ONGC wins most blocks in hydrocarbon auctionOctober 12th, 2009 NEW DELHI - State-run Oil and Natural Gas Corp (ONGC) has bagged 13 blocks in the latest round of auction of hydrocarbon assets, which saw only about half of the oil blocks receiving bids. If ONGC is getting those blocks, then they should find resources to meet their commitments, said Petroleum Secretary R.S.
Summary Box: Air Force kicks off $35 billion tanker competition between Boeing, NorthropSeptember 25th, 2009 Summary Box: Air Force restarts $35B tanker dealFRESH START: The Air Force on Friday released its latest request for bids on a $35 billion contract for mid-flight refueling tankers coveted by Boeing Co. and Northrop Grumman Corp.
Ecuador in talks to buy South African warplanesSeptember 25th, 2009 QUITO - Ecuador is in talks to purchase 12 Cheetah C fighter jets from South Africa for the armed forces, a media report said citing Defence Minister Javier Ponce. Ecuador Air Force has recommended the purchase of South African warplanes due to its low cost, the El Universo daily reported.
2 plead guilty to trying to bribe US Army captain for road-building contract in AfghanistanAugust 7th, 2009 2 plead guilty to offering bribe in AfghanistanALEXANDRIA, Va. — Two men have pleaded guilty to offering a $1 million bribe to a U.S.
Congressman wants hearing on GM's cancellation of metals contract with Montana mining companyJuly 28th, 2009 Mont. lawmaker seeks hearing on GM mining contractBILLINGS, Mont. — A Montana congressman wants a hearing into General Motors Co.'s continued use of foreign precious metals suppliers after canceling a contract with a Montana company.
Spices Board may consider contract farming in South AfricaJuly 26th, 2009 JOHANNESBURG - The Spices Board of India may consider the possibility of pushing cultivation of Indian spices in South Africa through contract farming amid growing requests for seed exports by locals. The board, which exhibited Indian spices at the July 19-21 South African International Trade Exhibition (SAITEX), says it has found buyers but not enough distributors.
Report: Deadline this week for initial, nonbinding bids to buy slumping Boston GlobeJuly 5th, 2009 Report: Initial bids due to buy The Boston GlobeBOSTON — A deadline is approaching for the possible sale of The Boston Globe. The New York Times Co., which owns the Globe, has set a Wednesday deadline for initial, nonbinding bids.
China makes inroads, signs multi-million dollar deal for Ethiopian roadJune 28th, 2009 ADDIS ABABA - China continues to make inroads into Africa, as it bagged yet another major order for building infrastructure in the East African state of Ethiopia. China's state infrastructure major, China Road and Bridge Corporation (CRBC) has signed an agreement to construct a new expressway connecting Ethiopia's capital to another city in the centre of the country, Nazreth.
Indian EXIM bank to open office in Addis AbabaJune 27th, 2009 ADDIS ABABA -The Export and Import (EXIM) Bank of India is in negotiations with Ethiopian officials about the opening of an East African office in Addis Ababa. Board directors of the bank have already decided to open their East African office in Addis Ababa so as to support Indian companies' growing investment in eastern Africa, Indian embassy officials told IANS..
Africa looking towards India, China: Senegal presidentJune 24th, 2009 BRUSSELS - Senegal's President Abdoulaye Wade Wednesday criticised European Union (EU) policies towards Africa and said the continent was looking towards India and China for its economic needs, EuAsiaNews reported. Addressing a press conference in Brussels Wednesday, the Senegalese president accused the EU of isolating Africa and raising barriers against "black Africa".
African highway project contract to be awarded soonMay 31st, 2009 ADDIS ABABA - The contract for the proposed Dakar-Djibouti highway project will be awarded soon, according to the New Economic Partnership for African Development (NEPAD), a multi-nation organisation set up to ensure an integrated socio-economic development in Africa. "Two engineering companies from South Africa and Tunisia are competing for this huge infrastructure project," said NEPAD transportation consultant Adama Deen at a recent press briefing in Midrand, South Africa.
Will 3rd time be a charm? Auto union to vote again on contract in bid to keep NY plant openMay 30th, 2009 Union bids again to keep NY plant openEAST SYRACUSE, N.Y. — Members of a New York United Auto Workers union are voting for a third time to try to save a suburban Syracuse parts plant from closing.
For 3rd time, auto union rejects contract aiming to keep NY parts plant from shutting downMay 30th, 2009 Union rejects bid again to keep NY plant openEAST SYRACUSE, N.Y. — Members of a United Auto Workers union have rejected a contract aimed at saving a suburban Syracuse plant from closing.
Indian engineering exporters bank on Africa, Southeast AsiaFebruary 28th, 2009 KOLKATA - At a time when the world is reeling under the economic meltdown, exporters of engineering goods in the country are looking to Africa and Southeast Asia for salvation. 'Though they predominantly buy engineering goods from China, last year they faced some difficulties and now they want India to be developed as a second supplier,' R.P.
'India Inc. should focus on investment, not trade'January 18th, 2009 NEW DELHI - Indian Inc. needs to shift its focus from trade to investment in order to compete with China, Minister of State for Commerce and Power Jairam Ramesh said here Monday.
Loading ...