ONGC Videsh, the overseas arm of the state-run explorer, has been engaged in an arbitration with Sudan for over three years to recover its oil and pipeline construction dues. ONGC and its Chinese and Malaysian partners have already exited the oil blocks 2A and 4 in Sudan at the centre of the dispute.
The Singapore International Arbitration Centre (SIAC) is to decide whether BSE-listed Future Retail Ltd (FRL) should be a party to the arbitration.
Bhansali Engineering , GM Breweries, TARC, DRC Systems, Majestic Auto, Indian Merchant Banking and Ind Bank Housing are among the companies that will announce their March quarter results today.
Gold traded flat in early Asian trade on Tuesday as the dollar held firm on expectations that the Federal Reserve will announce a tapering of its bond purchases next month. Spot gold was unchanged at $1,753.77 per ounce by 0123 GMT, while U.S. gold futures were little changed at $1,754.90.
Oil prices fell for the first time in four days on Tuesday, taking a breather, analysts said, after weeks of gains fuelled by a rebound in global demand that is contributing to energy shortages in economies from Europe to Asia. Brent crude was down 26 cents, or 0.3%, at $83.39 a barrel at 0211 GMT, after touching three-year highs on Monday on the way to a 1.5% advance.
Securitisation volumes in the first half of the current fiscal at Rs 42,200 crore were higher than the Rs 22,700 crore in the corresponding period of last year.
The members of the committee are: R Subramaniakumar (Former MD & CEO, Indian Overseas Bank), T T Srinivasaraghavan (Former Managing Director, Sundaram Finance Limited), and Farokh N Subedar (Former Chief Operating Officer and Company Secretary, Tata Sons Limited).
A person familiar with the matter said that the promoter infusion is likely to be much lesser than ₹10,000 crore that has been reported in some media.
Besides the new investors, funds from Europe have also evinced interest in its $2.2 billion IPO, billed as one of the largest public issues in the country in over a decade.
Future groups firms to convene shareholder & creditor meetings in November to seek nod for their proposed merger into Future Ent as a part of the Rs 24,713 crore deal with Reliance Retail
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