Moscow - The vice president of Lukoil, Russia's largest private oil major, said Wednesday it may be best for Russia to join OPEC in production cuts to bolster oil prices slumping amid the financial turmoil.

Leonid Fedun said joining OPEC could be "only good for Russia."

His comments surprised the industry Wednesday. Previous attempts for Moscow to align its policy with OPEC fell through when private energy firms, like Lukoil, increased oil deliveries, analysts said.

Vienna - The price fo

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.