Maruti scrips closed 1.8 per cent higher at Rs 663.05 on the Bombay Stock Exchange.
The Union Cabinet is understood to have decided to constitute an empowered Group of Ministers to resolve the crisis plaguing the multi-billion Dabhol power project, promoted by the erstwhile Enron Corporation.
The empowered group of ministers on Friday deferred a decision on the appointment of a financial consultant for privatisation and modernisation of Delhi and Mumbai airports.
The Inter-Ministerial Group on restructuring of Delhi and Mumbai airports asked global consultant ABN-AMRO to shortlist the bidders, ten of whom have expressed interest in modernising these airports, by Thursday.
The stage is set for opening of commercial bids for the modernisation of Delhi and Mumbai airports, with the empowered group of ministers on Civil Aviation scheduled to meet on Monday for taking a decision on technically qualified bidders.
The aircraft to be inducted by Indian Airlines are 19 Airbus A 319s, Four A 320s and 20 Airbus A 321s.
The Empowered Group of Ministers looking into the Dabhol power project fiasco is likely to meet on Friday to discuss ways to restart the plant that has been lying idle for over three years.
The Empowered Group of Ministers, which is looking into the debacle of the Dabhol power project
Dismantling a legacy of United Progressive Alliance rule, Prime Minister Narendra Modi has abolished all the 30 GoMs and EGoMs and told ministries and departments to take decisions on pending matters.
Indian lenders to the Dabhol power plant are close to a settlement with Bechtel, which will clear the last major hurdle in reviving the 2,184 MW power plant that has been shut for over four years.
The meeting of the empowered Group of Ministers on Dabhol Power, scheduled for October 8 to discuss ways and means of reviving the troubled 2,184 MW power project in Maharashtra, has been postponed.
The ministry of finance has estimated that about Rs 1,800 crore (Rs 18 billion) would be needed to restart the Dabhol Power plant, lying idle for the past three years.
The government is likely to approve shortly a counter-guarantee of about Rs 950 crore (Rs 9.5 billion) to enable domestic lenders of Dabhol Power Company to buy out debts of foreign lenders
To provide better working conditions and social security to workers in the unorganised sector, an empowered group of ministers on Friday cleared a draft of the unorganised sector workers bill that provides for pension and insurance to the workforce.
Amid his thrust on efficient governance, delivery and implementation, Prime Minister Narendra Modi on Monday held a marathon meeting with his entire 45-member Council of Ministers to emphasise these aspects.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
The govt is expected to achieve the revenue target of Rs 40,000 crore from spectrum sale this fiscal, Telecom Secretary M F Farooqui said.
In the second major decision to end the UPA government's legacy, Prime Minister Narendra Modi on Tuesday scrapped four cabinet committees, including one on Unique Identification Authority, as part of his efforts to minimise decision-making processes.
An empowered group of ministers headed by Defence Minister A K Antony is to consider an Oil Ministry proposal of abolishing the priority ranking later in the day, according to which natural gas is first given to urea manufacturing fertiliser plants, then to LPG units, followed by power plants, city gas, steel and refineries.
"People must realise that mob violence and taking of law into the hands will invite wrath of law," said the bench.
'The AMs are a different beast and reflect the political play within the government.' 'Prime Minister Modi does not need to assuage any interest group to take the final call on any decision that belongs rightfully to the Cabinet,' points out Subhomoy Bhattacharjee.
The prime minister's office will play the principal role in decision-making.
The court granted the last opportunity to the defaulting states and UTs, warning if they did not file their reports within a week, then their home secretaries will have to appear in person before court.
Air India had placed an order for 68 aircraft, including Boeing 737s, 777s and 787s, all valued at $11 billion in Dec 2005.
While Moily refused to elaborate on the reasons for the deferment, sources said his ministry had raised concerns over pricing of IOC shares.
Global credit rating agency Fitch upgraded outlook for the Indian telecom sector from 'negative' to 'stable'.
Prime Minister Manmohan Singh on Thursday said a strong domestic manufacturing base in electronics and telecommunications will mitigate burden of growing imports for the sector.
Despite getting lukewarm response from the earlier two auctions, the government on Monday said it is confident of meeting the revenue target of Rs 40,000 crore (Rs 400 billion) from spectrum sale this fiscal.
The oil ministry is rejecting the monetisation of new discoveries as their production will not be viable at the present price of $4.2 per mmbtu
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The Finance Ministry has filed the offer document with market regulator Securities and Exchange Board of India for the Central Public Sector Enterprises ETF, which could fetch the exchequer about Rs 3,000 crore (Rs 30 billion).
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