Rs 7,500-cr Dabhol loans set to turn bad

Loans worth Rs 7,500 crore (Rs 75 billion) to the troubled Dabhol power project of Ratnagiri Gas and Power Private Ltdare set to turn into non-performing assetsin a matter of days. The company has......

Firms may sell non-core assets to tide over slump

Leading global management consultancy firm Ernst & Young has said that most Indian companies may divest their non-core assets due to the current economic events. In a survey of 360 global companies......

Reliance mulls third refinery at Jamnagar

Mukesh Ambani-promoted Reliance Industries Ltd (RIL) is evaluating a plan to set up its third refinery at Jamnagar in an ambitious project to reach a total capacity of 100 million metric tonne per......

Govt refineries to gain from FDI cap hike

The government's decision to hike the foreign direct investment limit in refineries being built by the public sector to 49 per cent will lead to public sector oil refiners planning to set up more......