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The oil ministry said it would take at least a month for the government to take a call on the regulatory approvals for Vedanta Resources to buy a majority stake in Cairn India. “At this juncture, we ...
A stunning story is unfolding on how two forged letters have virtually nixed the appointment of the chairman of ONGC, a state-owned oil and gas company that ranks 413 in the Fortune 500 list of global ...
Spainish  wind power equipment maker Gamesa Corporación Tecnológica SA, or Gamesa Corp., has appointed investment bank Morgan Stanley India Co. Pvt. Ltd to scout for wind power assets in India, two people familiar with the development said. A ...
The US-based GE Energy today said it would supply gas turbines to Sravanthi Energy for its 450 MW power project at Kashipur in Uttarakhand. “Sravanthi Energy has selected GE’s gas turbine technology for its new 450 MW ...
A massive fire that engulfed an Indian Oil Corporation (IOC) depot in Navi Mumbai on Monday night was doused after eight hours. No casualties were, however, reported The fire broke out shortly after midnight. Twenty fire engines ...
Reliance Infrastructure and Reliance Natural Resources are close to reaching a settlement with market regulator Sebi by paying consent fees, ending a long-running investigation into alleged violations of foreign portfolio investment regulations. The companies, part of the ...
Construction major Hindustan Construction Co. Ltd.(HCC), signed a Memorandum of Understanding (MoU) with the Gujarat government to set up a renewable energy park at its proposed waterfront city at Dholera Special Investment Region, Ahmedabad district, being ...
Country’s largest company by market capitalization Reliance Industries on Wednesday said it has allotted 2.86 lakh shares, currently worth about Rs. 30.81 crore, to company workers under its Employees Stock Option Scheme (ESOS). “The company has allotted ...
State-run engineering major Bharat Heavy Electricals Ltd (BHEL) plans to float a non-banking financial company (NBFC) to finance power projects, according to its chairman and managing director B Prasada Rao. Rao said, the power equipment maker had ...
The India-Iran oil payments row could hit ONGC controlled Western coast refinery Mangalore Refinery and Petrochemicals’ (MRPL) profitability if the dispute continues beyond a month,  said ICRA, Indian arm of the international credit rating  agency Moody’s. The ...