BP scrambling to clean up its mess.

BP one of the worlds largest energy companies, is working double shifts to cover the leak in the oil well in the Gulf of Mexico. BP provides customers with energy, for lighting, fuel, and other petroleum based chemicals used everyday.

The spill has grown 70 miles by 130 miles in size and is now the size of a small state. The spill will cause problem for wildlife, the fishing industry and the beaches in the region.

Governor of Louisiana, Bobby Jindal told reporters that "This spill, it can fundamentally change our way of life here."

The U. S. government has been pressurizing BP to clean up the oil spill which has now spread below sea level by almost a mile.

Member of the BP board met official from the White House and the EPA to find a solution to this problem before it destroys the balance in the eco-system.

BP has already made good progress towards dealing with the incident. Bp has finished working on a giant dome which will be used to cover the spill at sea. The company is said to have finished one dome are in the processing of covering the leak. The U. S. government expects BP to create 3 such domes to cover up all three spills.

The operation is expected to take a few months to complete. The U. S. Government has told BP officials to take responsibility for the incident. BP might face criminal charges for the April 20th incident which lead to the death of 11 BP workers.

"We have an opportunity to lose our entire fishery down here. I mean, not just the customers. It's everything," Ross Barkhurst, a local resident said as environmental groups gathered to clean the spill.


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Overseas firms look past weakness in Indian economy

Overseas firms look past weakness in Indian economy

Global firms are making huge investments in India's consumer market, despite the overall weakness in the Asia's third-largest economy.

In the recent past, consumer goods giant Unilever announced its decision to invest $5.4 billion to increase its stake in its Indian arm Hindustan Unilever Ltd.

Available figures suggest that foreign companies collectively spent around $9.86 in mergers and acquisitions in India this year. The figure is the highest in Asia.

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

AirAsia's CEO Tony Fernandes on Wednesday revealed the identity of the person who will pilot the Malaysian airline's India operations.

Fernandes, the promoter of AirAsia, had announced in March that the airline had selected a very smart boy from Madras, with an amazing CV, as the CEO for AirAsia India.

Revealing the identity of the AirAsia India CEO, he yesterday said the CEO is 32-year-old, Chennai-born Mittu Chandilya, who is currently based in Singapore.