BP-RIL to invest $5 billion in KG-D6 fields

BP Plc, Europe's second biggest oil company, and Reliance Industries will invest $5 billion in developing untapped gas reserves in the KG-D6 block as the partners attempt to reverse the fall in gas......

Jindal Power plans second biggest IPO

In what would be the second biggest initial public offer, Naveen Jindal-promoted Jindal Power Ltd plans to raise up to Rs 10,000 crore in this financial year. The board of JPL today decided to......

Reliance Energy announces move to buy back shares

The Anil Dhirubhai Ambani group-promoted Reliance Energy Ltd has proposed a buyback of its shares. The management has not stated any particular objective for buyback, but a press release said it......

Gas shortage may hit Dabhol plant

The Maharashtra government is heavily banking upon Dabhol power plant to start functioning at its full capacity of 2,150 Mw to help the state tackle the 5,000 Mw shortage during peak summer season.......