NEW DELHI - Oil and Natural Gas Corp (ONGC) has paid just over $1.25 billion for a 15 percent stake in Russian oil major Rosneft's Vankor oil field, a source with direct knowledge of the deal said on Friday.
NEW DELHI, - India could save about $1.8 billion on fertiliser subsidies this year thanks to low energy prices but Prime Minister Narendra Modi's government, two sources said, has no plans to remove price controls, a reform that would risk angering farmers.
DEWAS, India - Rajesh Agrawal had built two large oilseed crushing mills in central India, betting on rising local consumption of edible oils. But now after 30 years of soaring demand and good business, his main mill is shut and covered in grass.
GENEVA/BUDAPEST - The United Nations' refugee chief called on Friday for Europe to mobilise its "full force" in tackling its migrant crisis, just as Hungary's right-wing leader told Europeans they risk becoming a minority on their own continent. | Video
MELBOURNE - Green groups lost a fight to stop billionaire Gina Rinehart and India's GVK from building a giant coal mine in Australia, as a court on Friday dismissed an appeal against the state of Queensland's environmental approval for the project.
KOBANI, Syria - Two Syrian toddlers who drowned with their mother as they were trying to reach Greece were laid to rest in the Syrian town of Kobani on Friday, a Reuters witness said.
BANGKOK - Forensic tests on two suspects have failed to find a link to the site of Thailand's deadliest bomb attack, police said on Friday, dealing a blow to the investigation.
MUMBAI - Indian drugmaker Cipla Ltd is set to buy two U.S. generics businesses in cash deals worth $550 million, it said on Friday, following rivals with a push to enhance its presence in the world's largest generics market.
NEW DELHI - India's government has cancelled a licence that allowed Greenpeace International's Indian unit receive donations from abroad, the environmental group said on Thursday.
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