Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions. As per the legal position evaluated by Department of Investment and Public Asset Management (DIPAM) - the department running the process for sale of government's entire 52.98 per cent stake in BPCL - the acquirer of BPCL will have to make an open offer to the minority shareholders of Petronet and IGL for acquisition of 26 per cent shares, three sources with knowledge of the matter said.
Alas, the 'basic income' schemes that have hit the headlines in the recent past are a far cry from the genuine article in terms of coverage and fiscal implications, says Vijay Joshi.
Major General B S Raju, the head of Victor Force that performs counter-insurgency operations in five districts of south Kashmir, says a great deal of political sagacity is needed to ensure that a lasting solution to the decades-long separatist problem is found.
Putin said India was facing a serious problem on account of terrorism and it was not an "imaginary thing".
Modi avoided a direct reference to the US withdrawing from the international deal.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
"We do not have any tight (military) relations with Pakistan," Putin said.
Putin said India will become a full-fledged member of the SCO in a week.
Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps, while Netherlands-based Trafigura Group Pte, one of the world's biggest commodity trading companies, and Russian investment fund United Capital Partners split another 49 per cent equity equally.
Privatisation is still regarded as beyond the pale but public-private partnerships have gained in popularity.
'Success will require political skill, not just economic expertise'
India could gain four times over by winding up dysfunctional subsidies.
Besides IOC, ONGC Videsh Ltd has also sought two discovered fields from the 16 fields that Iran is likely to put on auction shortly
Invoking the age-old cultural bonds between India and Iran, Prime Minister Narendra Modi on Monday said it was time for the two countries to "march together" by regaining the "past glory" of historical ties
Prime Minister Narendra Modi on Monday called on Iranian Supreme Leader Ali Khamenei.
India and Iran on Monday decided to jointly combat terror, radicalism and cyber crime as the two strategic partners signed 12 agreements including a "milestone" pact on developing the key Chabahar port for which India will provide $500 million.
Invoking India's "civilisational ties" with Iran, Prime Minister Narendra Modi flew in to Tehran on Sunday on a two-day visit, saying his talks with the Iranian leadership would provide him an opportunity to advance the "strategic partnership" between the two countries.
Prime Minister Narendra Modi on Sudnay arrived in Tehran on a two-day visit.
Prime Minister Narendra Modi said some countries still use terrorism as "an instrument of state policy" and the world must act against radicalisation without any political consideration
The host country has been pressing for a discussion at the 10th G20 Summit on the conflicts in Syria and the worst migrant crisis since World War II.
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