Narendra Modi hasn’t said much about how he’d govern India if he wins the general election in May. One thing is clear: he’s signaling a clean energy revolution to end blackouts and revive economic growth.
Citigroup Inc., the top adviser in India for share sales, sees no recovery in initial public offers from the worst start since 2009 until investors gain clarity on policies from a new government after elections.
The light bulb in Komal’s room flickers and dies, preventing the 17 year-old from studying for high-school exams as she strives for an education that can help her escape the squalor of a slum in New Delhi.
Coal India Ltd. Chairman S. Narsing Rao will meet investors this week to stoke interest for a $1.6 billion share sale even as analysts slash their earnings estimates for the world’s biggest miner of the fuel.
India’s state-owned companies are paying the biggest dividends in at least three years, a buy signal for the country’s third-largest money manager as the government extracts higher payouts to pare its budget deficit.