Sesa Sterlite: Parent to gain, but little cheer for Sesa investorsMerger of Sesa Goa and Sterlite Industries makes the newlyformed entity Sesa Sterlite the seventh-largest resources player in the world.
- Indian iron ore prices may be delinked from global levels
After pushing towards shorter supply contracts, that reversed a 40-year tradition, the extreme volatility in iron ore prices has sprung yet...
- Steel cos in a dilemma over war between miners, steelmakers
The global war between miners and steelmakers, which pushed up coking coal prices by 52%, has put Indian steel companies in a dilemma.
- China's Sinochem looks to rope in NMDC for joint PotashCorp bid
China’s Sinochem has approached the National Mineral Development Corporation, or NMDC, for a joint bid to acquire Canada’s PotashCorp, the ...
- ONGC in talks with energy giants for tie-up for K-G gas block
State-owned Oil and Natural Gas Corporation (ONGC) is in talks with energy majors BP Plc, Exxon Mobil, BG Group, Eni and BHP Biliton for a ...
- ONGC in tie-up talks with BP, others for KG gas field
State-owned Oil and Natural Gas Corp (ONGC) is in talks with five foreign firms--BP Plc, Exxon Mobil, BG Group, Eni and BHP Biliton--for a ...
- Turnaround a personal victory for KM Birla
Birla had more than one reason to smile when Novelis, a Canadian firm he bought in 2007 for around $6 billion, staged a turnaround in the S...
- Birla proves a point with Novelis turnaround story
The company turned around on the back of strong sales in Asia and South America.
- No takers for half the oil & gas blocks auctioned under NELP
Drawing a poor response, India’s largest oil and gas licensing round saw a total of 76 bids being received for 36 out of 70 blocks on offer.
- ONGC bags most blocks in lukewarm NELP round
State-run ONGC bagged over a third of the blocks in muted bidding for India's largest ever auction of oil and gas areas.
- Poor response to NELP 8 auction, RIL abstains
India's largest oil and gas licensing round saw a total of 76 bids being received for 36 out of 70 blocks on offer. Gainers: BSE ( A, B ), ...
- Hindalco may buy Australian coal mine for Rs 385 crore
Hindalco Industries is close to acquiring a coal mine in Queensland, Australia, in a deal estimated at $70-$80 million (about Rs 336-385 cr...
- Gujarat NRE to acquire coal mine from BHP Biliton
Gujarat NRE Coke Limited on Wednesday announced it will acquire an Australian coal mine Elouera Colliery from global mining giant BHP Billi...