Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / News/  The Mint Report for 29 March 2011
BackBack

The Mint Report for 29 March 2011

The Mint Report for 29 March 2011

Premium

Reliance Industries is a step closer to getting government approval for its mega deal with BP. Mint has learnt that the RIL has given its applications for the deal to the petroleum ministry. An approval is expected by the second week of April.

The proposed RIL–BP deal could be the largest FDI India has ever seen. It entails BP acquiring 30% stakes in RIL’s 23 oil and gas fields for $7.2 billion. The fields in question include RIL’s flagship KG D6 block.

Loading video...

In other news, the CBI has made two more arrests in the 2G spectrum scandal. Two executives from DB Realty, Asif Balwa and Rajiv Agarwal were picked up for questioning on Tuesday. Asif Balwa’s brother Shahid was arrested in February. Formal charges will be filed by Thursday.

Indian markets have risen for a sixth trading session in a row. The Sensex jumped 178 points to 19,121. And the Nifty went up 49 to 5,736.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 29 Mar 2011, 11:22 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App