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Moody's cautions on PSU stake sale

Moody's said the Indian Govt's decision to sell stakes in public sector units is not a sustainable strategy.

PSUs under Rly Ministry profitable: Mamata

Public sector undertakings under the Ministry of Railways are profitable Railway Minister Mamata Banerjee said.

AI told to give restructuring plan in 30 days

Govt said that Air India has been asked to provide a restructuring plan in next 30 days.

Bajaj Auto sales fall 4.52 pct in June

Bajaj Auto reported a 4.52 cent fall in motorcycle sales at 1,67,945 units in June against 1,75,903 units in the same month last year.

SpiceJet rules out fare hike

Budget air carrier SpiceJet expects to break even this fiscal on the back of stabilising fuel prices and an increasing demand for low-fare travel.

Decontrol fuel prices: Economic Survey

It is high time that petrol and diesel prices were decontrolled taking advantage of low inflation and global crude prices, the Economic Survey said.

ONGC sees lower fuel subsidy burden

ONGC's Chairman said, if the prices remain around $70, the subsidy burden is going to be less.

RIL to appeal on gas deal with RNRL

RIL would appeal to SC against a ruling that it should enter into a gas supply agreement RNRL.

Govt should raise Rs 25,000 cr from disinvestment

The govt should sell a minimum 10 pct stake in all unlisted public sector enterprises and auction those that can't be revived, the Economic Survey said.

Maruti sales jump 23 pct in June

Maruti Suzuki, on Wednesday reported a 22.63 per cent jump in its sales at 75,109 units in June.

L&T bags two orders worth Rs 651 cr

L&T said it has bagged two orders worth Rs 651 crore from HPCL-Mittal Energy and MRPL.

Govt clears 21 FDI proposals, defers 14, rejects 7

Government cleared 21 FDI proposals worth Rs 84.90 crore, most of which is likely to be brought in by BASF through an open offer.

Hero Honda sales up 23.70 pct in June

Hero Honda Motors Ltd, reported a 23.70 per cent jump in its sales at 3,65,734 units in June.

TVS Motor sales up 6 pct in June

TVS Motor Company reported a 6 per cent increase in its sales at 1,15,448 units in June.

PSU oil firms losing Rs 170 crore per day

Oil firms have seen losses on fuel sale inflating from Rs 130 cr to about Rs 170 cr per day.

Jet, Sahara fail to resolve dispute

A Sahara spokesperson confirmed that the meeting between top managements of the two companies took place recently.

Airtel not working on sweetening MTN deal

Mittal said Bharti had not yet held talks with Indian or SA governments about the proposed merger.

IFCI Q4 net up at Rs 142.5 cr

The country's oldest financial institution, IFCI, reported a net profit of Rs 142.50 crore for the quarter ended March 31, 2009, and also declared a dividend after a gap of many years.

Biz environment has improved in 3 yrs: WB

It is easier to start and operate business in India than it was three years ago in many large cities of the country, a report by IFC and World bank says.

Bandra-Worli Sea Link leaves investors wary

Ten years and $325 mn later, the Bandra-Worli Sea Link opened out hope for harried commuters as well as investors betting on infrastructure.

B K Birla to raise holding in group cos

The Rs 10,000-crore B K Birla Group said that it will raise stake in group companies to 40 per cent in the next three years.

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