Power supply restored in 70% parts of north India

Last Updated: Tuesday, July 31, 2012, 21:46

Electricity supply has been restored in close to three-fourth of the areas in the northern region, including the national capital, that were severely impacted by power outages since Tuesday afternoon.

BPCL, HPCL, IOC rally on petrol price hike

Last Updated: Thursday, May 24, 2012, 12:19

Led by BPCL, shares of state-run oil companies rallied on the bourses Thursday after the petrol price was hiked by a record Rs 7.54 per litre.

Fin Min rejects proposal to cut tax on petrol

Last Updated: Friday, April 27, 2012, 12:54

The Finance Ministry has rejected the Oil Ministry's demand of a tax cut of Rs 6 per litre on petrol, a report claimed on Friday.

India's state-run firms short-listed to bid for Afghan copper, gold Mines: Executive

Last Updated: Thursday, April 26, 2012, 12:16

A consortium of four Indian state-run companies has been short-listed to bid for copper and gold reserves in war-torn Afghanistan, a senior executive at one of the firms said on Thursday.

Only govt's equity to be divested in FPO: Nalco Chairman

Last Updated: Thursday, April 5, 2012, 18:24

State-run aluminium maker Nalco on Thursday said the government proposes to only offload its equity in the company as part of the disinvestment programme.

SAIL pays Rs 425.36 crore interim dividend to government

Last Updated: Tuesday, April 3, 2012, 17:37

State-run Steel Authority of India (SAIL) on Tuesday paid Rs 425.36 crore as interim dividend to the government for its 85.82 percent holding in the steel maker.

India to miss 2011/12 share-sale target

Last Updated: Wednesday, February 15, 2012, 15:03

India will not be able to raise a budgeted Rs 400 billion through share sales in state-run companies in this fiscal year, Disinvestment Secretary M.H. Khan told reporters on Wednesday.

LIC to invest $37 billion in FY12

Last Updated: Thursday, January 12, 2012, 14:19

State-run insurer Life Insurance Corp of India expects to invest Rs 1.9 trillion in the fiscal year ending March 2012, acting chairman D.K. Mehrotra told reporters.

State-run firms to stimulate economy: Report

Last Updated: Wednesday, January 11, 2012, 12:09

The government has asked state-run firms to boost investment to stimulate a slowing economy, a daily newspaper reported on Wednesday, citing anonymous government sources.

Govt may miss share sale target: Adviser

Last Updated: Thursday, December 15, 2011, 12:56

A target of Rs 400 billion from share sales in state-run firms for the current fiscal year to end-March 2012 may not be met because of unfavourable market conditions, Saumitra Chaudhuri, a member of the Prime Minister's Economic Advisory Council, said on Thursday.

Govt seeks Par nod for Rs 30,000 cr payout to oilcos

Last Updated: Friday, November 25, 2011, 18:53

The government on Friday sought approval of Parliament to pay Rs 30,000 crore in fuel subsidy to state-run oil firms for the first half of current fiscal.

State-run banks want SEBs to annually revise tariffs

Last Updated: Sunday, November 20, 2011, 09:43

Rising incidents of stressed assets in the power sector have prompted banks to ask for tariff revisions every year by the state electricity boards (SEBs), so that the business model remains viable.