• Cairn India is open to buying the 30 per cent stake that government-owned Oil and Natural Gas Corporation (ONGC) owns in its oil block in Rajasthan. Cairn India is the operator of the block, with 70 per cent ownership currently.
• Great Offshore, which saw an effective change of management control last week, stands to lose Rs 73 lakh daily revenue after missing the deadline to provide a shallow water rig to the Oil and Natural Gas Corporation (ONGC).
• With just two days to go before the general election results are declared, the six board members of Satyam Computer Services today met Prime Minister Manmohan Singh and Planning Commission Deputy Chairman Montek Singh Ahluwalia.
• More than a fortnight after its workers went on an indefinite strike, Nestle India today partially resumed production at its factory in the industrial town of Pantnagar in Uttarakhand.
• As Indian car manufacturers plan to tap the growing global market for fuel-efficient compact cars through a series of launches in Europe and the US, Maruti and Tata Motors recently went scouting to Detroit for experienced engineers.
• Singtel, which holds nearly 30 per cent stake in India's Bharti Airtel, has posted a steep drop in the fourth quarter profit to about USD 615.3 million even as the Indian entity's contribution to the bottomline rose 18 per cent during the same period.
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