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

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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

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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

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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

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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

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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

FIIs net sellers of Rs 185 cr in cash on Thursday

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Foreign institutional investors (FIIs) were net sellers of Rs 185.32 crore (provisional) in the cash segment on Thursday, according to information posted on the BSE website. While FIIs made gross purchases of Rs 891.64 crore, their gross sales stood at Rs 1,076.96 crore. Domestic institutional investors (DIIs) were net buyers of Rs 84.37 crore (provisional) … Read more FIIs net sellers of Rs 185 cr in cash on Thursday