"It has been decided to sell 8 per cent equity in Maruti," Heavy Industries and Public Enterprises Minister Santosh Mohan Deb told reporters after the meeting of Cabinet Committee on Economic Affairs on Friday.
He dropped those perceived to be non-performers or whose integrity came into question, and also where it was felt they needed to learn a lesson or two in humility.
Former Shiv Sena leader Suresh Prabhu on Sunday formally joined the Bharatiya Janata Party before being sworn in as Cabinet Minister in the first expansion of the Narendra Modi government.
The company faces fine of up to $18 billion in the US.
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
The new Congress-led government on Tuesday promised to 'revitalise' sick public sector units and strictly adhere to the roadmap laid out for divestment of public sector units in the Common Minimum Programme to be unveiled this week.
Tata Motors, Hero MotoCorp, Ashok Leyland, M&M are up 3-6% on BSE.
Buoyed by exit poll surveys, the Bharatiya Janata Party on Thursday claimed that it would form governments on its own in Haryana and Maharashtra, and stressed that it would not require support of the Shiv Sena to form government in the latter.
South Korean engineering behemoth Hyundai plans to set up an engineering company in India focussed solely on the petroleum sector.
Around $20 million were spent over eight years on the development of the tank.
'The success of the country's economic policies is affirmed by receipt of FDI of $15 billion last year, the highest in the Asia-Pacific after China and India, and well ahead of Indonesia, Australia, Singapore, Malaysia and Thailand,' notes Ambassador Talmiz Ahmad.
The government has decided to sell 10 per cent equity in Bharat Heavy Electricals Ltd and 7.5 per cent shares in Maruti Udyog Ltd next fiscal to raise close to Rs 2,500 crore.
Heavy Industries Minister Santosh Mohan Dev will meet Finance Minister P Chidambaram on January 25 to work out the modalities for divestment in Maruti and BHEL.
B C Khanduri, who was elevated to Cabinet rank in the Ministry of Road Transport and Highways, and Rajiv Pratap Rudy, who was given independent charge of the civil aviation ministry, were among those who joined work on Monday.
The Supreme Court on Friday directed the Delhi government to close down all industrial units set up in residential and non-conforming areas after August 1, 1999.
The government has initiated a process to define standards and guidelines for electric charging stations.
China and India have become the two strongest driving forces for the world's economic growth.
The Board for Industrial and Financial Reconstruction has constituted an assets sale committee for selling off Cement Corporation of India as a whole or in parts after declaring it sick, Rajya Sabha was informed on Monday.
Shiv Sena leader and Heavy Industries Minister Balasaheb Vikhe-Patil on Saturday resigned from the Union Cabinet.
Pakistan's hardline Islamist general Hamid Gul, known for nurturing militants in Kashmir and Punjab and Afghanistan during his stint as chief of the powerful ISI, has died following a brain haemorrhage.
'He is as consummate a politician as anyone else which is evident considering the way in which he has placed his party and weeded out his rivals from within the party.'
When Modi's name was called out by the Secretary General for taking oath, Members from the ruling National Democratic Alliance thumped the desk greeting the Prime Minister with slogans such as 'Modi Modi' and 'Bharat Mata ki Jai'.
Japan could soon be the second country after the US with which India has a logistics support agreement. Besides the LSA, India and Japan may also sign a maritime domain awareness agreement which would enable the two navies to share information. For example, if a Japanese P-1 maritime patrol aircraft detects a Chinese submarine in the Indian Ocean, it would pass on the information to the Indian Navy, reveals Ajai Shukla.
Concerned over the staggering Rs 2,100 crore (Rs 12 billion) statutory dues of ailing public sector undertakings in the midst of a cumbersome and time consuming winding up process
Exports of 'Made-in-India' vehicles have touched Rs 2,928 crore (Rs 29.28 billion) during April-October 2003 after growing by 32.4 per cent in value terms during 2002-03 to Rs 3,396 crore (Rs 33.96 billion).
Over 54,000 public sector employees opted for voluntary retirement scheme in 2001-02, Rajya Sabha was informed on Monday.
Volkswagen said the 2-litre engines would get a software update.
Rediff.com brings you the government's Yoga Day photo album.
Union Heavy Industries Minister Balasaheb Vikhe Patil said on Monday that he favours offloading up to 30 per cent equity in public sector undertakings through a public issue.
General Motors India on Monday unveiled Sports Utility Vehicle Chevrolet Forester and said it would invest Rs 1600 crore (Rs 16 billion) in the next two years to upgrade its facility here.
PM Modi and his Japanese counterpart are likely to sign several agreements, including on civil nuclear cooperation. Both leaders are also likely to discuss defence cooperation, including joint maritime exercises between Japan, India and the United States.
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