Govt's stake sale plans set for a Diwali boost

The government's disinvestment programme is set to get a boost this Diwali, with the finance ministry planning to hit the market to sell a five per cent stake in Steel Authority of India Ltd (SAIL)......

FII gains evaporate as dollar turns too hot for rupee

Foreign investors in the Coal India (CIL) initial public offer (IPO) are staring at losses. The IPO was India's largest and one of the most successful IPOs in recent times. What would have been......

Coal India employees may get nod to buy shares

Coal India employees, who were barred by their unions from buying shares during the mega-IPO last year, may after all get another opportunity. The Coal Ministry now says it can still reconsider the......

CIL eyes 15% stake in Aussie firm for $100 mn

Coal India Ltd, the world's largest coal producer, may buy up to a 15 per cent stake in US-based Peabody Energy Corp's Australian assets early next fiscal for an estimated USD 100 million (about Rs......