Indian Oil Borrows More As Government Fails To Clear Subsidy Dues
An Indian Oil Corporation petrol station is pictured in New Delhi, India. (Photographer: Amit Bhargava/Bloomberg News)

Indian Oil Borrows More As Government Fails To Clear Subsidy Dues

Indian Oil Corporation Ltd.’s debt in financial year 2018-19 rose by nearly a half—its biggest yearly jump in 13 years—to its highest level since listing as the government is yet to pay subsidy due...
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