Oil India Ltd., and Oil & Natural Gas Corp., will acquire Mozambique's Videocon Industries Ltd., to increase their overseas production and oil reserves.
Industry
Japan Telco giant increases bid on Sprint
Japan's SoftBank announced on Monday an increase in their initial offer to counter bid by Dish Network.
Lucio Tan to Consider Exiting Philippine Airlines After Two Decades
Billionaire Lucio Tan is considering to exit the aviation industry by means of share sale after two decades in the business.
Indian Suitors Eye Deals for Australia Coal Mines
Rio Tinto received numerous interested parties to purchase its stake after announcing to raise funds for debt payment.
ONGC Declares Mozambique Gas Deal Then Withdraws Statement
Oil and Natural Gas Company (ONGC) India withdrew its statement last Monday after announcing a deal with Rovuma Area 1 in Mozambique.
Latest News
McDonald's gained better than expected figures with aggressive advertising focused on its breakfast and Dollar menu.
Veolia Environment struck a deal to acquire Spanish Proactive Medio Ambiente. Veolia Environment SA acquired Spanish waste-management company Proactiva Medio Ambiente after Barcelona-based Fomento de Construcciones & Contratas SA agreed to sell its stake to the French waste utility.
The Swiss Market Index climbed as Novartis advanced studies on multiple sclerosis while Roche releases arthritis drug.
AirAsia Bhd.'s and ANA Holdings Inc.'s tieup may soon dissolve. (Photo : Reuters)AirAsia is completing its deal to buy up to 100 jets from Airbus.
Eighties software giant Manman's founder managed to raise $33 million for her new company, Kenandy.
Elan rejects the newest bid from Royalty and seeks to look at other unsolicited interested parties.
AstraZeneca purchases Pearl Therapeutics for US$1.15 billion, making it the second firm in Britain to rebuild products through deal making.
Amid the booming air travel industry, Nok Air and AirAsia X announced IPO for their shares to be used for the companies' expansion plans.
Japan’s Marubeni said that it will leave Gavilon’s energy arm from the proposed takeover deal. (Photo : REUTERS)Logo of Marubeni Corp is seen at the company's head office in Tokyo Marubeni Corp, a Japanese trading house states that it will cut its planned takeover deal over Gavilon's energy business.
