"India is one of the largest and fastest growing energy markets in the world and this agreement allows us to continue our investment and expansion in the country," Stuart Fysh, BG Group's executive vice-president and managing director for Africa, Middle East and Asia said in the statement.
"We have reviewed our current exploration portfolio and resources. We feel that we are not in a position to commit resources required for undertaking exploration and production activities in Iraq," Tushar Pania of Reliance said."While the slowdown in the Indian manufacturing sector is not pervasive and has affected only some sectors, but it is a cause for concern," the FICCI survey said.
Shareholders of Ranbaxy will be entitled to receive one share of the new subsidiary, Ranbaxy Life Science Research Ltd, for every four shares held in Ranbaxy, it said.
"I don't know what is the basis of this news. We are not in talks with NTPC for any stake sell at present," said Joseph Massey, director of the country's first power bourse IEX.
"We don't see how the current fundamental backdrop could justify an advance beyond the $98 mark," MF Global said in a daily report.
"For Lockheed Martin, the potential market in India is probably the largest in Asia Pacific," Richard Kirkland, Lockheed Martin's President South Asia
Shares of OnMobile Global Ltd listed at 434.90 rupees on Tuesday, down 1.2 percent from its issue price of 440 rupees a share.
Armani will bring 10 million rupees ($250,000) to the venture, which would "also act as a wholesaling firm supplying Armani-branded products to other independent retailers", DLF said.
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arun.T
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