ONGC awards Rs 6,800 cr order to Linde-Samsung consortium

Oil and Natural Gas Corporation (ONGC) has placed a lump-sum turnkey (LSTK) contract worth Rs 6,800 crore with the conglomerate consisting of Germany’s Linde AG and South Korea’s Samsung Engineering. The deal is for setting up a turnkey ethylene plant at its mega petrochemical project at Dahej in Gujarat. The proposed plant will be the … Read more ONGC awards Rs 6,800 cr order to Linde-Samsung consortium

Reliance Infra to buy back shares worth Rs 700 cr

Reliance Infrastructure, belonging to the Anil Dhirubhai Ambani Group (ADAG), in a communique to the Bombay Stock Exchange, has announced a new buyback initiative wherein the company will acquire shares worth Rs 700 crore from its investors. The buyback, which will be made up to a maximum price of Rs 700 per share, will remain … Read more Reliance Infra to buy back shares worth Rs 700 cr

Bidding on Satyam Computers – Decision in 7-10 days: Kiran Karnik

The government-appointed board of the crisis-ridden IT major Satyam Computer Services, which met in Mumbai on Thursday, has started work on formulating guidelines for selecting a buyer for the company. The company’s chairman Kiran Karnik  told us the board will announce the bidding process in the next seven to ten days. He added that the … Read more Bidding on Satyam Computers – Decision in 7-10 days: Kiran Karnik

Oriental Insurance inks pact with MyTVS

Oriental Insurance Company has entered into a pact with multi brand car service solution provider – MyTVS – for offering emergency road services to its customers. This free-of-cost service deal will provide coverage to more than 15 lakh vehicle policy holders of Oriental across the country. MyTVS has provided training to 3,000 staff to address … Read more Oriental Insurance inks pact with MyTVS

MRTPC orders probe into air fare hike

The Monopolies and Restrictive Trade Practices Commission (MRTPC) has ordered a probe into the sudden increase in air fare by all airlines on February 9 in a well organized manner. In the wake of a possible cartelization anticipated by the civil aviation ministry, the decision to initiate scrutiny by the MRTPC comes in. The Directorate … Read more MRTPC orders probe into air fare hike