Orient Cement has agreed to buy 74% stake in Bhilai Cement plant from JP Associates for Rs14.50bn and top corporate news of the day

Check out the most important news stories which captured the headlines at the corporate level in India and internationally. With the domestic natural gas price dipping by 51% in 24 months to USD2.5/mmBtu, downstream companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) are now batting for a floor pricing of at least USD4.2/u, claiming that at current price there will be no margins for producers. (BS)