public sector companies

Coal India to invest Rs.40,000 crore in 12th Plan


September 12th, 2012 - 9:53 pm ICT by IANS
New Delhi, Sep 12 (IANS) State miner Coal India Ltd (CIL) said Wednesday the company was committed to investing Rs.40,000 crore in the 12th Plan period (2012-17)."Capital investment plan for ... Read more...

Posted in Business |

Chola MS targets Rs.2,500 crore premium by 2014-15


September 3rd, 2012 - 9:11 pm ICT by IANS
Chennai, Sep 1 (IANS) City-based Cholamandalam MS General Insurance Company (Chola MS) is targeting a premium of Rs.2,500 crore by fiscal 2014-15, a top company official said Monday.To achieve this, ... Read more...

Posted in Business |

SBI expects another Rs.40 billion capital infusion


August 23rd, 2012 - 7:36 pm ICT by IANS
Kolkata, Aug 23 (IANS) The State Bank of India (SBI) Thursday said its meeting with the central government on capital infusion could take place this week and that it ... Read more...

Posted in Business |

State-run job portal in Kerala


August 5th, 2012 - 4:39 pm ICT by IANS
Thiruvananthapuram, Aug 5 (IANS) With more than four million educated unemployed in the state, Kerala is launching what is perhaps the country's first government-run job portal.The portal will feature jobs ... Read more...

Posted in Business |

Latin America - Energising India (Comment)


June 21st, 2012 - 9:52 am ICT by IANS
Latin America has remained at the periphery of Indian political and economic strategy, having presented no significant challenges, received marginal Indian migration (mainly in the Caribbean/Atlantic), and, depending on the country, ... Read more...

Posted in Business |

Brisk voting in UP by-election at Mant


June 12th, 2012 - 3:42 pm ICT by IANS
Lucknow, June 11 (IANS) Brisk voting was reported from Uttar Pradesh's Mant legislative assembly constituency where by-election is being held Tuesday.According to Election Commission officials, around ... Read more...

Posted in Politics |

Firms non-compliant with SEBI norms to face action


May 7th, 2012 - 10:32 pm ICT by IANS
Chennai, May 7 (IANS) Capital market regulator Securities and Exchange Board of India (SEBI) Monday warned of action against companies not complying with its norms on public shareholdings even as ... Read more...

Posted in Business |

Labour strike to cripple key sectors of Indian economy (Lead)


February 27th, 2012 - 10:04 pm ICT by IANS
New Delhi/Mumbai, Feb 27 (IANS) Key sectors of the Indian economy such as banking, insurance, telecom, transport, mining, postal and manufacturing could be badly hit Tuesday owing to the ... Read more...

Posted in Business |

Kannur airport to begin operations in 2015


February 7th, 2012 - 6:39 pm ICT by IANS
Thiruvananthapuram, Feb 7 (IANS) Kerala's fourth international airport at Kannur would begin operations in 2015, K.Babu, the state's minister in charge of the airport, said Tuesday.Babu told reporters here that ... Read more...

Posted in Business |

Indian fertiliser makers looking to buy mines in Africa


December 11th, 2011 - 3:17 pm ICT by IANS
New Delhi, Dec 11 (IANS) Faced with increasing demand and rising cost of importing raw material, the Indian fertiliser industry is eying mineral assets in Africa."Today there is a possibility ... Read more...

Posted in Business |

Fertiliser industry wants $20 bn for overseas assets


December 7th, 2011 - 3:49 pm ICT by IANS
New Delhi, Dec 7 (IANS) To control the high cost of importing potash and phosphates for the domestic fertiliser industry, manufacturers have asked for creation of a $20 billion sovereign ... Read more...

Posted in Business |

Policy soon on pricing 84 natural resources


September 4th, 2011 - 4:38 pm ICT by IANS
New Delhi, Sep 4 (IANS) The finance ministry will soon place before the union cabinet a note for approval on pricing of natural resources such as spectrum, petroleum, coal, ... Read more...

Posted in Business |

5 percent equity divestment in BHEL cleared


August 30th, 2011 - 11:23 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Cabinet Committee on Economic Affairs Tuesday approved disinvestment of five percent paid up equity in Bharat Heavy Electricals Limited (BHEL), a public sector ... Read more...

Posted in Business |

Land bill to be retrospective: Ramesh (Lead)


August 20th, 2011 - 12:17 am ICT by IANS
New Delhi, Aug 19 (IANS) Modifications have been made to the draft land acquisition bill by tightening the definition of public purpose and introducing a new clause for its retrospective ... Read more...

Posted in Uncategorized |

Modified land bill draft to be retrospective: Ramesh


August 19th, 2011 - 6:39 pm ICT by IANS
New Delhi, Aug 19 (IANS) Some modifications have been made to the draft land acquisition bill by tightening the definition of public purpose and introducing a new clause for its ... Read more...

Posted in Business |

Pranab calls for private-public partnership in insurance


February 6th, 2011 - 12:01 am ICT by IANS
Ragunathganj (West Bengal), Feb 5 (IANS) Union Finance Minister Pranab Mukherjee Saturday advocated public-private partnership in the insurance sector to bring more people under its cover."In our country, the total number ... Read more...

Posted in Business |

Nalco signs pact for Rs.400 crore titanium project (Lead)


January 15th, 2011 - 11:35 pm ICT by IANS
Bhubaneswar, Jan 15 (IANS) Two public sector companies, the National Aluminium Company Ltd (Nalco) and Indian Rare Earths Ltd (IREL), have signed a pact to set up a titanium plant at an ... Read more...

Posted in Business |

Nalco signs pact for Rs.400 crore titanium project


January 15th, 2011 - 9:42 pm ICT by IANS
Bhubaneswar, Jan 15 (IANS) Two public sector companies, the National Aluminium Company Ltd (Nalco) and Indian Rare Earths Ltd (IREL), have signed a pact to set up a titanium plant at an ... Read more...

Posted in Business |

Bharti Axa hopeful of signing a bancassurance deal in 2011


November 30th, 2010 - 7:08 pm ICT by IANS
Chennai, Nov 30 (IANS) The Bangalore based private non-life insurer Bharti Axa General Insurance Company Ltd is planning to increase its presence in tier II and III cities next year and also ... Read more...

Posted in Business |

India, Angola to speed up petroleum sector cooperation


October 31st, 2010 - 10:24 pm ICT by IANS
New Delhi, Oct 31 (IANS) Petroleum Minister Murli Deora and his Angolan counterpart Jose Maria Botelho de Vasconcelos Sunday agreed to sign a memorium of understanding (MoU) that will speed up cooperation ... Read more...

Posted in Business |

France’s Nuvia is first n-sector support company to make India base


October 14th, 2010 - 2:42 pm ICT by IANS
By V. Jagannathan Chennai, Oct 14 (IANS) French nuclear engineering and support services company Nuvia is planning to use India as its third global hub to service the domestic and overseas markets, apart ... Read more...

Posted in Business |

Coal mining will be increased to meet demand: Jaiswal


September 24th, 2010 - 6:17 pm ICT by IANS
New Delhi, Sep 24 (IANS) In a bid to increase coal production, the government will soon allow up to 20 boreholes in a square km area for coal exploration from one borehole ... Read more...

Posted in Business |

Sensex builds on opening gains


August 18th, 2010 - 1:32 pm ICT by IANS
Mumbai, Aug 18 (IANS) A benchmark index for Indian equities Wednesday extended its early morning gains, with auto and public sector companies leading the pack. The index was up 93 points ... Read more...

Posted in Business |

Olympics graft-free due to stringent oversight: China


July 30th, 2010 - 8:38 pm ICT by IANS
New Delhi, July 30 (IANS) India, whose Commonwealth Games projects have been hit by graft charges, has much to learn from the "corruption-free" Beijing Olympics, with a visiting functionary of the ... Read more...

Posted in Politics |

petrol decontrol positive for oil companies: Crisil


June 28th, 2010 - 8:59 pm ICT by IANS
New Delhi, June 28 (IANS) Credit rating agency Crisil said the decontrol of petrol price will positively impact the financial risk profiles of oil marketing companies. However, given the sizeable under-recoveries that still ... Read more...

Posted in Business |

Nod for 10 percent divestment in Coal India, Hindustan Copper (Lead)


June 15th, 2010 - 3:20 pm ICT by IANS
New Delhi, June 15 (IANS) The government Tuesday approved 10 percent divestment of its shares in Coal India and allowed another state-run company Hindustan Copper to issue 10 percent fresh equity ... Read more...

Posted in Business |

Over 200 public sector companies default payment to CISF


April 27th, 2010 - 8:25 pm ICT by IANS
New Delhi, April 27 (IANS) A total of 232 public sector establishments had defaulted in dues to the Central Industrial Security Force (CISF), amounting to Rs. 322.65 crore, for the security shield ... Read more...

Posted in Uncategorized |

Indian Public sector enterprises should be globally competitive, says President Patil


April 10th, 2010 - 8:20 pm ICT by ANI
New Delhi, Apr 10 (ANI): President Pratibha Devisingh Patil on Saturday said that Indian public sector enterprises should make efforts to be globally competitive."Many companies in the public sector have proved ... Read more...

Posted in National |

No fuel price hike till committee submits report: Deora


February 1st, 2010 - 3:23 pm ICT by IANS
New Delhi, Feb 1 (IANS) Petroleum Minister Murli Deora Monday indicated that transport fuel prices will not increase till the Kirat Parikh committee submits its report. The Kirat Parikh committee was constituted ... Read more...

Posted in Business |

EXpert group’s report on fuel pricing by month-end


January 20th, 2010 - 6:20 pm ICT by IANS
New Delhi, Jan 20 (IANS) An expert committee on fuel pricing, headed by eminent economist and former Planning Commission member Kirit Parikh, will submit its recommendations Jan 31. "I will give my ... Read more...

Posted in Business |

Oil firms may be given Rs.12,000 crore compensation


January 15th, 2010 - 9:47 pm ICT by IANS
New Delhi, Jan 15 (IANS) The finance ministry may offer oil marketing companies a Rs.12,020 crore as compensation for underwriting their losses -- less than half of what the petroleum ... Read more...

Posted in Business |

Boeing sources wares from Indian firms for maritime aircraft


December 17th, 2009 - 3:50 pm ICT by IANS
By Gulshan Luthra New Delhi, Dec 17 (IANS) Boeing has tied up with four Indian firms to source electronic equipment to meet a part of the offsets obligations as part of its sale ... Read more...

Posted in Business |

Shutdown paralyses life in Telangana


November 30th, 2009 - 12:46 pm ICT by IANS
Hyderabad, Nov 30 (IANS) Normal life came to a grinding halt in Telangana region of Andhra Pradesh as Monday's day-long shutdown called by Telangana Rashtra Samiti (TRS) to protest the arrest of ... Read more...

Posted in Politics |

Steel production to be 124 mn tonnes by 2011-12: Minister (Lead)


November 14th, 2009 - 9:51 pm ICT by IANS
Kolkata, Nov 14 (IANS) Steel Minister Virbhadra Singh Saturday said India's annual steel production would touch 124 millions tonnes by 2011-12. "This year (2009-10), production would be more than 60 million tonnes, up ... Read more...

Posted in Business |

Steel production to be 124 mn tonnes by 2011-12: Minister


November 14th, 2009 - 5:47 pm ICT by IANS
Kolkata, Nov 14 (IANS) Steel Minister Virbhadra Singh Saturday said India's annual steel production would touch 124 millions tonnes by 2011-12. "This year (2009-10), production would be more than 60 million tonnes, up ... Read more...

Posted in Business |

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