RIL to raise $2.25 billion more via foreign borrowings

RIL to raise $2.25 billion more via foreign borrowings

Reliance IndustriesBSE -0.58 % is in talks to raise as much as $2.25 billion (Rs 15,300 crore) in what could be one of the biggest offshore debt issues by an Indian corporate as the energy-to-retail conglomerate seeks to replace existing high-cost borrowings as well as build a war chest for its aggressive expansion strategy in telecom.

First lot of railway safety fund may come in Budget

First lot of railway safety fund may come in Budget

In its two-year report card, the Narendra Modi government had claimed credit for fewer rail accidents and lower casualties. This time, railway minister Suresh Prabhu may paper over the transporter’s safety record. His officers are themselves surprised over three major accidents in a span of two months, which have claimed close to 190 lives, compared to 309 in 2015-16.

Trump’s energy pick Perry says he regrets call to eliminate Energy Department

Trump’s energy pick Perry says he regrets call to eliminate Energy Department

WASHINGTON: Former Texas Gov. Rick Perry, tapped by President-elect Donald Trump to head the Energy Department, said Thursday he regrets his infamous statement about abolishing the federal agency and insisted it performs a critical function. Perry told a Senate committee that if confirmed, he will be a passionate advocate for the department’s core missions and […]

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