Business

ONGC Videsh Ltd hopes to start drilling two exploratory wells at Najwat Najem, an area allotted to it by Qatar Petroleum, by the year-end.

According to the latest reports, Mittal Steel has decided to increase its offer for Arcelor to £14.1 bn from the current £12.7 bn.

The Reserve Bank on Monday increased the interest rate ceiling on Non-Resident rupee deposits and export credit in foreign currency, while keeping the short-term and long-term rates untouched.

TCS has announced its fourth quarter consolidated results. The company's consolidated Q4 net profit is up 7.87 per cent at Rs 809 crore from Rs 750 crore QoQ.

More than 4,000 casual workers at the Hero Honda factory in Gurgaon have gone on strike demanding regularisation of services.

The Delhi High Court has issued notices to the Reserve Bank of India and two others on a petition filed by a group of Chartered Accountants.

Government employees' pay packets will get fatter with the Cabinet on Thursday approving three per cent hike in dearness allowance.

Reliance Retail is on the prowl and suddenly attrition levels have risen in the retail industry and so have salaries, even of mid-level executives.

The market closed weak amid volatile trade in late session. The Sensex closed down 35.91 points or 0.33 per cent at 10,905.20.

Lakshmi Mittal has warned Luxembourg against amending their legislation that could stop him from taking over Arcelor.

ONGC is in talks to acquire foreign oil and gas assets worth over $15 billion, company chairman Subir Raha said.

In yet another twist to the Mittal-Arcelor saga, the world's largest steel producer expressed concern over the alleged "breach of confidentiality".

It's time to brace yourself for another round of fuel price hike. And this might come as soon as next Monday.

Finance Minister P Chidambaram rolled out the Union Budget on Tuesday and hiked the defence spending by 7.2 per cent to Rs 89,000 crore ($19.8 bn).

Cautioning against complacency in the face of sustained industrial growth, the Economic Survey has asked the government to 'unburden' industry from high level of taxes to help it become globally competitive.

A majority of Indian industry showed buoyancy in Q3 of 2005-06 and projected higher levels of investment in the next six months.