Nicosia, Feb 10: Ahmad al-Obaid, who is the head of the Kuwait Society for Safeguarding Public Funds, has said that the Society filed a suit against the Kuwait Petroleum Company(KPC) for misappropriation of public funds.

He was quoted by Al-Qabas newspaper as saying that millions of dinars had been embezzled at the petroleum training center.

Public sector equipment maker Bharat Heavy Electricals Ltd (BHEL) has notified that it has received four contracts worth Rs 7,000 crore from various producers, to supply and set up electrical equipment for thermal power projects.

The contracts have been awarded to BHEL by India's power utility NTPC, NLC Tamil Nadu Power Ltd (NTPL) and Mahagenco.

Metallurgical coke maker Gujarat NRE Coke Ltd said on Monday that it will raise up to Rs 1,000 crore through institutional placement. An official quoted that the company would raise funds up to Rs 1,000 crore through the issue of non-convertible debentures (NCD) with warrants on qualified institutional placement basis.

However, the terms and conditions of the said NCD issuance would be decided by the board of directors and would be subject to the shareholders' approval.

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Vienna  - The price for oil produced by

Vienna - The price for oil produced by the Orga