Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.
Leading oil companies dedicated the second day of India Energy Week (IEW) 2025 to announcing strategic deals and business agreements across the supply chain - from sourcing more crude oil supply to deploying more domestic ships and building gas distribution capacity.
Petroleo Brasileiro SA or Petrobras, Brazil's state-controlled oil firm, has offered ONGC its 15 per cent interest in the Krishna Godavari basin block that sits next to Reliance Industries prolific KG-D6 fields without any cost.
Once the deal is inked, the two companies will also jointly bid for exploration blocks under the ninth round of auctions in Brazil.
Oil and Natural Gas Corporation has offered Brazilian oil firm Petroleo Brasileiro SA (Petrobras) a stake in its east coast blocks in exchange for getting a 15 per cent stake in a Brazilian exploration acerage.
The MoU seeks cooperation in upstream, midstream and downstream activities.
Reliance Industries, the largest Indian private company, is in talks with Brazilian energy giant Petroleo Brasileiro (Petrobras) to set up two petrochemical joint ventures, sources close to the development said. Both greenfield projects will require a total investment of around $6 billion (nearly Rs 25,800 crore).
Brazilian oil major Petrobras has mopped-up about $70 billion in the world's largest share offering.
Interest from Malaysia's Petronas in Cairn India and Swiss Petroplus in Cairn India's parent, Cairn Energy, saw the shares of both the companies gaining on the bourses.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, will acquire US energy firm ExxonMobil's 30 per cent stake
Oil and Natural Gas Corporation had in 2007 farmed out 15 per cent stake in the KG-DWN-98/2 block, which sits next to Reliance Industries' KG-D6 block, to Brazil's state-controlled oil firm Petroleo Brasileiro SA or Petrobras.
Bharat PetroResources, a wholly owned subsidiary of BPCL and Videocon Industries, holds 40 per cent of the block. Brazil's Petrobras holds the remaining 60 per cent.
In the first allegation of corruption linked to next year's Olympics in Rio de Janeiro, Epoca magazine reported that construction company Carioca Engenharia allegedly bribed the speaker of the lower house of Congress in order to secure funds for a massive port area regeneration project.
Oil and Natural Gas Corp (ONGC) is in talks with super majors like ExxonMobil to replace Norway's Statoil and Petrobras of Brazil who have decided to quit its KG basin gas block.
The state-run Oil and Natural Gas Corporation (ONGC) has agreed to pay over Rs 3,914.39 crore (Rs 39.14 billion) for hiring an ultra deep-sea drill rig from Reliance Industries for four years, a top company official said.
In an act of protest against a corruption scandal that has stirred Brazil one artist has blindfolded several 100 statues, including one of Mahatma Gandhi.
Launching a major global initiative for attracting foreign investment in the hydrocarbon sector, India on Monday held a roadshow in London for auctioning 55 oil and gas exploration blocks.
ONGC signed an agreement with the Norwegian deepwater export to develop deepwater oil and gas blocks on Monday evening.
'My enduring memory of Lula is personal,' says Ambassador B S Prakash, our former envoy in Brazil. 'He was visiting India after retirement to accept an award.' 'At a private dinner in the Brazilian ambassador's residence, where I too was present, he was missing at the end of the evening.' 'We all went looking for him in the sprawling house to find him eventually in the kitchen talking happily to the cooks and servers.' 'He was thanking them for the excellent meal and service!'
Oil and Natural Gas Corporation has lost out on a bid for an oil block in Angola to a Chinese-led consortium.
Brazil's World Cup stadium in Natal is up for sale as the company that owns it is suffering from cash flow problems following a corruption scandal.
Vice President Michel Temer was sworn in as new President.
The Datafolha polling institute survey published in the Folha de S.Paulo newspaper also found that 63 percent of those asked in the latest poll think the Olympics will bring more costs than benefits, up from 38 percent three years ago.
One of Brazil's largest builders, Andrade Gutierrez, will confess to paying bribes for 2014 FIFA World Cup contracts and business with state-run companies Petrobras and Eletrobras, a newspaper report said on Friday.
All infrastructure for the Olympic Games in Rio de Janeiro will be ready before they begin in August, including a much-delayed metro line, Brazil's newly appointed Sports Minister Leonardo Picciani said in an interview on Wednesday.
For India's upstream sector that has seen no new discovery coming into production.
News of all that's transpired on and off the football field
The Rio de Janeiro 2016 Olympics countdown got under way on Thursday with the lighting of the torch at the site of the ancient Olympics, with organisers hoping it will shift attention away from Brazil's political and financial turmoil.
RIL, which has faced numerous delays in getting approvals and shifting goal-posts, said the country did not have a stable policy regime and this was responsible for exit of global energy giants like Royal Dutch Shell, BHP Biliton of Australia, Statoil of Norway and Brazil's Petrobras.
'Not one single country, anywhere in the world, is corruption-free,' the report said.
Traders have all but given up attempting to predict where the new-year rout will end
Just one year after taking office, Prime Minister Narendra Modi is facing a challenge that could come to haunt him.
The United States Olympic Committee told US sports federations that athletes and staff concerned for their health over the Zika virus should consider not going to the Rio 2016 Olympic Games in August.
Here's a look at the events that shaped the world last week.
Srikanth Kondapalli on what to expect from the seventh BRICS summit meeting to be held in Russia in July.
The largest athlete's village in the history of the Games is a visceral monument to now-faded optimism. Planned when Brazil was booming, its harnessing of private sector wealth was meant to set the gold standard for a sustainable Olympics. Instead, the worst recession in generations pushed the luxury apartments out of reach.
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