Wednesday, October 22, 2014
Tuesday, October 21, 2014
|ONGC CMD DK Sarraf|
THE government is likely to sell 5 percent stake in state-run explorer Oil and Natural Gas Corp (ONGC) next month, finance ministry sources said following a meeting of the disinvestment secretary with merchant bankers on October 20.
The union cabinet cleared the stake sale last month.
In view of the new gas rate announced on October 18, which at $6.1 per unit (current $4.2) effective from November 1 will directly benefit oil exploration companies, it is the right time to divest, says...
Monday, October 20, 2014
BELEAGUERED PSU telecom major MTNL has received a fresh lease of life as the government has approved a DoT proposal for providing one-time financial support to state-run telecom company MTNL for meeting liabilities arising from levy of minimum alternate tax (MAT).
The Cabinet Committee on Economic Affairs (CCEA), which is...
Saturday, October 18, 2014
STEEL major Steel Authority of India Ltd (SAIL) is in a hiring spree and the PSU has issued recruitment notification of 432 vacancies for operator-cum-technician (trainee), attendant-cum-technician (trainee) and operator-cum-technician (S-3) (boiler operation) posts.
Eligible candidates who can fill up the...
Friday, October 17, 2014
FOLLOWING exit by all private companies from the bidding process for two ultra-mega power projects in Odisha and Tamil Nadu, India's largest power producer NTPC has remained as the sole contender for the plants worth Rs 50,000 crore.
The private players including Adani Power, Jindal Power, Sterlite and GMR have written to PFC Consulting, the consultancy firm...
Thursday, October 16, 2014
THIS may not go well with tens of thousands of small savings bank holders with India's largest public sector bank with SBI saying that it will limit the number of branch withdrawals to four a month for those maintaining balances of up to Rs 25,000.
The bank has reviewed its ATM usage charges, allowing more free...
Wednesday, October 15, 2014
Tuesday, October 14, 2014
THERE is some good news for the sick PSUs that are fighting for survival. A committee headed by NTPC Chairman Arup Roy Choudhury has supported the Government’s view on revival of sick public sector undertakings with the help of cash-rich PSUs.
The committee that submitted its report to the ministry...