New Delhi, March 25 (IANS) A huge increase in public capital expenditure and a maturing financing ecosystem have fuelled India’s infrastructure transformation, with government investment rising from Rs 2 lakh crore in FY15 to a budgeted Rs 12.2 lakh crore for FY27, a new report has said.The report from India Narrative said the six-fold surge in public spending has catalysed private investment and stimulated demand for core industries such as steel and cement.Further, it generated employment, t…
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New Delhi, Dec 24 (IANS) BP on Wednesday announced that it has agreed to sell a 65 per cent stake in its lubricants business Castrol to global investment firm Stonepeak for around $6 billion. The transaction values Castrol at about $10.1 billion, including debt. After the deal, BP will continue to hold a minority stake in Castrol through a joint venture structure.Following the announcement, shares of Castrol India surged about 8 per cent in early trade and were quoted at around Rs 201 per share….