BPCL privatisation: How long will govt wait for the right suitor?

The sale will remain a business of hope unless New Delhi stops meddling in fuel pricing and considers out-of-the-box solutions such as offering an unconditional deal or splitting up BPCL’s......

4 major debt resolution cases delayed further

The delay will increase the provisioning burden on lenders and will also postpone the benefit of reversal of money set aside as provisions.  IMAGE: Essar Steel is among the four cases before......

Essar plans Rs 10,000 crore port in Gujarat

Eyes 50% growth in Vizag cargo in FY18 post modernisation; posted 25% growth in cargo in FY17 Essar Ports Ltd, a leading ports operator in the country with a capacity of 140 million tonnes per......

Essar's US unit files for bankruptcy

In 2007, Essar had said it would set up a $1.8-bn unit in Minnesota, but scaled down from a full-scale taconite steel mill project to pellet plant after the 2008 financial crisis In a setback, the......