Carlyle Group commits up to $500 mn to India-focused Magna Energy

Last Updated: Monday, June 22, 2015, 09:30

The buyout shop is making the investment through its unit Carlyle International Energy Partners, a fund that focuses on oil and gas exploration and production.

Canada inflation rises to 0.9% in May

Last Updated: Friday, June 19, 2015, 19:24

Consumer prices in Canada rose 0.9 percent in May, with low oil prices continuing to slow down inflation, the government statistical agency said Friday.

FTIL signs new pact to sell 16.6% stake in IEX for Rs 357 cr

Last Updated: Friday, June 19, 2015, 14:18

FTIL is divesting its stake in IEX following the direction from regulator Central Electricity Regulatory Commission's (CERC) in May last year in the wake of the Rs 5,600 crore payment scam at FTIL's group firm NSEL.

Japan posts sharp drop in May trade deficit, exports weak

Last Updated: Wednesday, June 17, 2015, 10:37

The gap between imports and exports came in at 216.0 billion yen (USD 1.75 billion), down about 76 percent from a 917.2 billion yen deficit a year earlier.

Adani Group inks pact to set up 10K MW solar park in Rajasthan

Last Updated: Monday, June 15, 2015, 19:59

"This project will be India's largest solar park and will also house manufacturing facilities to be set up under the country's ambitious Make In India initiative," Adani Group Chairman Gautam Adani said in the statement.

Cairn Energy, LIC hold key to Cairn-Vedanta merger

Last Updated: Monday, June 15, 2015, 17:14

Edinburgh-based Cairn Energy plc and state-owned insurer LIC hold the key to billionaire Anil Agarwal's move to absorb his cash-rich oil firm Cairn India Ltd into debt-laden resources arm Vedanta Ltd.

Goyal assures Centre's push to develop energy sources in J&K

Last Updated: Monday, June 15, 2015, 14:14

During the meeting, a joint venture agreement between NTPC, JKSPC was assigned for development of thermal power for the state and MoU between J&K government and JKPDD-BEE (Bureau of Energy Efficiency) was signed to bring out energy efficiency in power transmission and distribution in the state.

Cairn India, Vedanta shares rise after $2.3 billion deal

Last Updated: Monday, June 15, 2015, 10:19

Shares of Vedanta Ltd and Cairn India Ltd rose on Monday after Vedanta offered to buy out minorities in cash-rich oil unit Cairn India in a USD 2.3 billion deal.

Cairn India to merge into Vedanta in $2.3 bn all-share deal

Last Updated: Sunday, June 14, 2015, 14:38

In its biggest consolidation, billionaire Anil Agarwal's group Sunday announced merger of its cash-rich oil company Cairn India with parent Vedanta to cut debt at the struggling resources arm.

Oil prices drop as IEA predicts demand slowdown

Last Updated: Thursday, June 11, 2015, 19:39

US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.

Surana Solar crashes over 32% in two trading sessions

Last Updated: Thursday, June 11, 2015, 18:35

At the end of today's trading session, the stock was quoted 20 percent down at Rs 35.80. The scrip had suffered a similar fate on June 10 as well and slumped over 15 percent to Rs 44.75 on the BSE.