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
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.
Oil major ONGC is believed to have been kept out of the bidding process for the two oil PSUs.
The government has been able to mobilise Rs 3,000 crore to Rs 3,500 crore (Rs 30-35 billion) by way of divestment during the first nine months of the current financial year, Divestment Minister, Arun Shourie.
Japanese tyre maker Bridgestone Corporation's Rs 66.6-crore proposal for hiking equity in its Indian arm to 100 per cent was among the 23 proposals worth Rs 92 crore cleared by the Government Monday.
Civil Aviation Minister Shahnawaz Hussain has said he is 'totally in favour' of divesting Air-India and Indian Airlines, but asserted there are no buyers for them in the present depressed global aviation market.
Petroleum Minister Ram Naik said the terms and conditions of the strategic sale of HPCL and and public offer in BPCL would be worked out by a core group of secretaries on divestment.
The United States-based publishing software firm Adobe on Tuesday said it will add 100 professionals for its research and development activities in India in the next one year.
India is taking up with the United States the issue of reduction of H1B visas for specialised workers, as it would affect movement of Indian software professionals to that country, the Rajya Sabha was informed on Thursday.
The government is believed to have zeroed in on DSP Merill Lynch for appointment as advisor and UBS and I-Sec as lead manager for the proposed public offer in Bharat Petroleum Corporation.
The basic and cellular industry seems to have agreed to workout a long-term solution to resolve the controversial Wireless in Local Loop issue, and the Group constituted by Communications and IT Minister Arun Shourie
The joint petition, filed by senior journalist N Ram, former Union minister Arun Shourie, and lawyer Prashant Bhushan, submitted that the impugned sub-section is unconstitutional as it is incompatible with preambular values and basic features of the Constitution.
The Centre is expected to apprise the court of the steps taken so far with regard to reviewing the contentious penal provision.
Ex TRAI chief says Manmohan Singh warned him of harm on 2G issue
If bureaucrats are to implement the policies of the government, they would do so very efficiently if there is a prime minister who can "whip ministers and secretaries into doing their work", former Union Minister Arun Shourie said on Monday.
The court's remarks came when the petitioner said they were seeking a court-monitored CBI probe into the deal.
In its December 14 order, the Supreme Court had dismissed petitions seeking a probe by a Special Investigation Team into the Rafale deal signed two years back, alleging irregularities and corruption in the pact.
Former Trai chief lashes out on CBI, ministers in 2G scam
Much before Rashtrapati Bhavan confirmed the new ministers' portfolios, we had said who will get what in Narendra Modi's Union council of ministers!
The top court had rejected the objections raised by the Centre that those documents were not admissible as evidence under Section 123 of the Indian Evidence Act, and no one can produce them in court without the permission of the department concerned as they are also protected under the Official Secrets Act.
"We are little perplexed that the two cases are listed on two different dates when the order was that these matters will be heard together," the bench said.
No prizes for guessing what the BJP's election campaign is going to be, and who will provide important inputs for it.
Congress vice president takes on Prime Minister during intolerance debate in Lok Sabha.
Congress vice president takes on Prime Minister during intolerance debate in Lok Sabha.
"It is reiterated that the petitioners are using documents with the intention to present a selective and incomplete picture of internal secret deliberations on a matter relating to national security and defence," the defence ministry said.
A bench headed by Justice Arun Mishra, which on July 22, had issued show cause notice to Bhushan after initiating the criminal contempt against him for his two alleged derogatory tweets against the judiciary, had reserved the verdict on Wednesday.
The trio said the top court had relied upon 'patently incorrect' claims made by the government in an unsigned note given in a sealed cover in the court.
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.
Fernandes wanted Coca-Cola Company to not just transfer 60 per cent of the shares of its Indian firm but also the formula for its concentrate to Indian shareholders.
Former RSS ideologue K N Govindacharya on Tuesday sought to dissociate himself from the criticism by the BJP elders against Prime Minister Narendra Modi over Bihar polls, and said the senior leaders should have discussed the matter internally.
That such a deal can be greeted with celebration in the camps of both buyer and seller speaks volumes about the airline and its recent history, explains T N Ninan.
Many in party believe that Advani will be left out as the group of veterans supporting him will not stick together for long.
Sinha said the youth, farmers and the traders were dissatisfied with present policies of the saffron party.
Arun Shourie, who made a name as an editor par excellence before he chose to join politics, put it in perspective: 'The Rafale judgment enables the media to its job.'
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