Vienna  - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by another 0.77 dollars Monday, OPEC said Tuesday.

Indian wind turbine manufacturer Suzlon has announced that in view of the current capital market environment, the company has decided to suspend the rights issue of equity shares to a maximum extent of Rs 1800 crore.

The company said that the recent move will not impact original plans of the company.

Solar Semiconductor , a rapidly growing producer of high-quality photovoltaic (PV) modules, has announced its merger with US based Trans-India Acquisition Corporation. 

According to an official release, Trans-India has entered into a definitive agreement to acquire not less than 80% shares in the privately held Solar Semiconductor Ltd.

The proposed acquisition is valued at $375 million, which would be formalized once the US Securities and Exchange Commission (SEC) formally approves the amalgamation. 

Industrial gas maker BOC India Limited has informed that it would invest around Rs 200 to Rs 250 crore on several ongoing projects in India by the end of the first quarter of the next financial year. 

The company has a cash reserve of around Rs 200 to Rs 250 crore, which is the part of the Rs 600 crore investments committed by parent company Linde Group to India early this year.

Apart from routine investments in ongoing projects, the company was scouting for buyout opportunities in the country.

The National Democratic Alliance, the CPI (M) and the BSP staged a walkout from Parliament due to the declaration by the Union Minister for Petroleum and Natural Gas, Murli Deora that the government shall take a week before deciding the future of fuel prices.

The Minister also stated that keeping in mind the depreciation of the rupee, an appropriate decision shall be taken.