IL&FS initiates claims-management process for 70 group entities

IL&FS initiates claims-management process for 70 group entities

IL&FS has initiated a claims management process for its 70 Group entities in an effort to clarify financial liabilities and facilitate the settlement process. In a letter, a copy of which is with BusinessLine, the troubled infrastructure financing company has listed out that it has classified 5 Indian group entities in the “green” category, which means it is ready to be sold off.

Recharge time for renewable power

Recharge time for renewable power

It’s not all tailwinds and sunshine for the country’s renewable energy sector. It’s actually time to take stock of the various issues impeding the sector’s progress, say industry watchers.

Oil marketers fall as prices gain on fourth day

Oil marketers fall as prices gain on fourth day

Shares of oil marketers Indian Oil Corp Ltd, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd fell between 2 per cent and 2.5 per cent. Oil prices rose for a fourth day, as rising tensions in the West Asia stoked fears of supply disruptions.

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