Old timers in Oil and Natural Gas Corporation (ONGC) still remember how in early 2000 its overseas subsidiary, ONGC Videsh Ltd (OVL), was on the verge of closure. Though OVL was set up in 1965, the only discovery the company had made till then was in Vietnam offshore, with more investment needed to monetise it. In 2001, when OVL started looking for new blocks abroad, the company's previous acquisition was 13 years old.
'Stay grounded; never try to become a star in the sky. There are many of those and chances are you'll get lost.' Lessons like these made Prem Jain, a serial entrepreneur, who sold his start-up for $863 million to Cisco and now serves as an advisor to its CEO John Chambers.
Here's your chance to be a part of The Oberoi Group or study at the prestigious Indian Institute of Science.
The stories are open to speculation, like incomplete bits of poetry.
Incontrovertibly exuding Indian-ness in all its cultural and traditional manifestations, the Malaysian capital has its very own 'Little India', an enclave that showcases the trials and tribulations of the Indian community here.
Sixty-three people, including the main accused Maulvi Hussain Umarji, acquitted in the 2002 Godhra train burning case, on Wednesday reached their hometown in Gujarat after spending almost eight years in prison.
Mumbai-based Gammon Infrastructure wishes to buy stakes in international airport projects. The company is already in talks with companies that have won such projects in developing economies. "We expect the first such deal to close in six months," said Managing Director Parvez Umrigar.
Soon after taking charge, transport minister Kamal Nath had made it mandatory for the states to sign the State Support Agreement under which the states would have to acquire land for highway construction to get central funds.
Software product development company, R Systems International Ltd, has completed the acquisition of US-based technical support company WebConverse, for over $10.7 million (about Rs 49 crore or Rs 490 million).\n\n
Private insurer AMP-Sanmar Life Insurance company on Friday said it was in talks with "several companies" to sell the life insurance business and denied that it had already sold the venture to Reliance Capital.
India could attract as much as Rs 4,000 crore (Rs 40 billion) in foreign direct investment in real estate by 2010 if certain Acts pertaining to Urban Land Ceiling, Rent Control and Land Acquisition were repealed.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
Power firms can pass on burden to consumers, stocks rise up to 2%
Over 75 per cent of India's daily coal output has been hit as the five-day strike by workers of state-run miners entered the second day on Wednesday, raising fears of disruption in power supplies.
Ahead of the Parliament session, Prime Minister Narendra Modi on Wednesday reached out to parties appealing them not to come in the way of prosperity of farmers, saying the deadlock over the land acquisition bill is seriously impacting rural development.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances