$20 billion! India Inc on overseas buying spree

Corporate India has put together a whopping $20 billion (Rs 90,000 crore) so far this year to fund its merger and acquisition bills abroad, surpassing all previous full year totals. Indian......

BPCL led consortium finds more oil in Brazil

A consortium of Bharat PetroResources, Videocon Industries and the US-based Anadarko Petroleum Corp have discovered additional oil in their block in the Campos basin, off the Brazilian coast. The......

OVL to buy ExxonMobil's Brazil oilfield pie

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, will acquire US energy firm ExxonMobil's 30 per cent stake in an oilfield in Brazil for about $1.4-billion."OVL has......