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Business Briefs 06-03-2010

ONGC find Spending plan HUL ad row

The Telegraph Online Published 06.03.10, 12:00 AM

ONGC find

New Delhi, March 5: ONGC Videsh Ltd (OVL) has made two oil discoveries in Syria, which are estimated to hold 185 million barrels of reserves. OVL and its partner IPR Mediterranean Exploration have made significant new oil field discoveries in block-XXIV located in the northeastern part of Syria.

Spending plan

New Delhi, March 5: The government today sought Parliament’s approval to spend Rs 3.5 lakh crore during this fiscal to inject capital into state-run banks, increase subsidies to shield consumers from high food prices and meet hike in pension payments.

HUL ad row

Calcutta, March 5: Calcutta High Court today passed an interim order asking Hindusthan Unilever (HUL), the manufacturer of detergent Rin, to stop publishing and showing an advertisement in which its quality was allegedly shown as better than that of Tide, a detergent manufactured by Procter & Gamble.


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