India’s state-run companies need greater autonomy and less political interference, according to the head of its second-biggest steelmaker, speaking ahead of elections that could deliver a change in government.
Thermal coal prices have almost reached a low point after declining for three straight years, according to Harry Banga, whose family-owned company Caravel Group Ltd. is poised to start trading the commodity.
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.
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.
Coal India Ltd., the world’s biggest producer of the fuel, will raise output of the metallurgical variety to boost earnings after discounted sales to power utilities led to its first profit drop in at least five quarters.
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. ’s share sale attracted bids that exceeded the combined gross domestic product of Latvia and Iceland as investors bet the mining company will benefit from energy demand in the second-most populous nation.