Oil and gas companies are expected to report strong core earnings in the second quarter as higher gross refining margins will benefit refiners and explorers will gain from a sequential rise in crude oil prices.
Midway through its initial public offering, India’s largest power trading platform Indian Energy Exchange Ltd. found out that overseas investors couldn’t participate in its share sale.
Debt-laden power companies may finally get some breather. The country’s largest power producer NTPC Ltd.
Government-run power distributors in India continue to hold the sector “hostage” as there has been little improvement in their operations despite multiple attempts over the years, Vinayak Chatterjee, chairman of Feedback Infra told BloombergQuint in an interview.
Prime Minister Narendra Modi brainstormed with chief executives of top global and Indian companies, including U.K.’s BP, Russia’s Rosneft, Saudi Aramco and Reliance Industries Ltd.
India Inc.’s earnings are bound to be volatile for the next few quarters due to disruptions from the Goods and Services Tax and weak underlying economic activity, said IDFC Securities in its ‘India Strategy’ report.
Reliance Communications Ltd. on Sunday called off its merger with Aircel after the pact with the Maxis Group company lapsed, putting the focus back on its ability to repay loans as the telecom operator was banking on the deal to pare part of its debt.
The only electric-car maker in India says the business case for the clean technology is starting to make sense — and it won’t require government subsidies to take off in a big way.
Wind turbine makers are staring at a slowdown even as the government looks to boost renewable energy.
China on Wednesday evinced interest in reviving its proposal to build high speed railway projects in India, which has chosen Japan as a partner for the country’s first such venture.