Bloomberg India’s coal-fired power capacity may hardly grow over the next decade despite plans to build new plants as older facilities that can’t meet new environmental guidelines face closure. The nation may need to scrap about 40 gigawatts of thermal capacity that can’t be modernized to meet emission targets, according to Central Electricity Authority Chairman Ravindra Kumar Verma. That’s roughly ...

Bloomberg As if a mini-collapse in oil prices wasn’t bad enough for OPEC, the pattern in which futures contracts are trading years from now has flipped into the worst possible structure for the exporter group. Brent and West Texas Intermediate crudes, down almost 15 percent since late May, are both trading in contango, where forward prices get higher all the ...

Bloomberg A group led by Bain Capital LP and Japanese investors has offered about 2.1 trillion yen ($19 billion) for Toshiba Corp.’s semiconductor division, emerging as a leading bidder in the hotly contested auction, according to people familiar with the matter. The US private equity firm has the backing of state-supported Innovation Network Corp. of Japan and Development Bank of ...