ONGC and Reliance Industries signed a Memorandum of Understanding that allows them to share infrastructure on the east coast.
Infrastructure
Tecnicas Reunidas to win US$1 billion contract
Spanish industrial engineering company, Technicas Reunidas SA announced that they are in the final stages to win a US$1 billion contract for a natural gas processing plant.
FERC fines J.P. Morgan Ventures Energy Corporation USD 410 million
A unit of J.P. Morgan Chase & Co. was slapped USD 410 million in fines by the FERC. The Federal Energy Regulatory Commission (FERC) fined a unit of J. P.
PBOC injects CNY 17 billion (USD 2.7 billion) in local market to ease credit crunch
China's central bank infused its local money markets with CNY 17 billion (USD 2.7 billion) and eased concern over a repeat of last month's credit squeeze.
No major investments for India's manufacturing sector: survey
The India Manufacturing Barometer survey revealed that manufacturing companies will be holding off on new investments this year.
Latest News
To expand the country's mobile phone infrastructure, Ethiopia signed a US$1.6 billion deal with two Chinese firms.
Unipex subsidiary Lucas Meyer Cosmetics recently purchased cosmetic ingredients and IP rights from Avrio-backed Biopharmacopae.
Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.
Freeport Indonesia has said that it will be offering the public a 5% stake in the mining company. The Indonesian subsidiary of Freeport McMoRan Copper & Gold Inc.
Qinhuangdao Port Co. said that they are planning to raise US$800 million through an initial public offering.
Indonesia biggest taxi operator, Blue Bird Group, plans to raise US$600 million through an initial public offering.
Electronic Arts Inc. stated that US$90 million of the company's overall revenue of US$103 million came from developing games for tech titans like Apple.
CBS Broadcast Network and Time Warner Cable Inc announced that they will continue their negotiations for broadcast fees.
IHS announced that it had collected a total of US$522 million from the IFC and private equity investors.
