Privatisation not on hold but not a priority, DIPAM secretary Pandey says

Privatisation not on hold but not a priority, DIPAM secretary Pandey says

New Delhi: Privatisation of central public sector enterprises has not been put on hold, but is not a priority under the government’s calibrated approach to disinvestment, said Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM). He said that the focus will be on ‘value creation’ from disinvestment, dividends and … Read more

Indian refineries turn to US oil sources as sanctions block Russian stock

Indian refineries turn to US oil sources as sanctions block Russian stock

Indian oil refiners are on track to take the most American crude in almost a year after tighter enforcement of US sanctions crimped trade with Russia and forced processors to look elsewhere for supply. State-owned Bharat Petroleum Corp. and Indian Oil Corp., along with top private refiner Reliance Industries Ltd., have purchased about 7 million … Read more