Mumbai: The Indian stock market’s benchmark Sensex opened 497 points down on Tuesday dragged by selling pressure in consumer durables and realty stocks. The 30 stock S&P BSE Sensex fell 497.23 points or 0.89 per cent to close at 55,178.09 points The broader Nifty 50 of the National Stock Exchange fell 145.60 points or 0.88 […]
The merger of mortgage firm HDFC Ltd with its progeny HDFC Bank, the biggest merger in India’s corporate history, signals consolidation in the private banking and NBFC space and also demonstrates the success of regulatory changes over the past few years. It is a win-win situation as the combined and bigger balance sheet also means […]
Accordingly, RIL and bp have been developing three deep-water gas developments in block KG D6 - 'R Cluster, Satellite Cluster and MJ' - which together are expected to produce around 30 mmscmd.
Though downstream margin outlook continues to be subdued, recovery in crude price has improved visibility of strategic stake sale in RIL's O2C business, which could help put a floor to valuations.
RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet 15 per cent of India's gas demand by 2023
