AHMEDABAD: Gujarat may offer an additional 50% stake in Gujarat State Petroleum Corp. (GSPC) LNG Ltd to Adani Group, which already holds a 25% stake in the company, after Indian Oil Corp. Ltd decided to opt out of the race, said three state government officials close to the development, requesting anonymity.
Day: January 28, 2019
Reliance arm looks to raise ₹4,000 crore
MUMBAI: Reliance Industrial Investments Holdings Ltd (RIIHL) is planning to raise ₹4,000 crore to meet the group’s funding and investment requirements, two people aware of the development said, requesting anonymity.
Didn’t receive any reference on relaxing rules in Jet Airways matter: Sebi
Markets watchdog Sebi Thursday said it has not received any reference on relaxation in rules regarding Jet Airways.
Oil prices climb as US threatens sanctions against Venezuela
Singapore: Oil prices rose on Friday as turmoil in Venezuela triggered concerns that its crude exports could soon be disrupted. Washington on Thursday signalled it could impose sanctions on Venezuela’s oil exports as Caracas descends further into political and economic turmoil.
IndiGo appoints Ronojoy Dutta as CEO, Meleveetil Damodaran as chairman
Aviation veteran Ronojoy Dutta has been appointed as Chief Executive Officer (CEO) of IndiGo for a period of five years as it plans a major international expansion this year, the low-cost airline announced Thursday.
Decongestion plan for Delhi: Nitin Gadkari to lay foundation stone for ₹2,820 crore road project tomorrow
Union minister Nitin Gadkari will on January 26 lay the foundation stone for ₹2,820-crore highway corridor project that will link Akshardham to Eastern Peripheral Expressway (EPE) junction on Baghpat road, the government said on Thursday.
Tamil Nadu eyes $15 bn investments in aerospace, defence sectors in 15 yrs
The Tamil Nadu government is eyeing investments worth $15 billion in the aerospace and defence sectors in the next 15 years to make the state a preferred hub for the two industries.