In a bid to resolve the row between cellular and basic players, Communication and IT Minister Arun Shourie constituted on Friday a 7-member committee including Reliance's Mukesh Ambani and Bharti's Sunil Mittal
Praise came from one Arun toanother when the new Commerce and Industry Minister Arun Jaitley said that Divestment Minister Arun Shourie was doing exceedingly well.
Indian IT major Infosys Technologies' proposal to increase its American Depository Shares from 3.5 per cent to between 6.27 and 7.78 per cent was amongst 50 foreign direct investment proposals
The Cabinet Committee on Divestment is likely to meet on Sunday to consider various issues relating to the privatisation of HPCL and BPCL, following a favourable opinion given by Attorney General Soli Sorabjee.
Divestment Minister Arun Shourie said on Tuesday that his ministry had furnished all the facts to Attorney General for getting his opinion on the legal aspects of privatising public sector oil company, Hindustan Petroleum Corporation.
In a bid to promote India as a hardware destination, a high-powered delegation headed by the IT secretary K K Jaswal will visit the United States and European countries to make board-level presentations.
The government on Monday said the decision on the timing of GAIL and Oil and Natural Gas Corporation public issues would be clear by the middle of February, while exuding confidence that both the issues would be completed during this fiscal.
Divestment Minister Arun Shourie said on Tuesday that administrative delays were affecting the growth of exports in the country.
Disinvestment Minister Arun Shourie said Tuesday the SEBI has initiated an investigation into the fall of share prices of BPCL and HPCL.
The government has realised about Rs 3336 crore (Rs 33.36 billion) on account of divestment of public sector units as against a target of Rs 12,000 crore (Rs 120 billion) till this November, Lok Sabha was informed on Tuesday.
Controversial disinvestment of Mumbai's Centaur hotel rocked Rajya Sabha Tuesday as Shiv Sena member Sanjay Nirupam alleged harassment of its employees leading to heart attacks and strokes to five of them.
The government does not propose to permit foreign direct investment in retail business, Commerce Minister Arun Shourie assured the Lok Sabha on Monday.
The government on Wednesday said it has started the process of appointing financial advisors to offload 10 per cent stake in state-owned oil refinery Oil and Natural Gas Corporation.
Divestment Minister Arun Shourie on Thursday declined to comment on reports that Indian companies would be kept out of bidding in the divestment process relating to public sector oil companies.
The government on Thursday warned the industry of being isolated in the World Trade Organisation and overtaken by countries like China if it continued to maintain a negative and suspicious attitude rather than effectively engaging in a dialogue.
Divestment Minister Arun Shourie will soon make a statement on stake sales in two state-run oil firms following a consensus reached on the issue by a group of top ministers.
Government has found common ground on its stalled privatisation drive after a crucial meeting of allies within the ruling coalition.\n\n\n\n
With a view to enhance the use of information technology in government functioning, department of IT will soon come out with broad outlines of the national e-governance plan.
A three-judge bench presided by Chief Justice Ranjan Gogoi and comprising of Justice Sanjay Kishan Kaul and K M Joseph said that it was not their job to go into the issue of pricing of the fighter planes.
The Group of Ministers on Telecom on Thursday approved a hike in foreign investment limit in the sector to 74 per cent from the present 49 per cent, subject to the management control remaining in Indian hands.
The government is likely to sell its residual stake in privatised firms like Videsh Sanchar Nigam Ltd and CMC to strategic acquirers soon, Divestment Minister Arun Shourie said on Monday.
The government is likely to finalise by the third week of this month, the advisor for divestments of Bharat Petroleum Corporation Ltd for which over half a dozen merchant bankers are in the race.\n\n\n\n
Indian Divestment Minister Arun Shourie said on Friday that he expected to partly complete the asset sale in National Aluminium Co, the nation's second largest aluminium maker, by November.\n\n\n\n
The entire Opposition in the Rajya Sabha on Thursday was one against the hike in telecom rates but failed to elicit any assurance of a rollback from Telecom Minister Arun Shourie.
Communications Minister Arun Shourie on Wednesday said rentals for landlines have not been increased neither in rural nor in urban areas by BSNL and MTNL.
The government on Monday announced a selling price of Rs 750 per share for the public offer of 14.26 crore shares in Oil and Natural Gas Corporation.
Public sector giants ONGC, BHEL and GAIL are among the companies short-listed for bidding for majority 51 per cent control of Engineers India Limited, Rajya Sabha was informed on Thursday.
The government said on Thursday that it would make public offer of 36 lakh (3.6 million) shares in Maruti Udyog Limited in June as part of its divestment in the joint venture car company.
Oil major ONGC is believed to have been kept out of the bidding process for the two oil PSUs.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances