ONGC, Oil India in talks for 50% stake in $3.4 billion Kenya oilfield, Chinese firm enters fray

India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the potential acquisition of a 50 percent stake in Tullow Oil Plc's USD 3.4 billion oilfield project in Kenya, according to people with knowledge of the matter. But the OVL-OIL duo now faces competition from super-aggressive Chinese energy giant Sinopec which has entered the fray taking advantage of the delay on the Indian part in finalising the deal.

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ONGC, Oil India in talks for 50% stake in $3.4 billion Kenya oilfield, Chinese firm enters fray

India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the potential acquisition of a 50 percent stake in Tullow Oil Plc's USD 3.4 billion oilfield project in Kenya, according to people with knowledge of the matter. But the OVL-OIL duo now faces competition from super-aggressive Chinese energy giant Sinopec which has entered the fray taking advantage of the delay on the Indian part in finalising the deal.

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ONGC, Oil India in talks for 50% stake in $3.4 billion Kenya oilfield, Chinese firm enters fray

India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the potential acquisition of a 50 percent stake in Tullow Oil Plc's USD 3.4 billion oilfield project in Kenya, according to people with knowledge of the matter. But the OVL-OIL duo now faces competition from super-aggressive Chinese energy giant Sinopec which has entered the fray taking advantage of the delay on the Indian part in finalising the deal.

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ONGC, Oil India in talks for 50% stake in $3.4 billion Kenya oilfield, Chinese firm enters fray

India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the potential acquisition of a 50 percent stake in Tullow Oil Plc's USD 3.4 billion oilfield project in Kenya, according to people with knowledge of the matter. But the OVL-OIL duo now faces competition from super-aggressive Chinese energy giant Sinopec which has entered the fray taking advantage of the delay on the Indian part in finalising the deal.

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Walmart looking at sourcing toys, shoes, bicycles from India

US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI.

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Walmart looking at sourcing toys, shoes, bicycles from India

US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI.

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Walmart looking at sourcing toys, shoes, bicycles from India

US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI.

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Walmart looking at sourcing toys, shoes, bicycles from India

US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI.

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Why RBI is withdrawing Rs 2,000 notes from circulation?

Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. However, there is no need to panic as the RBI has said that citizens can deposit Rs 2,000 notes in banks or exchange them with other currency denominations by September 30, 2023.

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Why RBI is withdrawing Rs 2,000 notes from circulation?

Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. However, there is no need to panic as the RBI has said that citizens can deposit Rs 2,000 notes in banks or exchange them with other currency denominations by September 30, 2023.

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Why RBI is withdrawing Rs 2,000 notes from circulation?

Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. However, there is no need to panic as the RBI has said that citizens can deposit Rs 2,000 notes in banks or exchange them with other currency denominations by September 30, 2023.

from IndiaTV Business: Google News Feed https://ift.tt/FUlE6za
via IFTTT

Why RBI is withdrawing Rs 2,000 notes from circulation?

Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. However, there is no need to panic as the RBI has said that citizens can deposit Rs 2,000 notes in banks or exchange them with other currency denominations by September 30, 2023.

from IndiaTV Business: Google News Feed https://ift.tt/FUlE6za
via IFTTT

Why RBI is withdrawing Rs 2,000 notes from circulation?

Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. However, there is no need to panic as the RBI has said that citizens can deposit Rs 2,000 notes in banks or exchange them with other currency denominations by September 30, 2023.

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Servotech Power to consider stock split next week, stock up 5%

NSE listed Servotech Power Systems Ltd has announced sub-division of its shares, as per the exchange filing. The meeting of the Board of Directors of the Delhi-based company is scheduled to be held on Thursday, 25th May, 2023. The board will consider and approve the stock split.

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Google to kill 3rd-party cookies for 1% of Chrome users early next year

Google has announced it will migrate one percent of Chrome users to Privacy Sandbox and deprecate third-party cookies for them in Q1 2024. The move will support developers in conducting real world experiments that assess the readiness and effectiveness of their products without third-party cookies, said Anthony Chavez, VP, Privacy Sandbox.

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Adani Group gets Supreme Court panel's clean chit in Hindenburg allegations: 'Prima facie no violation'

Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations.

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Adani Group gets Supreme Court panel's clean chit in Hindenburg allegations: 'Prima facie no violation'

Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations.

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Google to kill 3rd-party cookies for 1% of Chrome users early next year

Google has announced it will migrate one percent of Chrome users to Privacy Sandbox and deprecate third-party cookies for them in Q1 2024. The move will support developers in conducting real world experiments that assess the readiness and effectiveness of their products without third-party cookies, said Anthony Chavez, VP, Privacy Sandbox.

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Adani Group gets Supreme Court panel's clean chit in Hindenburg allegations: 'Prima facie no violation'

Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations.

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Russian gas giant Gazprom resumes regular LNG supplies to India's GAIL I Why it is crucial for India?

Nearly a year after Russian gas supplier giant Gazprom halted supplies to India due to the ongoing war, it has resumed supplying Liquefied Natural Gas (LNG) to Indian state gas utility GAIL. According to GAIL chairman Sandeep Kumar Gupta, the resumption of supplies, which came to a halt in June last year, has shored up gas availability in the country.

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