Industry

To fund expansion, Chinese electronics and auto companies like Xiaomi, SAIC and Haier in india tap reserves, loans

Some like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financials of Lenovo and Xiaomi showed an increase in their cash reserves and borrowings, indicating preparations for higher working capital needs for expanding operations.

BPCL, CIL may put Rs 12,000 crore into coal gasification JV

Bharat Petroleum Corp and Coal India plan a Rs 12,000-crore coal gasification project in Maharashtra, aiming to boost the National Coal Gasification Mission. The project, with a debt-to-equity ratio of either 70:30 or 65:35, will produce synthetic natural gas, enhancing cleaner energy and energy security.