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    • ONGC may have to shell out at least Rs 44,000 cr for HPCL deal

      The cash outgo will go towards acquiring the government holding as well as buying an additional 26 percent stake in HPCL via an open offer.

    • Oil companies invest $1 billion to tackle climate change

      Ten major oil and gas firms have set up a USD 1 billion fund to support the development of new technology to combat greenhouse gas emissions.

    • Welspun Corp forms JV with Wasco Energy for Rs 200 cr plant

      Welspun Corp, which is the flagship arm of the USD 3 billion Welspun Group making steel pipes for the oil and gas sector, will hold 51 percent in the joint venture while the Malaysian partner Wasco, which is a fully-owned subsidiary of WahSeong Corporation, will own the rest, Welspun Group said in a statement.

    • IP biz to boost FY16 earnings; eyeing smart city: Rolta

      KK Singh, CMD, Rolta India told CNBC-TV18 that the company is in talks with central and state governments for development of smart cities in the country.

    • See $190 mn revenue visibility over 5 years: NIIT

      Rahul Keshav Patwardhan, CEO, NIIT, expects the company to do better on the bottomline next year. He also sees USD 190 million revenue visibility over five years.

    • Expect 12-15% margins from new orders: Maha Seamless

      Saket Jindal, managing director, Maharashtra Seamless, expects to see about 12-15 percent margins on the back of new orders.

    • RIL, ONGC among 105 transparent companies

      Transparency, it's a commodity sorely lacking in most multi-national companies the world over. That's the word from Transparency International, which has studied 105 of the world's largest listed companies, including India's own Reliance Industries and ONGC, reports CNBC-TV18's Ronak Jain and Sumit Lakhotia.

    • Oil gains capped by post ECB announcement sell off

      Oil prices rose above USD 100 a barrel on Thursday on fears Norway's oil output could be sharply cut after oil companies including Statoil called a lockout in a bid to end a strike by offshore oil and gas workers.

    • HCL Technologies gets outsourcing contract from Statoil

      Software services provider HCL Technologies has received strategic infrastructure management contract from Norway's Statoil.

    • Statoil sells $3.25 bn gas pipeline stake

      Norwegian energy giant Statoil agreed to sell a 24.1% stake in a key European natural gas transport venture to a group including German insurer Allianz and the Abu Dhabi Investment Authority for 17.35 billion crowns (USD 3.25 billion).

    • Egypt not losing sight of business despite crisis

      The chaos in Egypt is not enough to cause the country to loose side of business.

    • Brent crude at 27-mth high near $98 on disruption concerns

      Brent crude prices stayed near USD 98 on Wednesday, the highest level since October 2008, as production shutdowns in Norway and Alaska raised expectations of an accelerated tightening of supplies in Atlantic basin, Middle East and Asia-Pacific oil markets.

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