The Coal Ministry on Monday received a total 69 applications from various PSUs
Anil Ambani Group firm Reliance Energy, Tata Power, GMR and aluminium manufacturer Nalco are keen to enter nuclear power business, NPCIL Director (Finance) JK Ghai said.
Aluminium producers are pleasantly surprised, as the price of the base metal reached a 14-month high of $2,188 per tonne this week despite the absence of any surge in consumption.
The well-planned attack, apparently aimed at affecting the upcoming polls and looting weapons, took place shortly after 9.30 pm on Sunday when about 22 CISF personnel were inside a canteen at Asia's biggest bauxite mine. The heavily-armed Maoists, numbering about 200, including some women, looted the CISF armoury in the mine area which contained huge quantities of sophisticated arms and ammunition as well as explosives, police sources said.
The Public Enterprises Selection Board, which advises and helps government in selection of board members at public sector firms, has started the recruitment process for at least 27 board positions of various PSEs, a number of which have already fallen vacant. Among the Chairman or CMD level vacancies, for which applications are being sought, the positions of HAL Chairman and CMDs at HSL, ECIL, MSTC, STC and BEL would fall vacant between April-June next year.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
The government, which on Thursday decided to sell ten per cent stake in NALCO, now contemplates offloading ten per cent stake in the Coal India Limited through initial public offerring.
Prime Minister Manmohan Singh has decided to keep all divestment decisions and proposals on hold following concerns voiced by some constituents of the United Progressive Alliance.
Jagdish Malkani, member of the National Stock Exchange, says that cement as a sector is definitely attractive; and hotels too are doing extremely well.
The government on Tuesday announced that it has formally called-off plans to sell stakes in 13 profit-making central public sector undertakings.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The reduction in customs duties on non-ferrous metals would keep a check on a rise in prices, as landed cost of these would effectively reduce
Finance Minister Jaswant Singh has cleared 38 foreign direct investment proposals worth Rs 121.46 crore (Rs 1,214.6 million), including those of the United States-based Nalco Chemicals and French company FCI.
Aluminium stocks like Hindalco and Nalco have outperformed this benchmark index by a comfortable margin by logging in gains of 39% and 30%, respectively.
Indian aluminium producers are one of the lowest cost producers in the world, which is a significant advantage.
Other companies which are on the block include NMDC, NALCO and IOC.
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap up 0.5% and 0.6%.
The doubling of Clean Energy Cess from Rs 200 to 400 per tonne would further increase the input cost for domestic producers.
The divergence shows lack of financial depth in the Indian stock markets.
Almost all major metal and mining firms would be affected by the Supreme Court ruling canceling 214 coal blocks, but Naveen Jindal's JSPL and Aditya Birla Group's Hindalco would be among the worst hit, analysts said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Lines up seven OFS issues along with half a dozen IPOs for the next few months
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
IndusInd Bank was down nearly 1% even after it reported a 21% rise in its fourth-quarter profit
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
The government on Friday issued fresh show cause notices to prior allottees of coal blocks like JSPL, JSW and Tata Steel, asking reasons behind delays in mines development and warned of deduction in their bank guarantees if they failed to furnish replies.
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