The Indian government is mulling various steps to prevent further depreciation of rupee against the dollar. One of the steps considered by the government is to ask financially strong state-run companies to raise debt from overseas investors. According to one estimate, state-run companies could raise $25-30 billion of capital through issue of bond

Several state-run banks have announced improvement in the recovery of bad loans as they took steps like setting up specialised asset management recovery branches (ARMBs) for this purpose. For example, Corporation Bank could reduce non performing asset (NPA) through cash recovery and upgradation to the extent of Rs 1,509.30 crore in the fisca

The Union government, which holds 78.92 per cent stake in Indian Oil Corporation (IOC), will sell 10 per cent stake in IOC. Through the stake sale the government expects to garner around Rs 3,750 crore to the exchequer at the current market price. The Union Cabinet on August 1 cleared the proposal in this regard. At current market price, the sale of 10 per cent stake or 19.16 crore shares would fetch the government Rs 3,750 crore. The disinvestment department of the government has already select

The Union government's 3.56 per cent stake sale of Neyveli Lignite Corporation (NLC) through the institutional placement route was scheduled to hit the markets on August 2 and is expected to fetch around Rs 350 crore to the exchequer. The government is selling 3.56 per cent stake or over 5.58 crore shares in NLC through an institutional placement programme (IPP) in which the Tamil Nadu based state entities would be given preference while allotment of shares.

By its very definition, the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), launched seven years ago, vowed to rejuvenate our cities. In the process, funds were allocated segment-wise-water supply, transport augmentation, facilities for the poor,

BSNL in an estimate said that it needs to invest around Rs 40,000 crore in the next five years to become profitable. In order to retain its market share, BSNL is required to provide 182 million connections by 2017-18,

The Union government has called bids from public sector undertakings (PSUs) for 5 lignite blocks with an estimated 156 million tonne of reserves. The lignite blocks in Gujarat and Rajasthan will be awarded to State-run companies depending on various factors like location of the end use project and preparedness of the end use project, a government notice said.

Media reports indicate that ONGC plans to re-distribute its stake in the coal-bed methane blocks of North Karanpura and Ranigunj to bidders other than Dart Energy. ONGC plans to re-distribute the stake because Dart Energy refused to take 25 per cent stake in North Karanpura and 10 per cent stake in

Visakhapatnam Port Trust (VPT) may find it difficult to achieve its planned capacity increase to 150 million tonne by 2020 as several port projects are facing delay. The company planned to achieve this capacity expansion through an estimated investment of Rs 14,000 crore. The port authority is facing implementation delay for thre