India plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, two sources said, an exercise that could raise about $1.9 billion. The comments come after India’s finance minister announced a plan this year to provide equity of 300 … Read more
In the last 5 years, shares of have more than doubled in value, but the foreign ownership in India’s largest company by market capitalization is the lowest in at least 5 years. As of December 2022, the total FII ownership in the index heavyweight stood at 23.48%, and for six quarters in a row, this … Read more
Kidnapped employee Ritul Saikia was released by ULFA(I) militants on Saturday morning in Myanmar near its border with India’s Nagaland, police said. Saikia, kidnapped on April 21, was released near the border in Longwa village of Mon district in Nagaland after 31 days, a top official at Assam Police headquarters told PTI. He was released … Read more