NATIONAL IOC suggests two billion Dollar public issue
New Delhi: The Indian Oil Corporation (IOC) on October 7 suggested a mega overseas public issue of two billion Dollars or acquisition of government stake in HPCL (Hindustan petroleum Corporation Limited) to avoid a split in its retail business as proposed by the Ministry of Disinvestment.
Divestment Ministry to accost Oil Ministry on IOC
New Delhi: Armed with the mandate of the Cabinet Committee on Disinvestment (CCD) to explore possibility of 'disinvesting marketing arm of Indian Oil Corporation (IOC)', the Disinvestment Ministry will approach Petroleum Ministry in a day or two for a follow up action to meet 3-month deadline.
SENSEX ends on positive note despite profit-taking
Mumbai: Late bouts of heavy profit-selling by domestic funds wiped out sharp early gains at the Bombay Stock Exchange (BSE) on October 7, but the benchmark managed to land in positive terrain with a marginal gain of 1.55 to close at 4632.94 and extend the winning streak to the seventh day.
SC upholds notice not to tax cos regd in Mauritius
New Delhi: The Supreme Court on October 7 upheld a government notification not to tax companies doing business in India if they were registered in Mauritius.
INTERNATIONAL Fair multilateral trading must remain the goal: PM
Bali: Regretting the "stalemate" at the Cancun World Trade Organisation (WTO) Ministerial Conference in September, Prime Minister Atal Behari Vajpayee on October 7 asserted that rule-based and fair multilateral trading system should remain the goal.
PM advocates $ 30 bn trade turnover with ASEAN
Bali: Declaring that India was working on eliminating trade and investment barriers, Prime Minister Atal Behari Vajpayee on October 7 advocated a trade turnover of $ 30 billion with Association of South East Asian Nations (ASEAN) by 2007 and establishment of a Free Trade Area with the 10-member regional grouping within a decade.
