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Tata Mutual Fund buys banking, auto; sells oil&gas
May 09, 2012 at 16:36 | Source: Moneycontrol.com
Tata Mutual Fund increased its weightage in banking & financial services, automotive and manufacturing, while slashed its exposure in oil & gas, information technology and telecommunication.
Essar Oil in talks with SBI for $1.2bn loan
Apr 17, 2012 at 09:36 | Source: Reuters
Essar Oil is in advanced talks with the State Bank of India to arrange a six-year loan to pay Rs 6,300 crorein sales tax to a state government.
Supreme Court rejects Essar Oil's plea in tax case
Apr 04, 2012 at 20:00 | Source: Reuters
Essar Energy Plc said the Supreme Court dismissed its unit Essar Oil's petition to review an earlier verdict that asked Essar Oil not to defer the payment of USD 1.24 billion in sales tax.
Cairn to buy Agora to increase lower-risk assets
Apr 03, 2012 at 15:22 | Source: Reuters
British oil explorer Cairn Energy said it would buy Agora Oil & Gas for USD 450 million to increase its drilling activity in Britain and Norway in 2012 and expand its lower risk, near-term exploration assets.
PSU consortium stays away from Cove bidding war
Mar 23, 2012 at 19:36 | Source: Reuters
An Indian consortium has backed off joining a bidding war for Africa-focused gas explorer Cove Energy Plc , saying it had not yet submitted an offer and one consortium member adding it would only make a bid if it was on an agreed basis.
BP reaches deal with plaintiffs over Gulf of Mexico spill
Mar 03, 2012 at 10:42 | Source: Reuters
BP PLC has reached an agreement with counsel for plaintiffs suing over the massive 2010 Gulf of Mexico oil spill, according to a court order on Friday.

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