Financial Express - India's leading business newspaper from the Indian Express Group

DoD proposes strategic sale of MTNL

In a bid to give a big push to the disinvestment drive, the DoD has proposed strategic sale of public sector giant MTNL.

Dalmias may bring in ally for GESCO offer

The AH Dalmia group is far from backing out of the battle for GESCO Corporation. A day after the Sheths-Mahindras combine announced an open offer for 33.5% of the company at Rs 36 a share.

India to `Look East' again

All eyes are turned eastwards. Just as President KR Narayanan is departing for Singapore on Wednesday, preparations are on in full swing both in the PMO and the ministry of external affairs for Mr Atal Bihari Vajpayee's visit to the region.

Ten-year yield curve dips 30 bps

In a clear indication of the State Bank of India's India Millennium Deposit (IMD) mop-up adding to market liquidity, the 10-year yield curve has fallen sharply by 30 basis points to 11.34% from 11.64% during the period October 21 to November 7 the period during which the IMD offering remained open.

Gujarat reacts to World Bank president's assurances with cautious optimism

Deprived of a $300 million World Bank loan for the SSP on the Narmada about eight years ago, Gujarat took the visiting WB president James D Wolfensohn's assurances to the GoG with cautious optimism.