At least seven companies, including Larsen & Toubro, i-Gate, Spice and Mahindra Group, have already submitted proposals to the board last week and the bids to be accepted till March 20. The board has already said that it has received adequate interest from both Indian and international bidders, including private equity firms.
India's golfer Aditi Ashok scripted another piece of history in her fast-rising career by clinching partial playing rights on the Ladies Professional Golf Association (LPGA) Tour with a tied 24th finish in the Qualifying Tournament in Florida.
The board will make the financial and legal data available to those shortlisted companies who will qualify in the EoI criteria.
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
Engineering major Larsen & Toubro said on Tuesday it has not received any intimation from market regulator Securities and Exchange Board of India regarding its chairman and managing director, A M Naik's comment on the Satyam issue.
Says Satyam is not a commodity. B K Modi of Spice had earlier pushed for e-auction, for its transparency.
Amid a crowd of suitors lining up for acquiring Satyam Computer Services, the board of the beleaguered IT firm started its meeting on Wednesday.
Speaking to private TV news channel CNBC TV18, Naik said, "Some corporate action will take place in the near future but we cannot comment on taking over Satyam at this stage."
The NSE Nifty ended at 4,239, up 28 points. The index had dropped 565 points in the last two trading sessions.
Larsen & Toubro Ltd's board will meet held on Jan 29 to consider and take on record the unaudited financial results of the company for the quarter ended December 31, 2002.
The progress of the GST Bill in Parliament is also likely to remain in focus
Comparing the capabilities of India and China in services and manufacturing respectively, Finance Minister P Chidambaram empasised the need to excel in the manufacturing sector.
The official said that L&T did not jack up its stake in Satyam in recent times and the stake the group owns was acquired in phases from the secondary market. Speculations were rife that the engineering major might look at acquiring Satyam in order to strengthen its presence in the information and technology arena where it has presence through L&T Infotech, a wholly-owned subsidiary of the group.
Eight of the 30 companies in the BSE Sensex that shared data reported 99 fatalities in 2016-17 against 86 in the previous year. These lives were lost due to industrial accidents at manufacturing facilities. Fatalities owing to road accidents were excluded from the count.
The property development division would build the integrated commercial complex at Seawoods railway station, Navi Mumbai over 40 acres of land. The proposed project is expected to be completed over the next five years, the company added. Once this project is commissioned, L&T would develop in-house capabilities to build and operate such transit oriented developments around railway stations.
The Foreign Investment Promotion Board has cleared a proposal by German plastic moulding major Ralf Schneider to set up a wholly-owned subsidiary in India, setting aside objections raised by its former Indian partner Larsen & Toubro under Press Note 1 of the Foreign Direct Investment policy.
Indian corporates have raised around $11.9 billion through overseas borrowing in the first five months of 2007-08, according to the Reserve Bank of India (RBI) data on external commercial borrowings (ECB).
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