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Stake sale setback for IndiaIndia is not making life easy for itself as it looks to sell off stakes in state companies to help plug a yawning budget gap, with New Delhi's own policies battering sentiment towards government enterprises even as it readies more for market. More… |
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Coal India eyes 40pc stake in Indonesian firmCoal India, the world's largest coal miner, is in advanced talks to buy up to 40 per cent of Indonesian low-grade coal producer Golden Energy Mines for up to $1 billion, three sources with direct knowledge of the deal said yesterday. & More… |
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Indian firm launches $3.5bn IPOState-run Coal India launched its $3.5 billion share sale yesterday, with its lower-than-expected pricing and exposure to India's booming electricity demand expected to draw solid investor interest to the country's largest-ever IPO. More… |
