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LUBRICANT BUSINESS SALE
Aditya Birla group, KKR left in race for Sprng EnergyAditya Birla Group and KKR are vying to buy Shell's renewable energy firm Sprng Energy. Binding financial bids are in, and Shell will negot...- Trump's new front against Iran: The US hunts hidden crypto networksAmerica's Operation Epic Fury is now Operation Economic Fury. The US is targeting Iran's cryptocurrency networks. This aims to stop Iran fr...
- NIIF in talks with Temasek, leads race for $1.7 bn Sprng Energy buyActis, AV Birla Group & KKR are other contenders in fray, binding bids in coming days.
- GM’s ACDelco returns to India with Assurance Intl licensing dealACDelco, the aftermarket automotive products brand of American auto major General Motors, has made a comeback in India. Assurance Intl Ltd ...
- Castrol India shares soar 11% as Saudi Aramco eyes BP’s lubricant businessCastrol India shares: Saudi Aramco is considering a potential bid for BP's Castrol lubricants business, according to a Bloomberg News repor...
- Castrol India Q2 Results: Net profit rises to Rs 232 crore on sustained demandEngine oil maker Castrol India reported a 3.1% increase in second-quarter profit on Thursday as the continuing rise in vehicle sales booste...
- Platinum Industries IPO to open for subscription on February 27Platinum Industries IPO is completely a fresh equity sale of 1.37 crore shares with no offer-for-sale component. The price band for the iss...
- Platinum Industries IPO to open for subscription on February 27; price band fixed at Rs 162-171Platinum Industries IPO is completely a fresh equity sale of 1.37 crore shares with no offer-for-sale component. The company had set a pric...
- Chevron's Caltex Lubes returns to India after 12 years; HPCL to market itChevron Corporation is re-entering the Indian lubricants market after a 12-year absence through a partnership with state-run Hindustan Petr...
- Shell to sell Russian retail and lubricants business to LukoilEnergy giant, Shell has announced the selling off its retail and lubricants business to Lukoil as the effect of the Russian invasion of Ukr...
- Petronas eyes bigger slice of India energy pieThe company has committed $150 million investment on expanding its lubricant business, of which $50 million is being invested in a manufact...
- BP sells 8.53% stake in Castrol India, holds 51%Castrol India has grown successfully over decades and, as majority shareholder, BP remains committed to supporting its continued growth.
- UK's BP offloads 11.5 per cent stake in Castrol India for Rs 2,075 croreThe decision would not have any major impact on staff or customers of Castro India as BP intends to continue as the majority shareholder, s...
- Sweden's SKF buys Lincoln Industrial for one billion dollarsSweden's SKF announced Tuesday the purchase of Lincoln Industrial, a US-based engineered lubrication systems maker, for one billion dollars.
- Hindujas to raise $1 bn through Petromin IPOThe Hinduja group, controlled by billionaire Hinduja brothers, plans to raise nearly $1 billion (approximately Rs 4,715 crore) through an i...
- Shell to buy BPCL's stake in Bharat ShellBPCL is exiting the joint venture company, floated in 1993 to market Shell branded lubricants in India. Polycom eyes India acquisitions
- Gulf Oil buys Petromin for $200 millionGulf Oil International, part of Hinduja Group and Dabbagh Group of Saudi Arabia, have bought Petromin, a joint venture between Saudi Aramco...
- Motul plans JV, may directly operate in IndiaALSL has a three-year technical licensing agreement with Motul to manufacture and market Motul products in India, Bangladesh, Sri Lanka, Ne...
- Govt against selling Tide Water stake to ONGCThe government has decided to call off the sale of its stake in auto lubricants maker Tide Water Oil to Oil and Natural Gas Corporation.
- Indian Oil to set up blending facility in DubaiIndian Oil plans to set up its own blending plant at the Jebel Ali Free Zone.
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