Aban offshore has a Rs 13,000 crore debt on its books and a market cap of only Rs 1,645 crore, down 90 per cent from its peak on May 23 last year. The huge debt is a result of the company, earlier known as Aban Lloyd, buying a 33.7 per cent stake in Sinvest ASA, a Norwegian drilling company, for Rs 5,200 crore. The acquisition gave Aban access to eight premium jack-up rigs with contracts, but it also increased its debt substantially.
Mobile manufacturer Motorola is planning to introduce around 10-15 new models for the Indian market this year, including `Motorokr' and `MotoQ' for the upper segment of the market.
The potential entrants include the Essar Group, Punj Lloyd, Larsen & Toubro, real estate developer Atlanta, Hyderabad-based Nagarjuna Construction and Delhi-based DS Constructions.
Australian umpire Simon Taufel said he was 'very upset' to have handed a poor decision to Tendulkar.
Goldman Sachs on Wednesay began celebrating confirmation of bumper bonuses for this year, with the chairman and chief executive, Lloyd Blankfein, expected to lead the pack with a 30 per cent increase in his pay to about $70m.
Shilpa Shetty joins the celebrity gang at the UK reality show.
United States retained the Olympic gold medal in women's soccer on Thursday with a 1-0 extra-time win over Brazil, who fell at the last hurdle for the third major competition in a row.
Here are precious family moments that the players stole after their historic victory...
GAIL (India) Ltd has agreed to infuse an additional Rs 500 crore (Rs 5 billion) into Ratnagiri Gas and Power Pvt Ltd to enable the owner of the beleaguered Dabhol plant to clear pending dues of contractors.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
'I might in the future step out of a Dileesh Pothan movie not completely satisfied, but content I'll be in the knowledge that our greatest living film-maker had failed striving to be something more than just an auteur,' notes Sreehari Nair.
Rajneesh Gupta gives us all the numbers to tell us how the Indian skipper creates new record after record.
The world's second largest mobile phone company, Motorola, is expecting its manufacturing unit in India to commence production by the first quarter of 2007.
ICICI OneSource, India's leading business process outsourcing provider has won multiple awards from the National Outsourcing Association, UK at the association's annual ceremony in London on Thursday.
The actress has been offered a plum part in Andrew Webber Lloyd's musical.
Premier League leaders Manchester United outclassed bottom side Watford 4-0 on Wednesday to maintain their six point lead over Chelsea, who beat Blackburn Rovers 3-0.
Infrastructure and real estate prominently feature as wealth destroyers.
Here are some special moments from the gala night in Zurich on Monday...
India's 10 biggest cities face a whopping $179.8 billion (Rs 11.9 lakh crore) risk from a series of threats over the next decade.
Brian Lara faces a probe for criticising selection policies and pitch conditions during the Test series against India
Transcript of the weekly stock market chat with Pranav Sanghavi.
Global investment and financial services major Goldman Sachs will pump in more direct investment into India, besides expanding operations, Lloyd C Blankfein, president and chief operation officer, Goldman Sachs Group Inc said on Thursday.
'I was actually appointed captain for the West Indies tour (in 1971).' 'But Mr Vijay Merchant (the then chairman of the selectors) didn't like me nor did he like 'Tiger' Pataudi. He thought we were far too flamboyant.' 'He made Ajit Wadekar captain.'
The former India speedster will join former West Indies captain Clive Lloyd and Australia's Alan Hurst in the panel.
Haresh Pandya recounts one of the biggest upsets in One-day cricket.
The visitors are scheduled to play four one-dayers against India, starting January 21.
The ICC announced the Emirates Elite Panel of umpires for 2014-2015, commencing from July 1, following the annual review and selection process.
Anglo-Dutch steel company Corus, currently in the midst of a takeover bid by India's Tata Steel and Brazil's CSN, has been fined more than three million pounds for breaching health and safety laws at a factory where an explosion killed three workers
The southpaw is in London for a six-week stint with Northamptonshire as a stand-in for Aussie batsman Chris Rogers.
Mobile handset manufacturer, Motorola has launched an entry-level phone, Motofone, to tap the rural market in India.
Secretary of State Mike Pompeo said the United States recognises -- as have Israeli courts -- the legal conclusions relating to individual settlements must depend on an assessment of specific facts and circumstances on the ground.
It is the first time that India have made a clean sweep in a Test series in the West Indies.
Title holders Delhi Waveriders register their first victory of the season, following a 3-1 win over debutants Dabang Mumbai in a league match of the third edition of the Hero Hockey India League.
The ICC will now appoint a member of the ICC Code of Conduct Commission who will have seven days to hear and determine the appeal.
