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Shipping Ministry agrees to 15 pc divestment in SCI
PUBLIC sector disinvestment could be sailing ahead once again, this time on the decks of the Shipping Corporation of India (SCI). The Ministry of Shipping, Road Transport and Highways has given the green signal for a 15-per cent disinvestment ...
The spirited recovery after a crash
EXACTLY a year ago when Indian equity markets suffered heavy losses, no one had imagined its recovery would be so speedy. Since May 2004, BSE Sensex and NSE's S&P CNX Nifty have not only touched their all-time high levels but also gained ...
Left opposes petrol, diesel price hike Calls for duty restructure
THERE was no breakthrough on the issue of raising petroleum product prices with the Left allies of the United Progressive Alliance (UPA) Government continuing to oppose any move to increase petrol and diesel prices. The Left allies ...
IOC to lose Rs 3,600 cr in April-May
INDIAN Oil Corporation Ltd will have to bear a hit of Rs 3,610 crore on lower realisation from petroleum products sales in April and May alone. IOC has lost Rs 2,045 crore on kerosene and cooking gas sales and Rs 1,565 crore on petrol and ...
Differential power tariffs from next fiscal
Differential electricity tariffs are separate tariffs for peak and non-peak hours, with consumers having to shell out a premium for the power consumed during certain designated peak hours.
Blackstone Group to invest $1 b in India
THE New York-based investment and advisory group, The Blackstone Group, has announced an allocation of $1 billion for investments in India. The company has appointed Mr Akhil Gupta as the Senior Managing Director in charge of its Indian ...
Private equity funds upbeat on healthcare cos
THE Indian healthcare industry has become the cynosure of private equity investors. Private healthcare providers such as Fortis, Apollo, Max, Wockhardt and Dr Batra's Homeopathy Clinic are being serenaded by funds wishing to invest in these ...
Railway platform ticket to cost Rs 5
A Railway Board notification said on Monday that the increase would become effective from June 1. The board, however, did not give any reasons for the steep increase. Apparently, the hike is meant to regulate the entry of people at the ...
Govt revises design of non-judicial stamp paper
THE Finance Ministry has approved new design of stamp papers in denomination from Re 1 to Rs 25,000. A Ministry release said that production and supply of these stamp papers have started in a phased manner. The new stamps papers are printed ...
`Lessons to be learnt from Maharashtra power crisis'
THE crisis in Maharashtra's power sector has lessons for all, according to the Union Power Secretary, Mr R.V. Shahi. The first and most important one is to plan for capacity addition well in advance of demand. Though the gestation period of ...
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