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ONGC buys 15% stake in Russia's 2nd-largest oil field from Rosneft

State-owned Oil and Natural Gas Corp. (ONGC) has bought a 15 per cent stake in Russia's second-largest oil field from Rosneft for about USD 1.35 billion.Sources said that ONGC Videsh Ltd, the overseas investment arm of the state explorer, signed agreements in Moscow to buy 15 per cent...


Govt to invest Rs 8.5 lakh cr in Railways

Minister of State for finance Jayant Sinha today said government will invest 8.5 lakh crore rupees in Indian Railways to change the face of the sector. Speaking at the 55th Annual convention of Automotive Component Manufacturers of India in New Delhi, Mr. Sinha said, after a decade of chronic under...


IMF warns slower growth in China

The International Monetary Fund has warned slower growth in China and continuing stock market uncertainty pose a threat to global economic growth. China's slowdown appears to have bigger repercussions for other countries than had been expected. The troubles in China have sent the prices of com...


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