The PSU will team up with state-run GAIL and Indian Oil for possible acquisition
Earlier, an oil ministry source had said all options were open for PSUs on Cairn India
ONGC, GAIL and Oil India could make a counterbid for Cairn India shares
ONGC is the leader of the consortium with 50% share. OIL, GAIL will each have 20-25%
The ground reality will not change by merely changing the policy
Earlier Oil Minister Murli Deora said ONGC and PetroVietnam were considering a joint bid
Rather than struggle with global finance, the Group of 20 should pool its resources to remove the risks involved in deep-sea oil exploration
Private players are set to stage a comeback in oil retail
Decontrol of oil product prices could bring competition and efficiency into the oil industry — only if investors believed the government
Videocon's Dhoot is candid about his diversification spree - with the oil find in Brazil, he expects to have plenty of cash to fund his new businesses
