Cranes Software International said on Monday, Sep.1, 2008 that it has completed the due diligence exercise and proposes to acquire Cubeware through its wholly-owned subsidiary, Systat Software GmbH for a cash cum share deal, totaling EUR 18 million.


Aban Offshore announced that Venture Drilling AS, a company in which a subsidiary of the company has a 50% shareholding, has signed a 18 month contract with Maersk Oil Angola.


Indo Asian Fusegear bagged an order worth Rs 230 million for supplying power distribution equipment in West Africa.


The Heavy Engineering Corporation (HEC) and Bharat Heavy Electrical (BHEL) will sign a memorandum of understanding (MoU) for a proposed joint venture (JV) on September 6,

Shipping Corporation of India (SCI) is working on reviving its proposed joint venture (JV) with the Oil and Natural Gas Corporation (ONGC) and is also looking for a third partner