ONGC and Reliance Industries signed a Memorandum of Understanding that allows them to share infrastructure on the east coast.
Deals
Silver Lake says US $13.75 per share is final offer for Dell stockholders
Private equity firm Silver Lake Management is maintaining its offer of US $13.75 per share for Dell Inc.'s buyout.
UK retail giant takes AIM route to raise capital
Conviviality Retail seeks to secure GBP 64 million funding through the Alternative Investment Market.
Affectv starts work on meeting goals after GBP 2 mln capital infusion
Following its acquisition of GBP 2 million funding in a round led by Octopus investments, Affectv starts the work to meet its goals.
Lanco Infratech begins process to restructure INR 75 billion (USD 1.3 billion) debt
Lanco initiates the process to restructure its debt amounting to INR 75 billion (USD 1.3 billion). Engineering procurement and construction company Lanco Infratech Ltd.
Latest News
Russian billionaire Vladimir Evtushenkov said he is considering takeover targets to expand his business abroad.
The US $1.24 billion between Chevron Corp. and Argentina government's YPF may be turning point in the country's protectionist policy but it comes with an underlying political danger.
Apple Inc's German supplier reported a two-month record high after the sales of iPhones surpassed the estimates of analysts.
A source revealed that Publicis and Omnicom are in late-stage talks about a merger of equals. Two of the world's largest advertising firms are said to be in private talks about a possible merger.
JPMorgan announced that it will no longer be trading in physical commodities. JPMorgan Chase & Co announced that it will no longer be trading in physical commodities.
Zynga planned to abandon real-money gaming, which upset investors. Zynga planned to abandon its plans for real-money gaming in the US. Gambling with real money is illegal in the country.
To expand the country's mobile phone infrastructure, Ethiopia signed a US$1.6 billion deal with two Chinese firms.
Microsoft would use solar power and white space for the cheapest broadband in South Africa.
Microsoft South Africa would finance a new trial that would provide internet connectivity.
Apple is gearing for a Chinese invasion. Apple was expected to introduce a new and cheaper iPhone model to the world soon. This cheaper iPhone will also have a bigger screen, something which has been a staple of Samsung offerings.
