Grapevine: Raring to return

Updated: Aug 1 2013, 02:00am hrs
With ONGC chairman Sudhir Vasudevas tenure coming to an end in May, a search has begun for his successor. With that begun speculations about who fits the bill for the job. Half a dozen candidates are in the race. But even before interview starts,

BC Tripathi, currently at the helm in Gail India and a former ONGC-ian, is being seen as a strong contender for the post. The grapevine has it that he might give tough competition to others because of his age advantage (he is just 52) and relevant experience. If he finally makes it, it would be like homecoming for him.

Battle lost, but war won

NTPC and Coal India have finally patched up after their acrimonious fight over coal quality issues. The victory seems to have gone in favour of the power major, as CIL now must meet the minimum quality standard if it wants incentives on extra coal supplied to NTPCa point which was earlier the main bone of contention between the two. But why CIL blinked first in the war of nerves is not hard to see. The power PSU happens to be CIL's biggest customer, contributing about 40% of its sales revenue. Did CIL chairman S Narsing Rao stoop to conquer or did he realise that his company was at fault on this issue