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Oil and Natural Gas Corp hopes to agree new cheaper drilling contracts for its western offshore fields, two sources involved in the matter said, in its biggest ever cost-saving drive in response to lower crude prices.

India's turbocharged growth figures have been criticized by many analysts for giving too flattering a view of Asia's third-largest economy. Closer scrutiny reveals another reason to worry: it's the wrong kind of growth. There was little sign of an upturn in private capital investment.

Most banks are expected to report an increase in bad loans after the Reserve Bank of India directed them to proactively identify stressed loans as NPAs.

The firm has appointed investment bankers to scout for buyers, and rivals and other strategic players have been sounded out.

The dollar accelerated its downswing to briefly slip below ¥111 for the first time in about 15 months in London trading Thursday morning. The greenback fell to as low as ¥110.99 at one point, according to market sources. At 9 a.m., the dollar stood at ¥111.50-60, still down steeply from ...

Budweiser brewer AB InBev has received a binding offer of €2.55 billion ($2.85 billion) from Asahi Group Holdings for the European beer brands Grolsch, Peroni and Meantime — a sale that is meant to address regulatory concerns about AB InBev’s mega-merger with SABMiller. The offer, if accepted following an employee ...

The yen rose to about 3 percent shy of the level it was trading at before the surprise monetary easing step the Bank of Japan took in October 2014 saw it tumble. Traders are now wondering if policymakers will seek to arrest gains that threaten to undermine years of unprecedented ...

Government debt totaled ¥1,044 trillion at the end of 2015, a decline of ¥9.83 trillion in the final three months of the year, the Finance Ministry said. The decrease came as the government cut back its issuance of financing bills that are designed to cover a temporary revenue shortage. Put ...

Japan’s Innovation Network Corp. is confident Sharp Corp. will see its rescue plan as superior to a competing bid even as the struggling electronics maker enters talks with Taiwan’s Foxconn Technology Group. “We are not giving up,” INCJ Chief Executive Officer Toshiyuki Shiga said in a recent interview in Tokyo. ...

For its users, Adblock Plus stands as a bulwark against intrusive advertising. But websites dependent on advertising revenue to remain free of charge see the open source software as a scourge. Now the German firm behind Adblock Plus is taking a more conciliatory tack, reaching out to its adversaries to ...