The government on Wednesday ruled out privatisation of Indian Oil, Oil and Natural Gas Corporation and Gas Authority of India Ltd and assured all security concerns would be taken care of while divesting public sector oil
Along with the opposition, key BJP allies Shiv Sena and Samata Party also slammed Divestment Minister Arun Shourie for going ahead with the strategic sale of the equity of the two public sector oil giants.
Along with the opposition, key BJP allies Shiv Sena and Samata Party also slammed Divestment Minister Arun Shourie for going ahead with the strategic sale of the equity of the two public sector oil giants.
India's minister for privatisation on Friday said a much-awaited stake sale in state-run refiners Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited could go ahead as soon as the prime minister gave his approval.
Divesment Minister Arun Shourie said on Tuesday he had apprised Prime Minister Atal Bihari Vajpayee about the Attorney General Soli Sorabjee's opinion on privatisation of HPCL, BPCL.
Attorney General Soli Sorabjee is likely to give by Friday his opinion on legal aspects of divestment of oil PSUs HPCL and BPCL, which were nationalised through Acts of Parliament.
Indian Oil Corporation is India's only Fortune 500 company.
Arun Shourie, Union Minister for Divestment, said that the next meeting of the Cabinet Committee on Divestment would discuss the sell-off modalities of HPCL and BPCL.
Bowing to pressure from the opposition, Divestment Minister Arun Shourie on Tuesday assured the Rajya Sabha that he would seek an opinion from Attorney General Soli Sorabjee on the legality of the sell-off of HPCL and BPCL.
In an apparent bid to resolve the row over divestment in public sector units including the one involving HPCL and BPCL, Prime Minister Atal Bihari Vajpayee held an informal meeting of senior Cabinet ministers.\n\n
Bharat Sanchar Nigam Ltd has decided to expand mobile telephony network in Jammu and Kashmir by 100,000 more connections to meet the growing demand.
"Our neighbouring country thinks such terror attacks can weaken us, but their plans will not materialise," he said at a function to flag off a new semi-high speed train from Delhi to Varanasi.
Communication minister Arun Shourie on Monday apprised Prime Minister Atal Bihari Vajpayee of latest developments in the telecom sector including tariff revision, the issue which rocked the Parliament last week.
Under pressure from various political parties including key members of the NDA coalition, demanding roll-back in telecom tariff, Communications Minister Arun Shourie said on Friday the matter was for the prime minister to decide.
Film financer Bharat K Shah has challenged the framing of murder charges against him saying there was no evidence to link him to any conspiracy by the underworld to murder film personalities.
The government will complete the sale of cash-rich oil refiners Hindustan Petroleum Corporation and Bharat Petroleum Corporation in six to eight months, Divestment Minister Arun Shourie said on Wednesday.
Disinvestment Minister Arun Shourie said Tuesday the SEBI has initiated an investigation into the fall of share prices of BPCL and HPCL.
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.
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
The government has launched 'Make In India' initiative.
Bill & Melinda Gates Foundation (BMGF) has offered to help in monitoring of the progress made with regard to Pradhan Mantri Jan Dhan Yojana (PMJDY), the flagship financial inclusion scheme of the government.
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.
A look at the star arrivals.
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.
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 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.
Sun TV had approached the Home Ministry for security clearance.
'Coronavirus has occasioned us to see how copious Modi's mojo bag is,' says Shreekant Sambrani.
Sources said valuation of all these assets was an ongoing process, and the mode and manner of disposal would be decided on a case-by-case basis
590 cricketers -- including 370 Indian players and 220 overseas players -- will go under the hammer during the two-day mega auction in Bengaluru on February 12 and 13.
The meeting was about capex, and as the country is on the growth path, the companies were advised to increase capex, NLC India Chairman and Managing Director S K Acharya said after the meeting.
Malaysian budget airline AirAsia moved a step closer to securing permission to launch operations in India, with Civil Aviation Minister Ajit Singh on Monday saying that all issues concerning the carrier's application have been resolved.
'Fiscal purists would quarrel with the idea of selling assets to pay for current expenditure -- such as the payout to farmers and the health insurance programme -- for the obvious reason that the process cannot go on forever.' 'At some point, the list of assets available for sale will run out,' notes T N Ninan.consultations -- something already aired in connection with the lease of airports to the Adani group, says T N Ninan.
'Before Shastri's induction, things were sketchy and it was not known who was responsible for taking cricketing decisions around the team. The selectors chose a squad of players, the captain ran the show on the field and the coaches helped draft plans, or sort of tried to. There needed to be one man who could coordinate all elements around the squad -- someone who had the backing of the Board, the respect of the players and that of the support staff.'
