New Delhi: With an eight-fold increase, India attracted foreign direct investment (FDI) of $ 8.1 billion in March, the highest ever monthly inflows, despite a brouhaha over Rs 11,000 crore Vodafone tax dispute. Cumulative FDI inflows for the fiscal 2011-12 amounted to $ 36.50 billion, authoritative sources said. In March 2011, the country received FDI worth $ 1.07 billion. The $ 7.2 billion Reliance Industries-British Petroleum (BP) deal, announced in...
10:29 PM, May 09, 2012
New Delhi: BP will discuss divesting some of its assets in Europe and North America to Reliance Industries as it seeks to deepen its partnership with India's largest private sector company, the Economic Times reported on Thursday, citing the British group's chief executive. Bob Dudley told the newspaper the company had announced $25 billion to $30 billion worth of divestments and would continue to manage its portfolio with more asset...
10:04 AM, Sep 29, 2011
New Delhi: Much before the highly acclaimed $7.2 billion Reliance-BP deal, it was state-run ONGC that had proposed a strategic alliance with Europe's second biggest oil firm but was rejected by the oil ministry. While BP Plc yesterday agreed to pay $7.2 billion for a 30 per cent stake in most of Reliance Industries' oil and gas blocks including the gigantic eastern offshore KG-D6 fields, the UK firm had in...
03:43 PM, Feb 22, 2011
British Petroleum is all set to take over 30 per cent stake in 23 oil and gas blocks of Reliance Industries. The deal would fetch Reliance Industries an aggregate of $7.2 billion. The petroleum majors have entered into a 50-50 joint venture for sourcing and marketing of gas. The joint venture is also aimed to create infrastructure for gas transportation. In an interview with CNBC-TV18, Deven Choksey, MD, KR Choksey...
12:00 PM, Feb 22, 2011
Though most experts are not hoping the budget to be a game changer for the market, Anantha Narayan, Co-head Equities, ICICI Securities holds a different opinion. In an interview to CNBC-TV18, he said that the budget is likely to be a positive trigger for the market. Narayan is not so upbeat on the Reliance-British Petroleum deal. According to him, RIL has no substantial upside in near-term. He feels that diesel...
11:34 AM, Feb 22, 2011
There was no problem in getting Government nod says Mukesh Ambani after the deal. ...
10:32 AM, Feb 22, 2011
Undersea robots were also patrolling the well site for signs of trouble. ...
09:54 AM, Jul 18, 2010
Officials are now just watching and waiting, while tests go on to see if the oil well can handle pressure from stoppage. ...
12:10 PM, Jul 17, 2010
BP conducted a test in which it closed valves and vents on a tight-sealing containment cap installed atop its well. ...
08:28 AM, Jul 16, 2010
The cap will enable BP to capture all the oil and funnel it up to ships on the surface if necessary. ...
09:41 AM, Jul 13, 2010
British Petroleum removed a containment cap from its stricken Gulf of Mexico oil well on Saturday. ...
10:59 AM, Jul 11, 2010
![Partner washes hands off oil spill, blames BP]( "Partner washes hands off oil spill, blames BP")
Anadarko Petroleum Corp has pinned blame and financial responsibility for claims on BP. ...
11:59 AM, Jun 19, 2010
British Petroleum chief took one tongue lashing after another as US lawmakers accused him of being uncooperative. ...
01:04 AM, Jun 19, 2010
Tony Hayward was asked several questions over his company's role in the oil spill. ...
01:43 PM, Jun 18, 2010
A tired-looking BP CEO Tony Hayward sat alone at the witness table as lawmakers lambasted handling of the spill. ...
09:03 AM, Jun 18, 2010
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