It is difficult to run into somebody in Delhi you know and not have them confess that they too are caught with their money stuck in stalled real estate projects in the suburbs of Noida and Gurugram.
Anil Agarwal hired AngloGold Ashanti Ltd’s Srinivasan Venkatakrishnan to run his Vedanta Resources Plc in a move that may hint at the Indian billionaire’s plans for his global commodity portfolio.
Tata Power Renewable Energy Ltd (TPREL) is planning to bid for setting up two solar power projects in Maharashtra totalling 400 megawatts (MW), two people in the know said.
In what will give India’s energy diplomacy a boost, power-starved Bangladesh wants to buy at least 2,000 megawatts (MW) of electricity from large solar parks being set up in Gujarat and Rajasthan, said a senior official in the Sheikh Hasina-led government.
Just a pledge from China to help upgrade Pakistan’s train network has prompted authorities in the South Asian nation to overhaul its colonial-era rail infrastructure.
Metals and mining giant Vedanta Ltd, the owner of Cairn India Ltd, is revamping the latter’s operations and creating special business units to sharpen the company’s focus on oil and gas, two people aware of the development said.
In what will help boost its clean energy commitments, India has called for expression of interest (EoI) for the first offshore wind energy project in the country that is being set up in Gulf of Khambat, off the coast of Gujarat, according to a government statement.
India’s state-run oil retailers have been asked not to increase retail diesel and petrol prices and absorb a part of the losses due to the recent recovery in global crude oil, people with knowledge of the matter said.
Larsen and Toubro Ltd (L&T) on Monday submitted its objections to Tata Steel Ltd’s resolution plan for Bhushan Steel Ltd before the National Company Law Tribunal.
Oil is losing steam after rising more than 5% last month as US President Donald Trump repeatedly raised the stakes against China, rattling markets in recent weeks