'Tears were streaming down Nehru's face'

James W Michaels, 86, the long-time editor of Forbes magazine, was laid to rest on October 8 in Rhinebeck, New York. He died on October 2 of pneumonia. To most South Asians, Michaels' is......

ONGC takes over Imperial Energy

Oil and Natural Gas Corp (ONGC) has taken control of Imperial Energy Plc for 1.3 billion pound ($1.9 billion) after an overwhelming 96.8 per cent of London-listed firm's total shareholders accepted......

OVL set to buy Imperial Energy for $2.5 bn

ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corp (ONGC), is believed to be close to making a $2.5 billion bid to takeover Russia-focused oil company Imperial Energy. OVL is......

Russia will play a major role in India's energy sector

Old timers in Oil and Natural Gas Corpora­tion (ONGC) still remember how in early 2000 its overseas subsidiary, ONGC Videsh Ltd (OVL), was on the verge of closure. Though OVL was set up in......

8 bn rubles of Indian oil firms stuck in Russia

As much as 8 billion rubles (about Rs 1,000 crore) of dividend income belonging to Indian oil firms is stuck in Russia after the Putin administration clamped down on dollar repatriation, officials......