Siddhartha Singh
Stories by Siddhartha Singh
India considers merging two state-owned power lenders to bridge funding gap
A combined power sector lender can leverage its size to borrow at lower rates and help fund the nation’s goal of ensuring round-the-clock supply of
India seeks to raise $2.8b by merging state-owned power firms
India is planning to sell its stake in SJVN Ltd. and Power Finance Corp. to other government-controlled companies in an attempt to rein in the fiscal
India said to mull $2.6b NHPC stake sale to NTPC
The sale, if approved, will be the second such consolidation after state-run Oil and Natural Gas Corp. acquired the government’s stake in oil refine
India to inject $290m into Punjab National Bank to aid bond payment
India’s third-largest state-run lender will issue preferential shares to the government.
India nearing sale of stake in IDBI Bank to insurer LIC
India has been trying since at least two years to sell IDBI Bank, which has the highest bad-loan ratio among state-run lenders in India.
Modi government to evaluate Air India deal after sale plan fails
The administration’s most high-profile privatization offer ended in a whimper with no buyers showing interest in the unprofitable flag carrier.
Scam-hit Indian lender PNB banks on Bhushan Steel sale for capital boost
The disposal could allow PNB to offset for losses that may arise from a $1.8 billion scam it disclosed this month.
India to reject Fosun’s $1.3b takeover of Gland Pharma
Tensions between China and India have escalated amid a renewed spat over territory in a remote area of the Himalayas
Government plans to sell 51% in Air India to strategic partner
The proposal includes reviving Air India within five years of selling a 51% stake
