Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India's biggest privatisation showed. Billionaire Anil Agarwal's Vedanta group as well as two US funds -- Apollo Global and I Squared Capital - had last year submitted initial bids to buyout the government's entire 52.98 per cent stake in India's third-biggest oil refiner and second-largest fuel retailer. Detailing the 'Next Step', the 'Brief Note on BPCL Disinvestment' said Transaction Advisor and Asset Valuer are to submit an inception report, bidders have to complete due diligence of the company and sale purchase agreement has to be finalised.
Singer-composer Bappi Lahiri, who popularised disco music in India in the 1980s and 1990s, has died following multiple health issues. He was 69.
'It's very difficult, almost impossible, to select my favourite duets with Kishoreda.'
The government has received three preliminary bids for buying of controlling stake in India's second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL), Oil Minister Dharmendra Pradhan said on Wednesday. Mining-to-oil conglomerate Vedanta had on November 18 confirmed putting in an expression of interest (EoI) for buying the government's 52.98 per cent stake in BPCL. The other two bidders are said to be global funds, one of them being Apollo Global Management.
Sukanya Verma lists many more Rishi Kapoor chartbusters.
Likening India's progress to that of a vehicle that only has accelerator and no brakes, the RSS chief said those trying to stop it will either step aside or be eliminated.
On her 65th birthday, Sukanya Verma looks at the diva's 10 definitive songs.
Meet the showstoppers from India Kids Fashion Week 2019.
Bollywood producers and other star celebs turned out in full force for Producer Jayantilal Gada's son Aksshay's wedding reception.
According to sources, Russian energy giant Rosneft or its affiliates, Saudi Aramco and Reliance Industries are in race for BPCL's three refineries - Mumbai, Kochi in Kerala and Bina in Madhya Pradesh - 16,309 petrol pumps, 6,113 LPG distributor agencies and more than a fifth of 256 aviation fuel stations in the country.
Producer Krishan Kumar and his wife Tanya threw a grand Diwali bash, and invited all their friends over.
'That's the magic of the movie theatre.'
'There's no point making grand plans all our lives when life itself is so fragile.'
State exploration firm Oil and Natural Gas Corp on Thursday said it will take 26 per cent equity in Bharat Petroleum Corp Ltd's upcoming 6 million tonnes refinery at Bina in Madhya Pradesh.
Aseem Chhabra presents his list of 10 international films that mattered to him, stories that he connected with and characters that gave him a better understanding of the human condition.
'Many have tried to imitate her. They've fallen flat on their faces.'
In a video that has gone viral on social media, Shubhi can be seen advising two-wheeler riders to wear helmets and four-wheeler drivers to fasten their seat belts.
Fardeen Khan hasn't been seen in these parts for a long time.
The finance ministry has restricted tax holidays to only new refineries run by public sector firms and has barred units under construction by private sector companies like Essar Oil from the benefit.
Instead of wasting your breath on badly recycled versions of beloved classics, listen to Sukanya Verma's pick of 15 under-rated Bollywood numbers.
The Vedanta group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying the government's stake in Bharat Petroleum Corp Ltd (BPCL).
SAB Ke Anokhe Awards 2014 was held on August 12 at Filmcity in the western suburbs of Mumbai.
US private equity firm I Squared Capital is dropping out of the race to buy India's second-largest state oil firm, Bharat Petroleum Corporation Ltd (BPCL) owing to a complex deal structure and lack of financial backers for the transaction, sources said. I Squared Capital through its Indian arm, Think Gas was among the three suitors that had evinced interest in buying the government's near 53 per cent shareholding in BPCL. "The company has made a decision not to participate in the financial bidding," a source with direct knowledge of the development said.
India may see a structural shift in supplies of crude oil with Russia emerging as a key source of fuels, a development that reduces New Delhi's dependence on West Asian oil, gives Indian refiners better bargaining power with price-setter Saudi Arabia, and improves overall energy security. The unexpected surge in supplies of Russian crude in the last few months, unthinkable until the war in Ukraine, may also deliver other unforeseen gains such as boosting exports of refined fuels to Europe, which historically has counted on Russian shipments. India has jumped on to the bandwagon of opportunistic buying of Russian crude but if calibrated carefully, Urals crude can be a long-term asset for India refiners.
Mittal is in talks to take 20 per cent stake in state-run Bharat Petroleum Corp Ltd's Rs 9,100 crore (Rs 91 billion), six million tons a year Bina refinery that is to be commissioned by 2010-11, industry sources said.
'What happens at a time like this is that you always look up to someone for inspiration and strength.'
"I have 14 reasons to show that how her evidence does not advance the prosecution case at all."
"As the weapon has not been recovered yet by the investigating agency, the question of reliability on such report does not arise," she added.
Take a look at the arrivals of the Chivas 18 Alchemy event.
Whether roles for women get better or not, women are getting better at their craft with each passing year. In 2019, we saw some of our finest female actors show us exciting new facets of their capabilities in ways that'll inspire how roles ought to be written for years to come.
Bappida's softer more creative work got buried in the noise, rues Subhash K Jha as he picks the late lamented composer's most soulful songs.
Television actor Ravi Dubey discusses his new show Jamai Raja.
Shubh Mangal Zyada Saavdhan appears a whirlwind ride filled with drama, emotion and, of course, humour, says Namrata Thakker
Bharatiya Janata Party MP Vijay Goel on Thursday likened Prime Minister Narendra Modi to Mahatma Gandhi, a day ahead of the latter's birth anniversary, terming both as "saints of Sabarmati".
Bollywood cheers Madhuri's Marathi film debut.
Singer Chinmayi Sripada has sung some of Rahman's most popular songs.
The revenue generated through advertisements would be used for development and providing better facilities to passengers at railway stations.
