NEW DELHI: Indian state oil firms may buy a stake in Russian oil major Rosneft, oil minister Dharmendra Pradhan said, signaling a move that would hoist the country’s overseas energy portfolio to a new high as the...
Led by ONGC Videsh, Indian oil companies mull buying stake in Rosneft
NEW DELHI: Indian oil firms led by ONGC Videsh Ltd are mulling buying a part of the $11 billion stake that Russia is selling in its biggest oil firm Rosneft, Petroleum Minister Dharmendra Pradhan said today. Russia is...
OIL-led consortium inks deal for 24% stake in Vankor oil field
NEW DELHI: A consortium led by Oil IndiaBSE 0.10 % has signed an agreement to acquire 23.9 percent stake in Russia’s second biggest oil field of Vankor from Rosneft. The deal is valued at $2 billion. The stake...
Etihad open to hiking stake in Jet
Etihad Airways could open to increasing its stake in Jet Airways, following the government opening the sector further to foreign investment. On June 20, the airline said: “Etihad Airways is a committed, long-term...
Eros to acquire 50 per cent stake in Puja Entertainment
NEW DELHI: ErosBSE 0.07 % International Media today said it will acquire 50 percent stake in Puja Entertainment and Films but did not disclose the amount involved in the deal. The company has signed a “term sheet...
Sachiin Joshi acquires stake in Playboy’s India licence holder
MUMBAI: Actor producer Sachiin Joshi, who acquired Goa-based beer brand Kings Beer last year, has picked up a significant minority stake in PB Lifestyle, exclusive licence holder in India for Playboy Enterprises, USA...
Jack Ma’s Ant Financial plans to buy 20% stake in Ascend Money
Hong Kong: Alibaba Group Holding Ltd.’s financial affiliate is planning to purchase a 20% stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia. Zhejiang Ant Small &...
Japanese tractor maker Yanmar seeks to up stake in ITL to 20%
NEW DELHI: Japanese tractor maker Yanmar is in talks with International Tractor Limited, to raise its stake in the third largest tractor maker in India. Yanmar owns 12.5% stake in International Tractor and has expressed...
Havells India to raise stake in Promptec Renewable Energy Solutions
NEW DELHI: Electrical equipment maker Havells IndiaBSE 0.46 % today said it will increase its stake in Bangalore-based Promptec Renewable Energy Solutions to up to 70 per cent for an undisclosed sum. “A tripartite...
Pfizer increases stake in Indian arm to 72%
The US-based pharma giant Pfizer has been able to increase its stake in its Indian arm, Pfizer India, from 41.2% to around 72% through its open offer, which closed early this month. The 72% holding falls a tad short of...
Essar Steel close to acquiring major stake in Ajmera Group co
Essar Steel, part of the Ruia-controlled diversified conglomerate, is close to acquiring a majority stake in Shree Precoated Steels of the Ajmera Group, in a move that will consolidate its presence in the value...
France Telecom & Telstra in talks with Maxis to buy minority stake in Aircel
France Telecom and Telstra of Australia are in talks with Malaysia’s Maxis Communication to buy a minority stake in Indian telecom operator Aircel, in yet another sign that the ongoing slowdown and credit crunch...