Coal India Ltd. and NMDC Ltd. are among 36 state-owned companies that may need to sell about $11 billion of shares after the stock market regulator raised the minimum public holding in government entities.
Oil & Natural Gas Corp. is set to lead India’s top state resources companies in paying a record dividend as Prime Minister Manmohan Singh seeks to use part of their $27 billion cash hoard to fund his government’s deficit.
Truck driver Sujan Singh should be delivering cars to Mumbai from Maruti Suzuki India Ltd.’s plant near New Delhi. Instead, he’s sitting at a roadside cafe by one of India’s busiest highways, waiting for the traffic to ease.
India’s decision to allow life insurers to offer unit-linked plans, coupled with a state share- sale program, may raise investments in stocks by these companies to $25 billion this fiscal year, SMC Capitals Ltd. said.
Mining billionaire Anil Agarwal , who delivered 30 percent gains to shareholders in the past five years, plans to spend $9.6 billion to replicate the strategy of BHP Billiton Ltd. , a rival that’s posted smaller returns.