Google is expected to launch its much-awaited sub-$100 (around Rs 6,000) smartphones in India this month, which will further intensify competition in the booming multi-billion dollar smart devices market in India.
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Britains' Cairn Energy has offered to sell its stake in two oil and gas blocks in Krishna Godavari basin to Oil and Natural Gas Corporation for $100 million and 15 per cent equity in state-run firm's two blocks.\n\n\n\n
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"BG is close to selling its 62.64 per cent stake in the Cambay basin exploration block CB-OS/1 to HOEC. Talks have progressed well and the sale is likely to take place soon," industry sources said in New Delhi.
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Competition in the booming multi-billion dollar Indian smartphone market is further set to intensify with e-commerce giants Amazon, Flipkart and Snapdeal all set to launch Google's much-awaited sub-$100 (around Rs 6,000) handsets on Monday.
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The Competition Commission of India (CCI) on Monday ordered a detailed probe against internet giant Google for alleged unfair business practices with respect to Google Pay as well as Google Play's payment system. Google Pay is a popular digital payments platform while Google Play is the app store on its Android ecosystem.