Business Line articles

Rescuing Coal India from the depths

It is quite the norm in India to bash public sector enterprises for their lack of drive, vision and imaginative leadership, while showering private sector firms with accolades for these very same qualities. But the recent skeletons tumbling out of the closets of loan defaulters, banks and project financiers from India’s private sector tell us

Saudi to supply extra oil cargoes to India as Iran sanctions loom

Saudi Arabia, the world’s biggest oil exporter, will supply Indian oil refiners with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday. Reliance Industries Ltd, Hindustan Petroleum Corp , Bharat Petroleum Corp and Mangalore Refinery Petrochemicals Ltd are seeking an additional 1 million barrels each