Ministry wants SAIL to rework recast blueprint
The Steel Authority of India's (SAIL) turnaround plan has run into rough weather with the finance ministry raising objections on some of the key provisions in the steel giant's financial-restructuring proposal.

BIFR declares ATV Projects sick
The Board for Industrial and Financial Reconstruction (BIFR) has declared ATV projects a sick company and appointed Industrial Development Bank of India (IDBI) as operating agency for preparing the rehabilitation package for the company.

Tejendra Khanna may don Ranbaxy chairman mantle
Former commerce secretary Tejendra Khanna may be appointed as the new chairman of Ranbaxy Laboratories. He reportedly will replace Parvinder Singh, who is expected to step down from the position of both chairman and managing director of the company due to health reasons.

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