Videocon strikes gas in Brazilian offshore block

Videocon Industries on Tuesday said a well drilled to confirm an oil discovery in its Brazilian offshore block has struck 200 feet of high-quality hydrocarbon zone. "The Wahoo-5 appraisal well......

ONGC Videsh-Oil India complete acquisition of Videocon stake

ONGC Videsh Ltd and Oil India Ltd have completed the acquisition of Videocon Group's 10 per cent stake in a giant Mozambique gas field for $2.475 billion, the companies said on Wednesday. OVL, the......

OVL-OIL to buy Videocon's 10% in Mozambique field

ONGC Videsh Ltd and Oil India Ltd will buy Videocon Industries' 10 per cent stake in a giant Mozambique gas field for $2.475 billion. The acquisition of the stake in Mozambique's offshore Area 1,......

Markets end flat after Fed-led rally loses steam

The S&P BSE Sensex ended down 5 points at 24,677 and Nifty50 ended 14 points higher at 7,513.  Benchmark share indices came off their intra-day highs to end flat, tracking weak European cues,......