New Delhi, Jan. 20: The joint venture firm of ONGC and steel tycoon Lakshmi Mittal has surrendered its offshore exploration block in the Caspian Sea in Turkmenistan after the exploratory drills failed to provide any clues of hydrocarbons. The firm had invested about $28 million for drilling two exploratory wells.
New Delhi, Jan. 20: Hyundai Motor India will hike prices across all models by up to Rs 9,000 to offset rising input costs. The company will increase the prices between 1 per cent and 1.5 per cent, said Arvind Saxena, director of sales and marketing, Hyundai Motor India.
New Delhi, Jan. 20: The Competition Commission of India (CCI) has asked banks and housing finance companies, including the SBI, HDFC, ICICI Bank and LICHF, to explain their imposing penalty on borrowers for pre-payment of home loans.
New Delhi, Jan. 20: The finance ministry today said it expected an action plan to be ready by March for divestment in more public sector companies.
Calcutta, Jan. 20: Usha Martin Ltd has raised Rs 468.15 crore through a qualified institutional placement.
