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ONGC receives bid from Schlumberger for upgradation of oilfields.

ONGC receives bid from Schlumberger for upgradation of oilfields

ONGC has received lone bid from the world’s largest oilfield services company Schlumberger, United States. ONGC made proposal’s to various oilfield services company with an aim to maximize the yields...
JSW Steel emerge victorious against Tata Steel to acquire BSPL

JSW Steel emerge victorious against Tata Steel to acquire BSPL

JSW Steel has acquired the stressed assets of Bhushan Steel and Power Limited (BSPL) after successfully winning the bid battle against Tata Steel. It expects to take over the operations...
Adani power’s SEZ project gets Government approval

Adani power’s SEZ project gets Government approval

On 3rd March 2019, The Government approved Adani Power’s Special Economic Zone (SEZ) project in Godda district in Jharkhand. The entailing investment of the company is around Rs. 14,000 crores....
OPEC cuts supply causing oil prices to rise

OPEC cuts supply causing oil prices to rise

Oil prices recorded growth in price due to declining crude inventories. This was a result of OPEC (Organization of the Petroleum Exporting Countries) continuing with their supply cuts. The move...
Three more Banks out of RBI's PCA framework

Three more Banks out of RBI's PCA framework

On 26th February 2019, board for Financial Supervision (BFS) held a meeting to analyze the performance of Allahabad Bank, Dhanalaxmi Bank, and Corporation Bank. The BFS observed that Government of...

Glyd by Mahindra, a premium e-mobility service launched

The Indian automakers Mahindra & Mahindra Ltd.(M&M), on 25th February, 2019 unveiled their new product, Glyd. Mahindra Group, Stated that they have launched this premium electric vehicle with a view...
Adani Group outbids competitors in the airport bidding war

Adani Group outbids competitors in the airport bidding war

Adani group has won bids for 5 airports, as a result of which their shares rallied 3% on the NSE after the acquisition. They had to compete with the GVK...

Impact of GST rate cut on realty sector

The GST council in their 33rd meeting held on 24th February 2019 reduced the GST rate for under-construction residential properties. The GST rates are brought down to 5% for the...
True North set to acquire 51% stake in Max Bupa Health Insurance Company

True North set to acquire 51% stake in Max Bupa Health Insurance Company

The Indian Private Equity (PE) firm True North Capital has agreed to acquire 51% stake in Bupa Health Insurance Company. True North is set to buy the entire 51% stake...
KKR proposes to buy a controlling stake in Mindtree

KKR proposes to buy a controlling stake in Mindtree

KKR & Co., the private equity firm has launched a bid worth Rs. 3,100 Crore for VG. Siddhartha’s 20.4% share in the coffee outlet chain Café Coffee Day and the...