Business Highlights Of The Day


New Delhi, Sep 29 (PTI) Following are the top business stories till 1900 hrs Saturday:

Mumbai: The AGM of IL&FS, which was expected to throw up concrete plans to tide over the liquidity crisis at the government-backed infra major, Saturday failed to make any headway with no clear commitment from its large shareholders to take part in the Rs 4,500-crore rights issue.

New Delhi: The board of state-run Vijaya Bank Saturday gave in-principle approval for its merger with Bank of Baroda along with another PSU lender Dena Bank.

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) will barely break even at the new natural gas price that will come into effect from October 1, its Chairman and Managing Director Shashi Shanker has said.

New Delhi: Breaking its three-day losing streak, gold bounced back by Rs 250 to Rs 31,550 per 10 gram at the bullion market Saturday in sync with a firm trend overseas amid fresh buying by local jewellers.

New Delhi: ONGC Videsh Ltd and its partners in Russia’s Sakhalin-1 project have agreed to pay Russian giant Rosneft USD 230 million to settle an oil production dispute out-of-court, its managing director N K Verma said. PTI



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