Coal India (CIL) may have to dig into its Rs 60,000 crore plus cash reserve to buy back the government’s share in the company. It may even offer the promoter additional funds by declaring a special dividend. Under pressure from the f
The idea was good. It was to ensure that people in even the remotest areas of India got the benefits of the online railway ticketing system. Enter the ticketing agent who was supposed to book tickets on behalf of those who did not either have the
State run Bharat Petroleum Corporation Limited (BPCL) is on the lookout for other partners to form a joint venture company in the segment for the Rs 5,000 crore petrochemicals project in Kochi. The move comes after the South Korean major LG Chemic
SCOPE in collaboration with ministry of labour and employment are organizing a two day workshop on effective implementation of occupational safety and health in PSEs on September 24 and 25, 2013 in Delhi. The workshop is being supported by Interna
SCOPE, in collaboration with Institute of Company Secretaries of India (ICSI) organized a workshop on corporate risk management in Delhi on September 21. It was attended by a large number of senior executives of CPSEs. U D Choubey, d
Steel Authority of India Limited (SAIL) will start work on increasing capacity to 50 million tonnes per annum (mtpa) as soon as the current phase of expansions is over next year, said the company chairman C S Verma. According to a news rep
Trade unions at Coal India Limited (CIL) have put off a three-day workers strike from September 23 to December 17, after a meeting with company officials, according to news report. The CIL`s five trade unions had earlier served a strike no
In a landmark judgment, the appellate court in Monaco ruled that Rs 60 crore deposited in the European tax haven was embezzled fund and ordered for it to be repatriated to National Fertilizers Ltd (NFL). The sum was deposited by Turkish national T
I honestly think that for all practical purposes history for young Indians is a subject mugged up in school. We have very little sense of history. What we do (know, realise and comprehend) began in 1992 with economic liberalisation. That is the on
Intent on securing a foothold in US, ONGC Videsh Ltd (OVL) has reportedly hired a specialist lobbying firm in the US to present its case to American lawmakers on issues related to its oil and gas operations in India. It will also focus on the futu
Retired bank employees came together at Jantar Mantar to demand a better pension structure. “We made several representations to the Indian Banking Association (IBA) and ministry of finance but to no avail. The indifference displayed
In a stark reminder of the problems being faced by several state owned entities in the infrastructure space on account of shortage of gas and high cost of imported RLNG, National Fertilizers (NFL) has threatened to shut down all its plants by end
Young civil servants are eligible to apply for one year masters course in public policy and law at Tokyo’s premier institutes. Under Young Leaders` Programme (YLP) to be held from October, 2014 to September, 2015 the selected c
In his maiden review of monetary policy, Reserve Bank of India (RBI) governor Raghuram Rajan surprised many with the rate hike on Friday. The apex bank governor raised the repo rate under the liquidity adjustment facility (LAF) by 25 basis points
In order to encourage sportspersons, serving in various central ministries and departments, to excel in national and international sporting events, the government has revised their personal pay structure. With effect from September 1, the
UR Ananthamurthy is a very impassioned man. He wants to leave the country if Narendra Modi becomes the prime minister. Okay, that could be a bit of an interpretation. According to PTI, here’s what he said at a book release function in Bangal
Mamata Banerjee may have finally realised that populist measures might win you votes but does not create much. So, having been a staunch critic of acquisition for industry during the Left Front administration – an opposition that helped her
With the completion of a digital plan for Dighi Port industrial area in Maharashtra, the Delhi Mumbai industrial corridor development corporation (DMICDC) project has taken another step forward. According to a statement issued by IBM, whic
That there are problems with the government’s policies and regulations regarding the media and entertainment industry is not exactly news. What’s news is officials acknowledging it. And no less an officer than Dr Rahul Khullar, the cha
In a move that could be detrimental in garnering votes of the central government employees in the upcoming general elections, the government has decided to hike their deaness allowance from existing 80 percent to 90. The intended move could
