Briefly Business

Reliance to close 7.2 bn BP deal this month

New Delhi: Reliance Industries Ltd RIL is likely to close its 7.2 billion deal to sell stake sale in 21 oil and gas blocks to UKs BP plc in the next 7-10 days. While RIL will continue its role as an operator of the blocks,BP will focus on enhancing subsurface understanding.

Cross-border trade of power possible: Shinde

Solapur: Union Power Minister

Sushilkumar Shinde said here today that deficiency in the power generation would soon end,and it would even be possible to trade power with neighbouring countries through the Power Grid Corporation Of India.

Religare Finvest to raise R800 cr via bonds

Mumbai: Non-banking finance company Religare Finvest plans to raise up to Rs 800 crore from retail investors through issue of bonds early next month.

Lack of support slows FDI into power sector: NTPC

New Delhi: State-run NTPC has said that lack of politico-administrative support to tackle commercial losses and poor health of government utilities are among the main reasons for low FDI inflows into the Indian power sector.

Pizza Hut to serve wine at all its outlets

Mumbai: Pizza Hut is all set to introduce beer and wine across all outlets in the country after pilot-testing it at select outlets in Delhi and Bangalore.

BHEL aims R23,755 cr networth in FY12

NEW DELHi: State-owned BHEL is aiming to achieve a networth of Rs 23,755 crore this fiscal as it will brighten the companys prospects of getting the coveted Maharatna status.