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Welspun Group promoters buy majority stake in One Industrial

New Delhi, Dec. 5 -- Welspun Group on Thursday said its promoters have bought a majority stake in One Industrial Spaces, an integrated fund, development and asset management organisation focused on th... Read More


Sena review puts projects worth 7 lakh crore at risk

Mumbai, Dec. 4 -- Around 7 lakh crore rides on the Shiv Sena-led Maharashtra government's decision to review several high-profile infrastructure projects approved by the previous government, with a ca... Read More


Shiv Sena govt puts Rs.7 tn infrastructure projects under lens

Mumbai, Dec. 3 -- Around Rs.7 trillion rides on the Shiv Sena-led Maharashtra government's decision to review several high-profile infrastructure projects approved by the previous government, with a c... Read More


ExxonMobil looks to set up lubes blending plant in India

New Delhi, Dec. 2 -- Exxon Mobil Corp., which sells Esso lubricants in India, is planning to set up a lubes blending plant in the country, two executives aware of the development said. "ExxonMobil is... Read More


ONGC shelves plan to sell stake in OPaL

New Delhi, Nov. 28 -- Unable to attract a strategic partner for ONGC Petro Additions Ltd (OPaL), Oil and Natural Gas Corp. has shelved its stake sale plans for the petrochemical unit, said two people ... Read More


The future of $70 billion Maharashtra refinery in limbo

New Delhi, Nov. 28 -- The fate of the proposed $70 billion refinery and petrochemicals project in Maharashtra hangs in the balance with the Shiv Sena-Congress-Nationalist Congress Party (NCP) front hi... Read More


Unions from other PSUs may join BPCL protests

Mumbai, Nov. 27 -- Over 12,000 employees of state-run Bharat Petroleum Corp. Ltd (BPCL) who have threatened to go on strike on November 28 against the Union government's decision to privatise the comp... Read More


To protest privatization, BPCL staff may draw strength from other unions

New Delhi, Nov. 26 -- Nearly 12000 employees of the state-run Bharat Petroleum Corporation Ltd (BPCL) may draw strength from the employee unions of other state-run entities including Indian Oil Corpor... Read More


Gas output at ONGC's KG basin block may fall 20%

New Delhi, Nov. 18 -- Oil and Natural Gas Corp. (ONGC) may produce as much as 20% less natural gas than its original estimate from its largest block in the Krishna Godavari (KG) basin because of highe... Read More


Moody's affirms RIL's Baa2 ratings with a stable outlook

New Delhi, Nov. 14 -- Moody's Investors Service (Moody's) on Thursday affirmed Reliance Industries Limited's (RIL) Baa2 domestic long-term issuer rating and foreign currency senior unsecured rating. ... Read More