeed the culmination of a long wait for Mumbai.