21 February, 2011

Partnered (Why), Bought (Why not ) & Facebook Added 2 !

BP signs $ 9 billion deal with Reliance : This will make the partnership India’s largest private sector holder of exploration acreage. However we have the well expected twist from the Govt, Oil Secretary S Sundareshan said that the deal will need the government's approval as New Exploration and Licensing Policy blocks are involved. So is the deal a deal? Time has to answer this. But I wish the deal passes through 

On the other hand Ruia Group announced acquisition of Germany-based Acument GmbH & Co KG, one of the leading manufacturers of automotive fasteners and for this the government has to nothing to say , reason not disclosed in interest of public I guess .

And Facebook-ers, here is an FYI for you, the company added two relationship statuses — ‘civil union’ and ‘in a domestic partnership” , These new options will be available to users in US, Canada, France, UK and Australia. India you got to wait !