Indian Oil is planning to invest â‚š1.75 trillion for expansion which includes doubling its refinery capacity, laying new pipelines and boosting petrochemical production to become a vertically integrated company.
ZipGo, a Bus aggregator, is in talks with the Essel Group to raise a funding of about $50 million and plans to use the funds to offer bookings for electric buses and erickshaws as also expand its presence in more cities.
MuSigma, a data analytics firm, is in discussions with TPG Capital for stake sale.
If the deal goes through, it may value the firm at $1.2 billion.
Latest Business Update India, Jet Airways has shelved its plan for a pay cut after employees protest. However, the top management of the firm has already taken a pay cut.
Bhavdeep Singh, the CEO of Fortis Healthcare said that the management did protest when it came to know about the loans given to companies linked to Singh brothers but they were overruled.