India’s ONGC Is Bleeding Cash
A pilot flame burns on an offshore oilfield. (Photographer: George Osodi/Bloomberg)  

India’s ONGC Is Bleeding Cash

(Bloomberg) -- India’s Oil and Natural Gas Corp., which once had $4.3 billion of funds, is now bleeding cash.The state-run company’s cash reserves have shrunk by more than 90 percent in the past ye...
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