Business Headlines: Will Reliance buy BPCL?

The government, desperate to meet its fiscal deficit target of 3.4% of GDP, earmarked an ambitious ₹ 1.05 Trillion as its disinvestment receipts. To meet this target it has put five PSUs on the chopping block. Most important from the lot is oil major BPCL, in whom Reliance Industries has shown interest, among others. We tell you the details of how BPCL is expected to be privatised and how its younger sibling HPCL might follow suit. #MukeshAmbani #BPCL #RelianceIndustries

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