Pradhan said the government is seeking to privatize some of the state-owned companies to generate professionalism and competition. The government has received three preliminary offers to buy a controlling stake in India’s second-largest fuel retailer, Bharat Petroleum Corporation Ltd (BPCL), Petroleum Minister Dharmendra Pradhan said on Wednesday. Oil mining conglomerate …
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NEW DELHI : British oil explorer Cairn Energy Plc said Tuesday that it is seeking $ 1.4 billion from the Indian government (roughly ₹10,300 crore) in losses arising from the expropriation of your investments to enforce a retroactive tax lawsuit. In its semi-annual income statement, the company said it expects …
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NEW DELHI: The Supreme Court on Wednesday rejected a government statement challenging a Malaysian court’s $ 499 million arbitration award in favor of Vedanta Ltd and Videocon Industries in relation to the Ravva oil and gas fields. The government had limited $ 198 million for the development of the oil …
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[ad_1] Billionaire Anil Agarwal on Tuesday announced intention to take his Indian listed firm Vedanta Ltd private by buying out shares held by public. Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Vedanta Ltd. This price is lower than Tuesday’s Rs …
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