Daily Archive: November 3, 2011

Banks risk tripping over loans to power distributors

(Reuters) – Banks are staring at the prospect of restructuring loans to loss-making state electricity boards in order to stave off defaults. State-run Punjab National Bank gave fresh long-term loans to pay off short-term...

Coal India restarts e-auction

Coal India is now back on the e-auction route. After staying away for a month following the government’s push to divert supplies to fuel-starved power plants, the public sector miner resumed auctioning on Tuesday....