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OIL keen to pick majority stake in RGTIL Q4 net falls 21%
State-owned oil exploration and production company Oil India Ltd (OIL) on Monday said it was keen to acquire a 51 per cent stake in the Mukesh Ambani-owned Reliance Gas Transportation Infrastructure Ltd (RGTIL). “We have expressed interest for buying a 51 per cent stake in RGTIL,” Oil India director (finance) T K Ananth Kumar said. He said the company had not yet done a due diligence on

Analysts` corner

TATA POWER
Reco price/date: Rs 90/May 28;
Current/target price: Rs 92/Rs 95
Tata Power Co Ltd is often considered the only

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ICICI Bank is now top arranger of bond issues

ICICI Bank has emerged as the top arranger of domestic bond issues. The country’s largest private sector bank was the number-one arranger in 2011-12, helping India Inc raise close to Rs

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Northeast India's fifth software technology park in Tripura
The Tripura government, supported by the Software Technology Park of India (STPI), is setting up a Software Technology Park(STP) to boost information technology in northeast India and to reach out to people of rural and remote areas with e-governance, an official said here Monday. This will be the fifth such in the region.

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11 get bail in Jagan's illegal assets case

Hyderabad: Barring YSR Congress Party leader Y.S. Jaganmohan Reddy and his close aide Vijay Sai Reddy, a special CBI court here Monday granted bail to 11 other people accused of involvement in his

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Hubli-Ankola rail line turning costly as Centre delays approval

The delay in approval by the Ministry of Environment and Forest (MoEF) for the proposed 160 km long railway line between Hubli and Ankola, which connects the north Karnataka hinterland to the

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