A fall in crude oil price and Aramco's $75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd's oil-to-chemical unit (O2C), research firm Jefferies said. Richest Indian Mukesh Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the O2C business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.
US-based invention investment company Intellectual Ventures and Indian Institute of Technology-Bombay today signed a MoU to license and commercialise inventions of students and faculty of the institute.
Indian Oil Corp (IOC), nation's largest oil firm, is likely to sign a joint venture agreement with Nuclear Power Corporation of India (NPCIL) this month to foray into nuclear power generation.
Stumbling blocks for resolving the gas row between the Ambani brothers can be removed by putting together the family MoU and the demerger scheme, Anil Ambani-led RNRL told the Supreme Court on Wednesday.
Adding another feather to its cap, the prestigious IIT-Kanpur is all set to sign an MoU with the Malaysian government to provide technical and academic assistance in setting up an electronic hub in that country.
Rejecting the Ambani family agreement on gas, the government on Friday said a private pact cannot be allowed to threaten national interests and asked the Supreme Court to make it a party in the ongoing case between the group firms of Anil and Mukesh Ambani.
The two sides also decided on early operationalisation of the proposed hotline between the two armies as part of the confidence building measures, the defence ministry said.
Aiming at launching international services, all-business-class carrier Paramount Airways on Friday placed a $1.5 billion order for acquiring 10 Airbus A-321 aircraft with each of them costing over $900 million.
Former Board of Control for Cricket in India secretary Sanjay Patel on Friday said in his defence that UK-based company 'Page Protection Services', hired by the previous dispensation, 'did not snoop on any Board official' during his time in office.
The MoU was signed on Monday between representatives of the state government and leaders of the Kangleipak communist Party-Nongdreinkhomba, Kuki National Liberation Front and Kuki Revolutionary Party.
Prime Minister Narendra Modi on Tuesday held talks with his Nepalese counterpart Sushil Koirala on key strategic issues after which ten agreements, including a pact on $1 billion assistance to Nepal, were inked.
Energy's exit is a cautionary tale for several foreign investors in India as close to 16 Gw of solar and wind power projects languish without any power purchase agreement, 24 Gw without transmission connectivity and around 2 Gw unilaterally cancelled by project developers.
India and Pakistan's admission to the Beijing-backed Shanghai Cooperation Organisation will be formalised at the grouping's summit in Kazakhstan next week, China said on Thursday.
A bench headed by Chief Justice S A Bobde asked senior lawyer Mahesh Jethmalani, appearing for PIL petitioners Shashank Shekhar Jha and journalist Savio Rodrigues, to withdraw the plea and approach the high court.
'Gaganyaan' is set for December 2021 launch and is likely to include a woman astronaut.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
The defence and aerospace sectors have seen at least over Rs 10,000 crore worth of MoUs being signed during the summit.
The MoU says the gas supply agreement is with Reliance Energy and for the Dadri power project, senior counsel Harish Salve representing RIL said. "Nowhere does it say that the gas will go to RNRL," Salve told the division bench of Justices J N Patel and K K Tated. REL and RNRL are both Anil Ambani group companies.
The Infosys Foundation will provide a fund of Rs 16 crore, which will be spent for the next five years.
ArcelorMittal could be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by RBI for insolvency proceedings.
Team Amazon would also educate and train the khadi artisans to directly sell their products to online customers.
Cricket Australia (CA) and the Australian Cricketers' Association announced they have agreed a new pay deal "in principle" on Thursday, ending an acrimonious dispute that threatened a tour of Bangladesh and this year's Ashes series.
The company will also deliver an exclusive workshop to the government's key administrative officers on improving productivity by using Microsoft technologies
However, many historians, conservationists and artists have slam move to 'entrust' Red Fort to cement company.
Oxford University has signed a memorandum of understanding with the Confederation of Indian Industry to set up India Business Centre.
The Pakistan Cricket Board has decided to take its compensation claim case against the Board of Control for Cricket in India to the disputes resolution committee of the International Cricket Council.
Pakistan didn't harbour any hopes of India fulfilling its commitment of playing the series.
The Australian cricket board confirmed on Friday there would be no eleventh hour breakthrough in a bitter pay dispute with the players' union, leaving more than 200 leading cricketers uncontracted and the fate of future tournaments in limbo.
The UK-based BAE Systems has zeroed in on M&M and is believed to have signed a Memorandum of Understanding (MoU) after holding talks with at least two other leading corporates -- Tatas and Larsen and Toubro (L&T) for its Indian Land Systems project, sources close to the development said.
Pakistan Cricket Board chief Shaharyar Khan said that he would push for the elimination of the Big Three governance system and revenue distribution formula.
'Over 200 of Australia's most senior cricketers are unemployed as of the 1st of July'
India and Vietnam on Monday inked seven pacts, including one to enhance cooperation in the strategic oil sector, as they called for "freedom" of navigation in the South China Sea, a remark which could irk China, which has been claiming territorial sovereignty over the high seas.
"A Maputo morning, an African dawn! PM @narendramodi arrives in Mozambique for the first leg of his visit," Ministry of External Affairs spokesperson Vikas Swarup tweeted on Modi's arrival in Mozambique's capital Maputo.
Defending its decision to raise the number of seats under the India-United Arab Emirates (UAE) air services pact, the Civil Aviation Ministry, in a note to the Cabinet Secretariat and key ministries, has said no additional points of call have been allowed to the Gulf country.
The Azim Premji Foundation has emerged as a major player in school education across the country.
In the absence of bilateral series, both teams have only met in ICC and Asian Cricket Council multilateral events, most recently in the Asia Cup held in the UAE last September.
Says UP misunderstood and underplayed
Unless the impasse ends next week, the upcoming Australia 'A' tour of South Africa, a two-Test series in Bangladesh and a limited-overs tour of India are under threat from the dispute, with the Ashes also looming at the end of the year.
Shaharyar has written to the BCCI, asking the Indian board to come up with a definite decision on the series within 48 hours, failing which they would decide against playing India The BCCI is awaiting the Indian government's permission for playing against the arch rivals
