Oil Drilling and Exploration major, Cairn India has unveiled its plans to invest US$2bn for developing oil fields in Rajasthan and to build a crude pipeline over the next 18 months.

French cement maker, Vicat has made announcement that the company has entered into a joint venture agreement with Sagar Cements to build a $625 million cement plant at Gulbarga in the Indian state of Karnataka.

In the joint venture named Vicat Sagar, Vicat will hold 51 percent shares, and Sagar Cmenets will hold 49 percent.
Further, Viscat will also acquire 6.6 percent stake in Sagar Cements.

While lecturing on the deal, Dr Anand Reddy, joint managing director of Sagar Cements said, “this transaction gives us the opportunity to expand our scale and size and consequently strengthen our competitive position. We also look forward to leverage on Vicat's high degree of experience and expertise in fields like waste fue; and product development.”

The boom in media industry is attracting various non-media groups to invest in it.

All Indian airlines are suffering from loss. The sudden rise in the fuel prices is the major factor responsible for their loss. Jet airways announced its maximum loss in last three years.

Cairn India began the construction of the country's first heated oil pipeline to take the "waxy" crude from its fields in Barmer (Rajasthan) across a distance of 600 km to Salaya (Gujarat).

Apparel maker S Kumar’s Nationwide (SKNL) announced that the PE investment arm of the Government of Singapore Investment Corp (GIC), will invest Rs9 billion ($209 million) to take a 25.4% equity st