The Indian IT major spent a total of Rs 15 crore (Rs 150 million) towards the failed deal, but in the process received Rs 33 crore (Rs 330 million) from the UK firm, as inducement fees. Two of India's leading software services firm were in the race to acquire the London Stock Exchange-listed Axon, but last month HCL Technologies outbid Infosys and acquired the British firm.
The rating affirmation reflected RIL's strong business profile - a large-scale refinery with a capacity of around 1.2 million barrels a day and dominant market position in petrochemicals.
Oil and Natural Gas Corporation has taken control of Imperial Energy after 96.8 per cent shareholders accept its takeover offer.
ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corporation, will make an offer to acquire shares of the United Kingdom-listed Imperial Energy Corp Plc at 12.50 pounds a share by December 9.
The company plans to begin drilling in Bihar's Gangetic basin by next year. It has completed the seismic surveys and is currently studying the data collected to understand the geological structures below the surface.
The government on Monday received 181 bids from global and domestic oil majors, including ONGC, Reliance Industries, Essar, BP Plc and BHP Billiton, for oil and gas exploration blocks under the seventh round of NELP auction.
Some other tax authorities are looking at the allegations.
Tata Steel's $12-billion takeover of Britain's largest steel maker Corus Group Plc in early 2007 not only catapulted the Indian conglomerate to the global corporate centre-stage, but also gave other domestic companies the self-belief of taking on multinationals much bigger in size.
Vodafone has rejected a restructuring call by an activist investor lobby that would have unlocked up to $75 billion to shareholders, saying such business strategies could have prevented it from recent acquisitions such as Hutch-Essar in India.
Leading real estate firm Unitech's investment arm Unitech Corporate Parks Plc on Monday said it has received nod from the Board of Approvals for establishment of IT Special Economic Zones at Greater Noida and Kolkata.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
The vehicle can rescue as many as 14 people in one dive.
"As someone who was born and raised in India, I recognise the urgent need for our youth to be empowered from a knowledge perspective. We believe the Foundation will become an effective catalyst in this regard, Vodafone Chief Executive Officer Arun Sarin said.
Vodafone's revenues for the third quarter have gone up by 16%, thanks to good performance in emerging markets including India.
Credited with introducing eight new brands from the stable of the world's largest liquor maker Diageo Plc, Asif Adil, the managing director of its India subsidiary, Diageo India Pvt Ltd, has set himself a target of achieving a sales turnover of over Rs 4,000 crore (Rs 40 billion) in India in three years.
Hiranandani Group's real estate investment firm, Hirco Plc on Thursday announced it will invest over Rs 1,000 crore (28.4 million pounds) in a commercial township development project near Mumbai.
The price of crude oil has surged past $120 a barrel. Supply concerns from Opec members Nigeria and Iran as well as a weaker dollar pushed US crude prices up by $4 to $120.36 before closing at $119.97 on Monday.
Earlier, the Reserve Bank of India was the approving authority.
Market research firm Synovate, part of the Aegis Group Plc, is on the lookout for acquisition opportunities in India.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Thomas Cook has bought stake in Thomas Cook India from Dubai Financial Group for up to Rs 1,336 crore. The group is repurchasing Thomas Cook's brand business, earlier licenced to Dubai Financial Group.
Global banking giant HSBC on Monday said Infosys chief mentor N R Narayana Murthy will join its board in May with an annual renumeration of 65,000 pounds (about Rs 52 lakh).
Standard Chartered Plc on Tuesday reached an agreement to acquire US-based American Express Bank Ltd for about 431 million pounds ($860 million) in cash
Dudley, whose company last year made the largest foreign direct investment in the oil sector, followed it up with a meeting with Finance Minister P Chidambaram.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
Manchester United Plc said its annual pre-tax profit doubled on increased sponsorship and after it expanded its stadium and won the League title.
Indian television company NDTV is in advanced stages of negotiations with NBC Universal, a subsidiary of New York Stock Exchange-listed General Electric to sell between 25 and 30 per cent in its UK-based subsidiary NDTV Networks Plc.
The United Kingdom-based SABMiller plc, one of the world's leading brewers, on Tuesday announced it has acquired Foster's India, belonging to Australian drinks giant Foster's, for $120 million on a cash-free debt-free basis.\n\n
GlaxoSmithKline Plc has withdrawn its patent application in India for anti-AIDS drug Combivir, which has been facing opposition from activists.
Malaysian pay TV operator Astro All Asia Networks plc, owned by the country's richest man Ananda Krishnan, is eyeing entry into the Indian Direct to Home satellite television market
Brian Tempest is among the four directors of cash-strapped healthcare chain whose removals were sought by two institutional investors. Three directors -- Harpal Singh, Sabina Vaisoha and Tejinder Singh Shergill -- had already resigned before the EGM.
World's second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore (Rs 101.41 billion) in raising its stake in the Indian arm to 100 per cent.
Tech Mahindra and Motorola will be investing $12.5 million in their joint venture, CanvasM, to deliver application solutions for the global network providers and enterprises.\n
The European Commission on Friday approved Tata Steel's proposed acquisition of Anglo-Dutch steelmaker Corus.
The world's leading funds and financial institutions have invested in Unitech Corporate Parks Plc, the company that the Unitech Group floated last week at the London Alternative Investment Market.
Real estate major Unitech plans to raise £360 mn(nearly Rs 31 billion) by listing on the London Stock Exchange.
Reuters Group Plc, which runs one of the world's leading news agencies as well as other financial data businesses, today said it has received an unsolicited takeover offer, but did not identify the potential bidder.
