An Indian entity, ONGC Videsh Limited has strongly positioned to acquire oil and gas blocks in the Gulf of Mannar basin in Sri Lanka, a media report said.

By R Jagannathan It is perhaps fitting that on the eve of the third anniversary of UPA-2, the finance ministry should indulge in yet another act of looting taxpayers and investors for political expediency.

By Vikas Srivastav May 21 2012 , Mumbai Oil India's (OIL) planned exploratory drilling at the onshore Krishna Godavari (KG) basin has got delayed by atleast three to four months as the company is seeking environmental approval for five of its wells ...

MUMBAI, May 22 (Reuters) - GLOBAL MARKETS * The near-month derivative contract for India's NSE index at Singapore Exchange rose 1.2 percent, while MSCI Asia ex-Japan rose 1.15 percent.

Asian shares gained ground to move off lows as hopes grew that Europe would embark on fresh action to address its debt crisis while promoting growth.