World Business News

SINGAPORE: Japan's Idemitsu Kosan has bought a total of 70,000 tonnes of naphtha from Mangalore Refinery Petrochemicals Ltd (MRPL) and Oil & Natural Gas Corp (ONGC) at steep premiums on persisting strong Asian demand, traders said on Tuesday.

NEW DELHI: General Motors India today said it will hike prices of its entire range of vehicles by up to Rs 10,000 from next month in order to partially offset impact of rising input costs.

NEW DELHI: Usha Shriram Enterprises plans to divest around 25% of its stake in its venture for the first time in 30 years of its existence as it seeks funds to expand and invest in the lighting business of the company. The company is in final stages of talks with Sudhir Gensets.

MUMBAI/HYDERABAD: Ending months of negotiations, French energy powerhouse, GDF Suez is all set to buy a controlling interest in a power plant owned by Meenakshi Energy, part of the little known eponymous infrastructure group, based in Hyderabad.