Luminous Teleinfra, an arm of SAR Group, has announced that it is searching the options to set up manufacturing facility in Himachal Pradesh (HP) with an investment of Rs 150 crore for producing telecom batteries, power management units and conversion devices.

Saudi Arabia headquartered Zamil Steel, has announced that it has rolled out its operations in India.

The ONGC Videsh (OVL), part of Oil and Natural Gas Corporation (ONGC) India, along with partner IRP Red Sea Inc have discovered oil in an offshore block in Egypt for the second time. The company had discovered oil in April 2007 off the North Ramadan Concession in Gulf of Suez.