India's Motherson Sumi buys Finland's PKC Group for $619 million
Indian auto parts maker Motherson Sumi Systems Ltd (MSSL) said on Monday it had completed the buyout of Finland's PKC Group for 571 million euros ($619.4 million).
NEW DELHI India plans to more than double its liquefied natural gas (LNG)import capacity to 50 million tonnes a year, Oil Minister Dharmendra Pradhan told a news conference on Thursday, without giving a timeline.
It has a capacity to import 21 million tonnes of the super-cooled fuel currently.
As the nation moves to a gas-based economy, India wants to increase the share of natural gas in its energy mix to 15 percent in the next three-to-four years from 6.5 percent now, Pradhan said.
(Reporting by Nidhi Verma; Editing by Malini Menon)
TOKYO Bank of Japan board members said easy monetary policy will be in place for some time because consumer price growth is still distant from the central bank's 2 percent inflation target, a summary of opinions from their March 15-16 meeting showed on Monday.
U.S. stocks were well off session lows on Monday as investors sought bargains after a rough start on Wall Street following the defeat of President Donald Trump's first major legislative action.