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ICICI Bank up 7% on Essar Oil deal; market cap gains Rs 9,771 crore

ICICI Bank's stock surged 7 percent today, adding Rs 9,771.57 crore to its market valuation, as NPA worries in the banking sector receded following the USD 13-billion asset sale by Essar Oil for paring debt.

ONGC Videsh to raise $900 mn bridge loan to finance Vankor buy

ONGC Videsh Ltd (OVL) will raise a bridge loan of close to USD 900 million overseas to fund acquisition of an additional 11 percent stake in Russia's Vankor oilfield.

ONGC Videsh's additional 11% Vankor stake buy gets Cabinet nod

The Union Cabinet today approved ONGC Videsh buying an additional 11 per cent stake in Russia's Vankor oil field for USD 930 million.

Heineken ups stake in United Breweries; buys shares worth Rs 152 crore

Heineken International BV, the maker of Heineken beer, has increased its stake in United Breweries by buying shares worth Rs 152 crore in an open market transaction today.

ONGC inks deal to buy extra 11% stake in Russian Vankor fields

State-run explorer Oil and Natural Gas Corp (ONGC) has signed definitive agreements with Russian state-run oil major Rosneft OAO to purchase additional 11 per cent stake in JSC Vankorneft.

RBI allows more foreign stake in private sector banks

The Reserve Bank of India has allowed foreign banks higher shareholding in private sector lenders in the country under exceptional situations as it tweaked the guidelines, against the backdrop of norms on licensing of new banks.

Indian-origin tycoon Sanjeev Kumar Gupta formally bids for Tata Steel UK

Metals major Liberty House, founded by Indian-born industrialist Sanjeev Kumar Gupta, has formally submitted its bid for acquiring most of the UK assets of Tata Steel, that has suffered nearly $3 billion in losses thus far.

Tata Sons to hike AirAsia India stake to 49%

Tata Sons will hike its stake in AirAsia India to 49 per cent by acquiring additional shares from Arun Bhatia's Telestra, which will be exiting the no-frills airline.

Heineken picks up United Breweries shares worth Rs 179-cr

Beer maker Heineken International today consolidated its stake in United Breweries Ltd (UBL) by picking up over 21 lakh shares of Vijay Mallya-led firm for Rs 179 crore through open market transactions.

Rakesh Jhunjhunwala, wife buy 25 lakh shares of SpiceJet for Rs 10 cr

Ace investor Rakesh Jhunjhunwala and his wife Rekha today picked up 25 lakh shares of budget carrier SpiceJet for an estimated nearly Rs 10 crore.