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This is an archive article published on November 7, 2013

Briefly Business: OVL,Cairn to jointly bid for Sri Lankan blocks

Sri Lanka is offering 13 offshore exploration blocks in the Cauvery and Mannar basins,located to the North and West of the island nation.

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New Delhi: ONGC Videsh Ltd,the overseas arm of Oil and Natural Gas Corp,and Cairn India Ltd are likely to bid jointly for oil and gas blocks in Sri Lanka. Sri Lanka is offering 13 offshore exploration blocks in the Cauvery and Mannar basins,located to the North and West of the island nation. OVL,Cairn are likely to bid for three of them together,sources with direct knowledge of the development said. PTI

10th AI Dreamliner flown in from the US

New Delhi: Notwithstanding a string of glitches faced in the recent past,the tenth Dreamliner of Air India flew in here from the Boeing headquarters in Seattle today,with civil aviation minister Ajit Singh on board. PTI

Zomato raises $37 mn in fresh funding

New Delhi: Zomato,a web-based restaurant search engine,said on Wednesday it had raised $37 million from Sequoia Capital and Info Edge India to fund its expansion in overseas markets. PTI

Bhattacharya to be NIBM director

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New Delhi: The RBI has approved the selection of Achintan Bhattacharya (retired joint secretary of the department of financial services) for the post of director,National Institute of Bank Management,the apex banker’s training institute. ENS

SMS spurt: Sebi cracks the whip on 37 entities

Mumbai: In a major crackdown on entities luring investors fraudulently through SMSes,Sebi has barred 37 entities from capital markets. The market regulator had initiated an investigation after it noticed an outburst of short text messages (SMSes) during February-March 2013,luring investors to buy the scrip of SMS Techsoft (India) Ltd. PTI

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