Cairn India names Agarwal as chairman
airn India Ltd, the Indian unit of British oil firm Cairn Energy Plc., has said it has appointed Navin Agarwal as its new chairman. The appointment comes after Lon donbased Vedanta Resources Plc.
completed its $8.7billionpurchase of a majority stake in Cairn Energy's Indian unit.
Sistema plans power plants in India
Russian conglomerate Sist ma JSFC is exploring opportunities for setting up power plants and tapping the budding retail sector in India and is ready to invest up to $1 billion in such ventures. “We are looking at a couple of opportunities in India to build power plants,“ chief executive Mikhail Shamolin told a group of journalists here.