Back after roadshows across the globe, Power Minister Sushilkumar Shinde on Thursday exuded confidence that foreign investors will line up for the government's ambitious ultra mega power projects.
Encouraged by the success of direct-to-home services in India, Pakistan Television Corporation Ltd, that country's national broadcaster, has invited national and international firms to help it set up its own DTH service with 100 channels. Once operational, this will be the first DTH service in Pakistan.
Of the total number of shares the government holds in Maruti, it is offering up to 2,31,12,804 shares, representing 8.00 per cent of the equity.
Reliance Industries, India's largest company by market capitalisation, and GAIL India, the largest transporter and marketer of gas, have sought licences to sell natural gas to households and vehicles across 60 cities in India.
The Cabinet Committee on Prices is likely to ban exports of steel and steel products. The other measures being considered include levying an ad-valorem duty on iron ore exports and bringing down the excise duty on steel to 8% from the current level of 14%. Steel ministry is considering many steps to bring down steel prices. Also, reimbursement of service tax on foreign agents used by exporters will be further increased. Ban on exports is not the only solution, experts say.
Going ahead with the sale of part of its equity in Bharat Heavy Electricals Ltd despite opposition from the Left, the UPA government has invited expression of interest from investment bankers for the divestment.
Air-India will appoint an advisor for laying out the roadmap for its initial public offer by this month-end and plans to hit the capital market by December 2005.
Indian Oil Corporation, the country's largest oil firm, is eyeing acquisition of Turkey's biggest refiner - Turkish Petroleum Refineries Corporation (TUPRAS).
The most popular list among the shutterbugs this year.
Special economic zones dedicated to the infotech sector may receive a body blow if the tax exemptions provided to Software Technology Parks of India under Section 10(A) and 10(B) of the Income Tax Act are extended beyond March 31, 2009. According to a senior central government official, not more than half of the nearly 100 notified infotech SEZs will survive if the tax sops are extended.
United States is all set to inundate the Indian consumers with sprightly grapes, pears, prunes and exotic wines, as it targets a major pie in the fast growing segment in the country.
Maharashtra Scooters hit the 10% upper deck at Rs 86.95 today boosted by reports that Kolkata-based jute industrialist Joy Kankaria is eyeing a 27% stake in the company. \n\n\n\n
The government has re-invited initial bids for divesting its 33.5 per cent stake in Madras Fertilisers Ltd to a strategic partner along with management control.\n\n\n\n
At least three companies including Essar Shipping, Videocon and Sterlite Industries on Friday bid for acquiring the government's 51 per cent stake in national flag carrier Shipping Corporation of India.
Kicking-off the process of divestment in Bharat Petroleum Corp, government has invited bids for appointment of a global advisor for sale of 35.2 per cent stake in the oil PSU through public offer.
At least half a dozen national and international oil giants, including Reliance and Royal Dutch Shell, joined the race, on Friday, for acquiring government's 34 per cent stake in Hindustan Petroleum Corporation Ltd.
Kicking off the divestment process in the two public sector oil companies, Hindustan Petroleum Corporation and Bharat Petroleum Corporation, the government
"Tax exemptions granted to dedicated export units located in EPZs, SEZs and EoUs should continue up to 2010."
There was a great harvest for Fertilisers and Chemicals Travancore on Tuesday as the government put out advertisements inviting initial bids for a 51% strategic stake in the company.
The Centre has cleared a long-pending proposal for setting up of an international airport in Uttar Pradesh on the proposed Agra-Noida expressway near Delhi, official sources said
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