New Delhi, Aug. 23: Cairn India has made an oil and gas discovery in an onland KG-basin block. “Cairn Energy India, a wholly owned subsidiary of Cairn India, has notified the directorate-general of hydrocarbons of a discovery of oil and gas Nagayalanka-1z well, located in the onshore block KG-ONN-2003/1,” the company said.
New Delhi, Aug. 23: Financial institution IFCI has launched a series of tax-free infrastructure bonds for retail investors, who can enjoy tax exemption under Section 80CCF of the income tax act for investments up to Rs 20,000.
New Delhi, Aug. 23: Crisil has raised its long-term debt rating of Tata Motors to AA- from A+, reflecting an improvement in the ability of the auto major to repay loans. The upgrade comes on expectations of Jaguar Land Rover generating positive cash flows.
Johannesburg, Aug. 23: HSBC is in talks to buy up to 70 per cent of South Africa’s Nedbank in a $6.8-billion deal that will give Europe’s biggest lender a broader gateway to Africa.
Mumbai, Aug. 23: SBI Life Insurance has earned the distinction of topping the prestigious Million Dollar Round Table (MDRT), in terms of the number of MDRT advisers for the second year in a row.
