Bloomberg India’s Jindal Power Ltd is counting on favourable government policies and new investors to complete the country’s largest hydropower project, as a generation glut makes the estimated $3.3 billion facility a risky bet for the company to handle, Chief Executive Officer Bharat Rohra said. New Delhi-based Jindal Power, a unit of Jindal Steel & Power Ltd, will consider reaching ...

Bloomberg Vedanta Ltd’s plans to sell a minority stake in its Indian oil unit have stalled after a collapse in crude prices, according to people familiar with the matter. The Mumbai-listed company, backed by tycoon Anil Agarwal, was seeking to raise more than $1 billion by selling at least 20% of its Cairn Oil & Gas business, the people said. ...

With the Justice Department’s move to drop its case against former national security adviser Michael Flynn, it’s useful to go back to a basic question: If Flynn did nothing wrong when he called the Russian ambassador on December 29, 2016, the day President Barack Obama imposed sanctions on Russia for interfering in the presidential election, why did he conceal it? ...