Oil & gas
ONGC Videsh seeks freedom to decide on investments of up to $1 bn
17 Jun 2015
The board of OVL currently has powers to decide on investment of up to Rs300 crore while a Navratna PSU gets to decide on investment projects of up to Rs3,000 crore
US regulators approve Royal Dutch Shell-BG Group $70 bn merger
17 Jun 2015
The US Federal Trade Commission has cleared the deal, which still requires regulatory approval from the European Union, China, Australia and Brazil
Ruias to sell 49% in Essar Oil to Russia's Rosneft for Rs10,500 cr: report
16 Jun 2015
The Ruias, along with Essar Energy Plc, own 90 per cent stake in Essar Oil and a deal with Rosneft will make the Ruias a minority shareholder in the company
Fluid injection's role in man-made earthquakes revealed
15 Jun 2015
For the first time, researchers in the United States and France have observed how fluid injection sets off microearthquakes on a sizable, subterranean fault
Vedanta annexes Cairn India in $2.3-bn all-stock deal
15 Jun 2015
The merger will help debt-laden Vedanta to use debt-free Cairn India’s cash reserves of over Rs16,800 crore to part pay its Rs37,636 crore debt
