The government on Thursday invited bids from public sector financial institutions and mutual funds for its remaining 10.27 per cent stake in Maruti Udyog that would bring in Rs 2,700 crore (Rs 27 billion) to the exchequer.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Kirloskar Oil Engines files EoI for PSIDC stake in Punjab Tractors
Besides Nair, others named in the charge sheet include the then K R Sridhar Murthy, Ramachandra Vishwanathan and M G Chandrasekhar.
Indian Oil Corporation Ltd is to submit an expression of interest to acquire the marketing assets of an oil company in Thailand.
Oil and Natural Gas Corp, which had last year firmed up an investment of Rs 34,012 crore (USD 5.076.37 billion) in bringing to production 10 oil and gas discoveries in its Bay of Bengal block KG-DWN-98/2 (KG-D5), plans to invest another Rs 21,528.10 crore (USD 3.2 billion) in developing the ultra-deepsea UD-1 find.
Home buyers would be able to invoke Section 7 of the IBC against errant developers.
State-owned Power Finance Corporation on Tuesday announced its maiden public offer of 10 per cent fresh equity shares along with sale of five per cent government equity in the first quarter of next fiscal
State-run Bharat Sanchar Nigam Ltd is planning to set up 1,00,000 information kiosks covering 48 per cent of rural population by 2007 in an effort to provide broadband and connectivity in these areas.
Global majors like Accenture, EDS and IBM as well as major Indian IT vendors have been shortlisted by the public sector BSNL for second phase of its convergent billing system.
Jet Airways on Friday became the first private airliner to land at Thoise in Siachen
Of the total number of shares the government holds in Maruti, it is offering up to 2,31,12,804 shares, representing 8.00 per cent of the equity.
The empowered Group of Ministers, on Tuesday, recommended a hike in maximum permissible equity participation in the proposed joint venture companies -- for the airports of Mumbai and Delhi
The government is expected to invite initial bids for privatisation of Mineral Exploration Corporation (MECL) on Tuesday, placing advertisements in specialised technical publications in a change of strategy.
Indian Oil Corporation is keen on acquiring stake in three refineries in Nigeria and is eyeing refinery turnaround jobs in African and West Asian countries.
The government will invite bids by next week from advisors for selling its 8.0 per cent stake in Maruti Udyog Ltd.
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