Aban Offshore’s arm enters into conditional sale, purchase agreement

Aban Offshore’s wholly owned step-down subsidiary has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of 100% interest in two blocks in UK North Sea, for a non-cash consideration of $75 million. The consideration shall be set-off against amounts due from … Read more

Sical Logistics, Giri Vidhyuth enter into share subscription agreement

Sical Logistics and Giri Vidhyuth have entered into a share subscription agreement on October 04, 2018. Under the Agreement, the company has agreed to issue and allot 65,71,928 equity shares of the company on a preferential allotment basis to Giri Vidhyuth, at a price of Rs 195 per equity share aggregating to 128.15 crore. The … Read more

Government Of Kerala Signs Agreement With Cochin Shipyard Limited For Procurement Of Marine Ambulance For Fisheries Department

Government of Kerala has signed an agreement with Cochin Shipyard Limited (CSL) for construction of three(3) Marine ambulance boat for Fisheries Department. The agreement was signed by Shri N V Suresh Babu, Director (Operations) on behalf of CSL and Shri S Venkatesapathy IAS, Director, Department of Fisheries, at the Durbar Hall, State Secretariat, Thiruvananthapuram, on … Read more

Pakistan agrees to implement 2003 ceasefire agreement

The two military commanders reviewed the prevailing situation along the Line of Control and International Border in J&K during a conversation over the hotline at 6 PM. After that, the two armies issued identical statements saying both sides agreed to fully implement the 15-year-old ceasefire understanding.  This comes a day after External Affairs Minister Sushma … Read more

EU top diplomats in agreement to follow through Iran N-deal

To this end, the EU will launch intensive discussion at all levels with Iran in next few weeks, Mogherini said at a press conference following a meeting with foreign ministers of Britain, Germany, France and Iran. The discussion will focus on, among others, how to maintain economic relations and effective banking transactions with Iran in … Read more

Centre signs $200mn loan agreement with World Bank for POSHAN Abhiyaan

The Centre has signed a loan agreement worth 200 million dollars with the World Bank for the National Nutrition Mission -POSHAN Abhiyaan.Ministry of Women and Child Development in a press release said, the loan will help in achieving its goal of reducing stunting in children upto 6 years of age from 38.4 per cent to … Read more

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