The government set up a committee to examine and work out the details of the application of the principle followed internationally for defining foreign direct investment (FDI) and foreign institutional investment (FII). The finance ministry is learnt to have set up an eight-member committee under Economic Affairs Secretary Arvind Mayaram for giving clear definitions to
Tag: share
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Delhi govt to spend Rs 374 bn in 2013-14
Delhi Chief Minister Sheila Dikshit presented the budget for 2013-14 which pegged the overall outlay for the financial year at Rs 37,450 crore. While the state government allocated Rs 16,000 crore for plan expenditure, the total non plan expenditure has been proposed at Rs 21,000 crore
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Mauritius Unitus trims holding in SKS Microfinance
In a communication to the stock exchange, Mauritius Unitus Corporation sold a part of its stake in the only-listed microfinance institution in the country SKS Microfinance. Through open market trade in the BSE and NSE, the firm sold over 1 lakh of its shares in the microfinance instit
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Delhi govt seeks more central govt funds
Delhi Chief Minister Sheila Dikshit requested the central government to increase the size of grant to the state considering its huge expenditure on development of infrastructure and implementation of schemes through the direct cash transfer scheme. She said 65 per cent of the state government's budget is allocated to social sector schemes
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IOC plans to raise stake in HPL
Indian Oil Corporation (IOC) plans to raise its shareholding in the cash strapped Haldia Petrochemicals as the firm expects to reap many synergies with HPL. IOC has a big refinery in the area neighbouring HPL. Also, its pipelines are connected with HPL, Indrajit Bose, Exec
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State discusses share transfer in metro project
At a recent meeting, the West Bengal government discussed with the Indian Railways the process of initiating the transfer of its 50 per cent share in the Rs 4,87
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ArcelorMittal signs $447 mn sale pact
ArcelorMittal has entered into a sale and purchase agreement (SPA) with the head of its joint venture partner Kalahari Resources for sale of its 50 percent stake
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BP withdraws from 9 blocks
After initial assessment, UK's BP decided to withdraw from 9 oil and gas blocks in which it bought stake from Reliance Industries (R
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ONGC’s stake sale in KG block awaits govt nod
The sale of 26 per cent stake by Oil and Natural Gas Corporation (ONGC) in its KG Basin exploration block to a Japanese firm is awaiting the approval of the centr
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