MMTC Ltd, the largest of the three companies, is seeking approval for the merger from its 2,000-odd employees this week, and State Trading Corporation and PEC will launch a similar exercise next month.
Still unsure of its ability to procure wheat from the market, the Centre has extended the tender dates for import of 1 million tonne wheat.
Tata Sons stake in the group's listed companies is now worth Rs 9.28 trillion, up 34.4 per cent on a year-on-year (YoY) basis. In comparison, the Government of India's stake in listed central public sector undertakings (PSUs) is currently valued at Rs 9.24 trillion
This year, Coal India plans to gauge the domestic market through a tie-up with MMTC and State Trading Corporation.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
The government has also extended duty free import of wheat till December 31, 2007.
Mumbai-based Pratibha Shipping Company, which owns six tanker vessels, has secured a contract from Mangalore Refinery & Petrochemicals, a subsidiary of ONGC, for transporting fuel to Mauritius for three years.
Seven global companies are in the fray for supplying over one million tonnes of wheat to India.
Seven global companies are in the fray for supplying over one million tonnes of wheat to India.
Worried over its failed procurement operations and anticipating a shortfall in production, the Centre has decided to invite tenders for import of 1 million tones of wheat.
The controversy over wheat imports is refusing to die down. In yet another questionable move, the State Trading Corporation of India on Thursday
The park, to be set up at a cost of Rs 9.95 crore (Rs 99.5 million), will provide facilities for dehydration of garlic products, coriander leaf, green chilly extracts, turmeric and other medicinal herbs.
In an effort to rein in inflation, the State Trading Corporation is likely to float a tender to import up to 2 million tonnes of wheat this month.
State Trading Corporation of India Ltd has posted a net loss of Rs 100.90 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 78.40 million for the quarter ended December 31, 2001.
India on Saturday said the state-run State Trading Corporation, which is among the 125 Indian companies alleged to have paid kickbacks to the Saddam Hussain government
Government has scrapped kerosene imports by private companies and decided that only state-run firms will import the fuel to end its adulteration in diesel.
The privatisation programme of the public sector State Trading Corporation has been put on the backburner, its CMD Aravind Pandalai said on Tuesday.
Employees of the State Trading Corporation will be given the right to seek voluntary retirement conditional on the privatisation of the company under a 'one of a kind' proposal accepted by divestment ministry.\n\n\n\n
Hyundai Mobile, a unit of South Korean conglomerate Hyundai Corp, has entered into a strategic partnership with State Trading Corporation for selling mobile phones in India under which the PSU will give an import funding assistance of Rs 200 crore (R
A meeting of the Inter-Ministerial Group may be held next week to discuss the draft shareholders and share-purchase agreements for divestment of the State Trading Corporation.
ONGC is the country's most profitable PSU.
Himachal Pradesh Chief Minister Virbhadra Singh has been quizzed and his statement recorded by the Central Bureau of Investigation in connection with alleged kickbacks made to him and State Trading Corporation employees by some private companies.
Dipam is conducting the selection of merchant bankers and legal advisors, and planning roadshows.
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
Most successful and ambitious business leaders feel persuaded that they have no competent successor, says R G Vilakudi.
The Bombay Stock Exchange (BSE) has slapped fines on 530 listed companies for failing to meet a deadline to appoint a women director and boost gender diversity in their boardrooms.
Earlier this month, market regulator Sebi had given go- ahead to the disinvestment department's proposal to give preference in share allotment to those PSUs located in states in which Neyveli's generating units were located.
Mahendra Raj is a towering figure of 20th century Indian architecture.
There is an attempt to brush aside the results of all surveys that point to a deteriorating jobs situation. This is counter-productive, says Mahesh Vyas.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances