Briefly Business: Slim chance for settlement with Perdaman: Lanco

Slim chance for settlement with Perdaman: Lanco

New Delhi: Lanco Infratech has said there is no "great possibility" of an out-of-court settlement in the AUD 3.5 billion legal battle with Australia's Perdaman Industries. Perdaman last year had filed AUD 3.5 billion lawsuit against Lanco, alleging non-compliance with fuel supply pact by Griffin Coal for its upcoming urea plant in Western Australia.

OVL's Venezuela field begins production

new delhi: ONGC Videsh Ltd's multi-billion dollar Carabobo oilfield in Venezuela has started crude oil production as part of its efforts to address an energy shortage threatening India's economic growth, official sources said.

Telcos asked to pay R8,000 cr fee by Jan 15

new delhi: The government has asked telecom operators to pay the first instalment of Rs 8,115.68 crore of one-time spectrum fee by January 15," a government source said.

TS Vijayan tipped to be next IRDA chief

new delhi: Former LIC chief TS Vijayan is likely to be the next chairman of the Insurance Regulatory and Development Authority (IRDA). "Vijayan's name has been referred to CVC for clearance," a senior finance ministry official said.

NRI deposits nearly double in Apr-Nov

mumbai: Continuing rupee fall and higher interest rate have seen NRI deposits nearly doubling in the first eight months of 2012-13 to $11.24 billion from $6.39 billion a year ago, according to the Reserve Bank data.

ICICI Lombard launches mobile app

mumbai: Private sector general insurer ICICI Lombard has launched a mobile application called 'Insure' that will allow customers to intimate a claim through the mobile phone.

JLR to add nearly 800 new jobs at UK plant

london: Just days after the news that Honda was to cut 800 jobs at its Swindon factory, Jaguar Land Rover will announce just as many new jobs atits Solihull plant in the Midlands. According to the Sunday Times, an announcement of the latest recruitment drive is expected in time for the Detroit Motor Show which begins today.

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