PSUs will get direct allotment.
The document also recommends setting up of a high-level committee with the task of examining the option and asking it to submit a report within six months.
The insurer is a venture between banking major ICICI Bank and the UK's Prudential Corporation Holdings. Singapore's Temasek and Premji Invest are also the shareholders.
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
Reflecting the bullish mood, all sectoral indices ended with gains, led by auto, oil and gas, FMCG, IT and teck. The broader NSE Nifty, after crossing the 10,600-mark, settled 68.40 points, or 0.67 per cent higher at 10,598.40.
Freight rates for 12 commodities hiked.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
In the Sensex pack, index heavyweight Reliance Industries fell 2.84 per cent to Rs 1,057.15 after reports that the company's oil assets may take a hit due to the government's imposition of cost controls on soaring petrol and diesel prices.
Dabang Mumbai and Kalinga Lancers entered the finals of the fifth edition of Coal India Hockey India League by winning their respective semi-finals against Delhi Waveriders and Uttar Pradesh Wizards at the Sector 42 Hockey Stadium in Chandigarh on Saturday.
The company scrapped a proposal to import coal this year as it dipped into high inventory to meet requirement of power plants.
Over 18 crore workers are expected to participate making this a much bigger strike than last year.
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
To float SPV, levy user charge on consumers to cover investment cost.
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
The biggest initial public offer in over 2 year, made by telecom tower company Bharti Infratel, has received total subscription of over Rs 4,365 crore or 1.3 times the issue size on its last day today.
Bharti Infratel's Rs 4,500-cr share sale to be the largest since Coal India's in 2010.
Coal India Ltd on Tuesday announced an average 16.7 per cent hike in prices of all grades of coal from midnight on Tuesday.
The Central Bureau of Investigation has registered three separate cases against senior officials of Northern Coalfields Limited, a mini-ratna company and a major subsidiary of the Coal India Limited at Singrauli, in connection with alleged corruption cases related to procurement of mining equipment and financial irregularities.
The broader NSE Nifty rose nearly 124 points to settle just below the psychological 11,000 level.
The coal scandal began with revelations about the Manmohan Singh government, then expanded in scope to take in the Vajpayee government, and has now become a sweeping saga that lays bare the contemporary Indian state.
The recommendation, if implemented, could severely dent coal miners' bottom line.
According to the apex power planning body, 47 power stations suffer scarcity of fuel with stocks that could not last more than a week.
At least 15 miners were trapped in the 370 foot-deep illegal coal mine in Lumthari village of East Jaintia Hills district since December 13 and all efforts to pump the water out of flooded mine have been in vain.
Sensex, Nifty put up a good show in closing trade.
Demands include clearing eight critical coal blocks attached to projects of big corporate houses.
An inquiry has been ordered by the Director General of Mines Safety and a high-level committee of experts has been constituted by Coal India to investigate the causes of the accident.
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
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ITC, TCS and HDFC Bank emerged as the biggest gainers during the period.
Several stocks cheaper in dollar terms now than in March 2009 when Sensex was below 9,000; FIIs in Coal India IPO stare at losses.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
All sectoral indices on the BSE and NSE ended in the red, led by realty, banking, metal, pharma, pharma and financial stocks.
Pharma major Sun Pharma remained the worst loser in the Sensex pack for the second day in a row after reports that regulator Sebi may reopen the insider trading case against the company.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The S&P BSE Sensex has gained 149 points to open at 25,802.
Can relax penalty payable in case of a shortfall on 80% committed quantity
It is developing ash parks at Varanasi, Raipur, Pune and Cuttack, to make it available to ash-based product manufacturing units at these centres. It recently signed an agreement with NHAI for supply of ash for use in road construction.
The Hockey Junior World Cup Men is scheduled to take place from December 8 till December 18, in Lucknow, the International Hockey Federation (FIH) on Thursday confirmed.
Monday saw the Sensex post its weakest closing since July 11 when it settled at 36,265.93. In the previous four sessions the index had lost 1,249.04 points.
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