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Briefly Business

ONGC Videsh did not bid for any of the 13 blocks on offer in Sri Lanka mainly due to poor prospectivity

Written by Express News Service | New Delhi | Published: December 7, 2013 2:30:24 am

Cairn India bids for one block in Sri Lanka; OVL skips

Cairn India has bid for one oil and gas exploration block in Sri Lanka while ONGC Videsh did not bid for any of the 13 blocks on offer in that country mainly due to poor prospectivity. Bids for 13 offshore exploration blocks offered in the Sri Lankan Licensing Round,only the second in its history,closed on November 29.

Maruti,Hyundai to hike prices from January

Cars will become costlier from January with major manufacturers Maruti Suzuki and Hyundai stating that they will hike prices from next month,joining the likes of Mercedes,BMW,Audi and Honda.

Vodafone proposal: FIPB to meet on December 9

The Foreign Investment Promotion Board’s meeting to consider Vodafone’s proposal on buying the remaining stake in its Indian arm has been postponed for Monday.

Power Grid share sale oversubscribed

New Delhi: The share sale offer of Power Grid Corporation was subscribed 6.73 times on the final day of offer on interest from institutional and retail investors.

ITC hotels wins clutch of travel awards

ITC Hotels at various locations have won the CondeNast Traveller India Readers’ Travel Awards. Among them are ITC Grand Chola,Chennai,ITC Mughal,Agra and the ITC Maurya,

New Delhi.

(with PTI inputs)

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