Indian cos invest $1.88 bn overseas in March

Investment by Indian companies abroad increased by 13.7 per cent to $1.88 billion in March, according to the Reserve Bank data.In February, Indian companies had invested $1.66 billion overseas. The......

Why Are Bankers SMILING At Last?

Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay. IMAGE: Finance......

IBC: The CURIOUS Case of Videocon

Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018.But the dissenters suggest that the money is elsewhere, possibly......

OVL-OIL to buy Videocon stake in Mozambique field

In the third acquisition in 10 months, state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) will buy Videocon Industries' 10 per cent stake in a giant Mozambique gas field for about......