News Digest: ONGC, Budget 2018, Mahindra, Wi-Fi in the sky and more

From Mahindra's aim to reduce losses to wi-fi on flight, BS brings you up to date with the latest news

ONGC to acquire govt's entire 51.1% stake in HPCL for Rs 369.15 bn

State-run Oil and Natural Gas Corporation (ONGC) will acquire the 51.1 per cent government stake in Hindustan Petroleum Corporation (HPCL) at a cost of Rs 369.15 billion. The deal is expected to be completed by the end of this month.

ONGC will pay the government Rs 473.97 per share, at a premium of over 10 per cent of the 60-days’ weighted average price of HPCL's scrip. Read more

Budget 2018: Centre ready to take a hit over crop minimum support price

The Union Budget 2018-19 is likely